Arch Resources, Inc. (NYSE:ARCH) Receives $173.60 Average Target Price from Analysts

Arch Resources, Inc. (NYSE:ARCH) has received an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $173.60.

Several research analysts recently weighed in on the company. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Friday, July 26th. B. Riley reduced their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the company from $155.00 to $165.00 in a research report on Wednesday. Finally, StockNews.com began coverage on Arch Resources in a research report on Monday, November 11th. They issued a “hold” rating for the company.

Arch Resources Trading Up 0.5 %

Shares of ARCH stock opened at $163.96 on Wednesday. The stock has a 50 day moving average of $141.05 and a 200 day moving average of $147.63. The stock has a market cap of $2.97 billion, a P/E ratio of 17.33 and a beta of 0.59. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.91 earnings per share. On average, research analysts predict that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. CWM LLC raised its position in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the period. Quest Partners LLC purchased a new stake in shares of Arch Resources in the 3rd quarter valued at $50,000. Blue Trust Inc. raised its holdings in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC purchased a new stake in shares of Arch Resources in the 2nd quarter valued at $55,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Arch Resources in the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

About Arch Resources

Arch Resources, Inc engages in the production and sale of metallurgical products. It operates in two segments, Metallurgical and Thermal. The company operates active mines. It owned or controlled primarily through long-term leases of coal land in Ohio, Maryland, Virginia, West Virginia, Wyoming, Kentucky, Montana, Pennsylvania, Colorado, and Illinois; and smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.