Benchmark Reaffirms Buy Rating for Arch Resources (NYSE:ARCH)

Benchmark reiterated their buy rating on shares of Arch Resources (NYSE:ARCH) in a report issued on Monday,Benzinga reports. They currently have a $180.00 price target on the energy company’s stock.

Several other equities research analysts also recently commented on the company. B. Riley dropped their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. StockNews.com began coverage on Arch Resources in a research note on Monday, November 11th. They set a “hold” rating on the stock. Finally, Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and boosted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Arch Resources currently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Price Performance

Shares of ARCH opened at $174.20 on Monday. The company has a 50-day simple moving average of $145.66 and a two-hundred day simple moving average of $147.89. The firm has a market capitalization of $3.15 billion, a PE ratio of 18.30 and a beta of 0.59. Arch Resources has a one year low of $116.44 and a one year high of $187.60.

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

Arch Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio is currently 10.50%.

Insider Buying and Selling

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

Institutional Trading of Arch Resources

Large investors have recently made changes to their positions in the business. CWM LLC increased its position in shares of Arch Resources by 132.0% during the 2nd 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 last quarter. Quest Partners LLC purchased a new position in shares of Arch Resources during the 3rd quarter worth about $50,000. Blue Trust Inc. boosted its position in shares of Arch Resources by 5,500.0% during the second 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 bought a new position in shares of Arch Resources during the second quarter valued at approximately $55,000. Finally, KBC Group NV raised its holdings in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Company Profile

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.