StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research report released on Tuesday. The brokerage issued a hold rating on the energy company’s stock.

Other research analysts also recently issued reports about the company. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Monday, November 18th. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the stock from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and cut their price objective for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Stock Performance

Shares of NYSE:ARCH opened at $134.83 on Tuesday. The company’s fifty day moving average is $154.10 and its two-hundred day moving average is $144.72. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same quarter last year, the company earned $3.91 EPS. Arch Resources’s revenue was down 17.0% compared to the same quarter last year. Sell-side analysts expect that Arch Resources will post 5.02 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, November 15th. Arch Resources’s payout ratio is currently 10.50%.

Hedge Funds Weigh In On Arch Resources

Large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in Arch Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after purchasing an additional 404,249 shares during the period. Holocene Advisors LP raised its stake in shares of Arch Resources by 422.4% in the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after buying an additional 202,425 shares in the last quarter. Trium Capital LLP acquired a new stake in shares of Arch Resources in the fourth quarter valued at $21,109,000. Pacer Advisors Inc. boosted its stake in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares in the last quarter. Finally, First Eagle Investment Management LLC acquired a new position in Arch Resources during the second quarter worth about $11,813,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.