Arch Resources, Inc. (NYSE:ARCH) Short Interest Down 12.2% in August

Arch Resources, Inc. (NYSE:ARCH) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 1,010,000 shares, a decline of 12.2% from the August 15th total of 1,150,000 shares. Based on an average daily trading volume, of 412,800 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Ratings Changes

Several research firms have issued reports on ARCH. StockNews.com started coverage on Arch Resources in a research note on Monday. They set a “hold” rating for the company. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus target price of $175.75.

Arch Resources Price Performance

Shares of Arch Resources stock traded down $1.55 during trading on Wednesday, reaching $124.64. The company’s stock had a trading volume of 204,983 shares, compared to its average volume of 415,421. The stock has a 50-day moving average price of $134.81 and a two-hundred day moving average price of $152.95. The stock has a market capitalization of $2.26 billion, a P/E ratio of 7.33 and a beta of 0.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. Arch Resources has a one year low of $116.44 and a one year high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the previous year, the business posted $4.04 EPS. The company’s revenue was down 19.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Arch Resources will post 10.73 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, August 30th. Arch Resources’s dividend payout ratio is 5.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Arch Resources by 94.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after purchasing an additional 6,778 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after acquiring an additional 16,273 shares during the period. Natixis bought a new stake in shares of Arch Resources during the 1st quarter valued at $2,892,000. Denali Advisors LLC acquired a new position in shares of Arch Resources in the 1st quarter valued at $2,428,000. Finally, Vanguard Group Inc. boosted its position in shares of Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after purchasing an additional 219,094 shares during the last quarter. 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.