Arch Resources (NYSE:ARCH) Shares Gap Up to $152.23

Arch Resources, Inc. (NYSE:ARCH) shares gapped up prior to trading on Monday . The stock had previously closed at $152.23, but opened at $159.80. Arch Resources shares last traded at $162.57, with a volume of 50,608 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARCH. Citigroup reiterated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $165.00 price target (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Monday, April 22nd. StockNews.com lowered shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, B. Riley reduced their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research note on Monday, April 15th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $177.00.

Arch Resources Price Performance

The firm has a market cap of $2.96 billion, a PE ratio of 9.59 and a beta of 0.64. The company has a current ratio of 2.64, a quick ratio of 1.89 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $161.46 and a 200 day moving average price of $165.46.

Arch Resources (NYSE:ARCH) last posted its earnings results on Monday, April 29th. The energy company reported $2.98 earnings per share for the quarter, beating the consensus estimate of $2.79 by $0.19. Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The company had revenue of $680.19 million for the quarter, compared to analyst estimates of $596.52 million. During the same quarter in the prior year, the company earned $10.02 earnings per share. Arch Resources’s revenue was down 21.8% compared to the same quarter last year. On average, sell-side analysts expect that Arch Resources, Inc. will post 12.82 EPS for the current year.

Arch Resources Cuts Dividend

The firm also recently declared a None dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $1.11 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a dividend yield of 0.6%. Arch Resources’s dividend payout ratio is presently 5.88%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Lindbrook Capital LLC increased its position in Arch Resources by 99.0% during the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. increased its position in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock worth $33,000 after purchasing an additional 190 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Arch Resources by 188.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the last quarter. CVA Family Office LLC purchased a new position in Arch Resources in the 4th quarter valued at about $38,000. Finally, JTC Employer Solutions Trustee Ltd acquired a new stake in shares of Arch Resources during the 4th quarter worth about $52,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.