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

Shares of Arch Resources, Inc. (NYSE:ARCH) have received a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $173.60.

A number of research firms have weighed in on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a research report on Wednesday. B. Riley dropped their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Finally, StockNews.com began coverage on Arch Resources in a research report on Monday, November 11th. They set a “hold” rating on the stock.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

Several institutional investors have recently added to or reduced their stakes in the business. Vestcor Inc boosted its holdings in Arch Resources by 48.2% in the third quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock worth $743,000 after acquiring an additional 1,749 shares in the last quarter. Barclays PLC boosted its holdings in Arch Resources by 143.8% in the third quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after acquiring an additional 30,437 shares in the last quarter. MML Investors Services LLC purchased a new position in shares of Arch Resources in the third quarter worth about $260,000. K2 Principal Fund L.P. purchased a new position in shares of Arch Resources in the third quarter worth about $345,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Arch Resources in the third quarter worth about $9,828,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

NYSE:ARCH opened at $163.96 on Wednesday. The stock’s fifty day moving average is $141.05 and its 200 day moving average is $147.63. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market capitalization of $2.97 billion, a PE ratio of 17.33 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter in the previous year, the business earned $3.91 EPS. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. Equities analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

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

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.