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

Shares of Arch Resources, Inc. (NYSE:ARCH) have been given an average recommendation of “Hold” by the five analysts that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $173.60.

A number of analysts have issued reports on ARCH shares. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and boosted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. B. Riley cut their target price 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. StockNews.com started coverage on Arch Resources in a research report on Thursday, December 5th. They issued a “hold” rating on the stock. Finally, Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. grew its stake in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares in the last quarter. FMR LLC boosted its stake in Arch Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after acquiring an additional 404,249 shares in the last quarter. American Century Companies Inc. boosted its stake in Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Arch Resources by 0.7% in the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after acquiring an additional 3,073 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Stock Performance

ARCH stock opened at $153.99 on Friday. The firm has a market cap of $2.79 billion, a PE ratio of 16.18 and a beta of 0.64. The firm’s 50 day moving average price is $154.50 and its 200-day moving average price is $148.16. 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.91 EPS. Equities research analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. Arch Resources’s dividend payout ratio (DPR) is 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.