Arch Resources (NYSE:ARCH) Upgraded by Piper Sandler to “Overweight” Rating

Piper Sandler upgraded shares of Arch Resources (NYSE:ARCH) from a neutral rating to an overweight rating in a research note published on Monday morning, MarketBeat.com reports. The firm currently has $150.00 target price on the energy company’s stock, down from their prior target price of $165.00.

A number of other research analysts also recently weighed in on the company. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and upped their target price for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. 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. Finally, StockNews.com initiated coverage on shares of Arch Resources in a research report on Monday. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Stock Down 2.5 %

Arch Resources stock opened at $139.48 on Monday. The company has a market capitalization of $2.53 billion, a PE ratio of 14.65 and a beta of 0.69. The firm has a fifty day simple moving average of $155.76 and a two-hundred day simple moving average of $145.42. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data 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). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm 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 firm posted $3.91 EPS. Arch Resources’s revenue was down 17.0% compared to the same quarter last year. As a group, equities analysts expect that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a yield of 0.72%. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Arch Resources

Several hedge funds have recently bought and sold shares of ARCH. Pacer Advisors Inc. increased 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 worth $152,396,000 after acquiring an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP lifted 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 worth $148,146,000 after acquiring an additional 58,821 shares during the period. FMR LLC boosted its stake in shares of Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares in the last quarter. American Century Companies Inc. boosted its position in Arch Resources by 14.1% during the 2nd 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 grew 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 purchasing an additional 3,073 shares during the last quarter. Hedge funds and other institutional investors 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.