Brokerages Set Arch Resources, Inc. (NYSE:ARCH) Target Price at $173.60

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

ARCH has been the subject of several research analyst reports. StockNews.com began coverage on Arch Resources in a research note on Sunday, December 29th. They set a “hold” rating for the company. Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price objective for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Finally, Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was 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 owns 29,120 shares of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is owned by insiders.

Institutional Trading of Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in Arch Resources by 340.5% during the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Arch Resources by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock valued at $17,924,000 after acquiring an additional 8,976 shares during the period. Franklin Resources Inc. boosted its holdings in Arch Resources by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock valued at $1,785,000 after acquiring an additional 843 shares during the period. Sanctuary Advisors LLC increased its stake in Arch Resources by 10.3% during the third quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after purchasing an additional 238 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after purchasing an additional 3,073 shares in the last quarter. 88.14% of the stock is owned by institutional investors and hedge funds.

Arch Resources Stock Up 0.0 %

Shares of ARCH opened at $143.10 on Thursday. The stock’s 50-day moving average price is $155.76 and its 200-day moving average price is $145.57. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 15.03 and a beta of 0.69. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last posted its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.91 earnings per share. As a group, equities analysts anticipate that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid 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 0.70%. Arch Resources’s dividend payout ratio is presently 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.