Arch Resources, Inc. (NYSE:ARCH) Receives $167.17 Consensus Target Price from Analysts

Shares of Arch Resources, Inc. (NYSE:ARCH) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $167.17.

Several brokerages recently issued reports on ARCH. StockNews.com began coverage on shares of Arch Resources in a research note on Wednesday, January 22nd. They issued a “hold” rating for the company. Jefferies Financial Group upgraded shares of Arch Resources from a “hold” rating to a “buy” rating and dropped their price target for the stock from $165.00 to $150.00 in a research note on Monday, January 6th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Finally, Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th.

Arch Resources Stock Performance

NYSE:ARCH opened at $134.83 on Monday. 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 cap of $2.44 billion, a PE ratio of 14.16 and a beta of 0.69. The business has a 50 day moving average price of $148.36 and a 200-day moving average price of $142.76.

Arch Resources (NYSE:ARCH) last announced its quarterly 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 the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources’s revenue was down 17.0% on a year-over-year basis. During the same period last year, the business earned $3.91 EPS. Research analysts predict that Arch Resources will post 5.02 EPS for the current year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.74%. Arch Resources’s payout ratio is currently 10.50%.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Arch Resources by 340.5% in the 4th 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. Quest Partners LLC purchased a new position in Arch Resources during the 3rd quarter valued at $50,000. KBC Group NV grew its holdings in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after purchasing an additional 172 shares during the last quarter. Blue Trust Inc. grew its stake in Arch Resources by 191.1% in the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after acquiring an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in Arch Resources during the 3rd quarter worth $157,000. 88.14% of the stock is owned by hedge funds and other institutional investors.

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.