Arch Resources (NYSE:ARCH) Sets New 52-Week Low at $124.07

Arch Resources, Inc. (NYSE:ARCH) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $124.07 and last traded at $124.43, with a volume of 119223 shares changing hands. The stock had previously closed at $128.53.

Analyst Ratings Changes

Several research analysts have recently weighed in on ARCH shares. B. Riley lifted their price target on shares of Arch Resources from $192.00 to $198.00 and gave the stock a “buy” rating in a research note on Monday, July 29th. Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $170.00 price objective (down previously from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $178.25.

Arch Resources Stock Performance

The firm has a 50-day moving average price of $151.91 and a two-hundred day moving average price of $160.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market capitalization of $2.20 billion, a P/E ratio of 7.56 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). The company had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. Arch Resources’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the firm earned $4.04 earnings per share. On average, analysts forecast that Arch Resources, Inc. will post 13.7 EPS for the current fiscal year.

Arch Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.82%. Arch Resources’s payout ratio is currently 5.88%.

Institutional Investors Weigh In On Arch Resources

Several hedge funds have recently made changes to their positions in ARCH. Vanguard Group Inc. raised its holdings in shares of Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares in the last quarter. Pacer Advisors Inc. boosted its position 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 valued at $152,396,000 after purchasing an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in Arch Resources by 3.0% in the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.