Arch Resources (NYSE:ARCH) Stock Price Down 3.2%

Shares of Arch Resources, Inc. (NYSE:ARCH) traded down 3.2% on Thursday . The company traded as low as $124.08 and last traded at $124.26. 39,877 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 414,825 shares. The stock had previously closed at $128.34.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ARCH shares. StockNews.com started coverage on shares of Arch Resources in a research report on Saturday, August 31st. They issued a “hold” rating for the company. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Friday, July 26th. Finally, B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources presently has a consensus rating of “Hold” and a consensus target price of $175.75.

Arch Resources Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The firm’s 50-day moving average price is $141.20 and its two-hundred day moving average price is $155.35. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 7.07 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). The firm 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%. The business’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the company earned $4.04 EPS. On average, analysts expect that Arch Resources, Inc. will post 12.74 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.83%. Arch Resources’s dividend payout ratio (DPR) is 5.88%.

Hedge Funds Weigh In On Arch Resources

Several large investors have recently modified their holdings of the business. CWM LLC raised its holdings in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares during the period. Lindbrook Capital LLC raised its stake in shares of Arch Resources by 99.0% in the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Newbridge Financial Services Group Inc. raised its stake in shares of Arch Resources by 1,900.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after acquiring an additional 190 shares during the period. Blue Trust Inc. lifted its holdings in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Arch Resources during the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds 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.