StockNews.com Begins Coverage on Arch Resources (NYSE:ARCH)

StockNews.com initiated coverage on shares of Arch Resources (NYSE:ARCH) in a report published on Monday morning. The brokerage issued a hold rating on the energy company’s stock.

A number of other equities research analysts have also recently commented on the stock. B. Riley lowered their price objective 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, September 6th. Benchmark reissued a buy rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $175.75.

Arch Resources Stock Performance

NYSE:ARCH opened at $124.64 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The stock has a market cap of $2.26 billion, a PE ratio of 7.33 and a beta of 0.60. The firm’s fifty day simple moving average is $134.81 and its 200-day simple moving average is $152.95.

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 analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same period last year, the company earned $4.04 earnings per share. The business’s revenue for the quarter was down 19.6% compared to the same quarter last year. Analysts expect that Arch Resources will post 10.73 earnings per share for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.25 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.80%. Arch Resources’s payout ratio is 5.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its holdings in Arch Resources by 5.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC lifted 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 purchasing an additional 99 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in 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 purchasing an additional 100 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in Arch Resources by 6.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after purchasing an additional 121 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its holdings in Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 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.