Arch Resources, Inc. (NYSE:ARCH) Receives Average Recommendation of “Hold” from Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCHGet Rating) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $130.17.

A number of research firms recently weighed in on ARCH. Barclays lifted their price target on Arch Resources from $50.00 to $51.00 in a research note on Thursday, January 6th. B. Riley lifted their price objective on Arch Resources from $231.00 to $234.00 in a report on Wednesday. Zacks Investment Research cut Arch Resources from a “hold” rating to a “sell” rating and set a $96.00 price objective for the company. in a report on Monday, January 24th. Jefferies Financial Group lifted their price objective on Arch Resources from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, March 9th. Finally, BMO Capital Markets lifted their price objective on Arch Resources from $115.00 to $140.00 in a report on Wednesday, February 16th.

In other news, VP John A. Ziegler sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $145.80, for a total value of $729,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul T. Demzik sold 8,540 shares of the business’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $149.86, for a total value of $1,279,804.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,994 shares of company stock valued at $2,060,495. Insiders own 8.00% of the company’s stock.

Large investors have recently made changes to their positions in the company. USA Financial Portformulas Corp purchased a new stake in shares of Arch Resources in the third quarter valued at $70,000. Dark Forest Capital Management LP purchased a new stake in shares of Arch Resources in the third quarter valued at $71,000. Point72 Hong Kong Ltd purchased a new stake in shares of Arch Resources in the third quarter valued at $93,000. Arcadia Investment Management Corp MI purchased a new stake in shares of Arch Resources in the fourth quarter valued at $126,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Arch Resources by 89.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,118 shares of the energy company’s stock valued at $193,000 after purchasing an additional 1,001 shares during the period.

Arch Resources stock opened at $171.12 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.69 and a quick ratio of 1.39. Arch Resources has a 1-year low of $44.20 and a 1-year high of $176.35. The company has a market cap of $2.65 billion, a PE ratio of 9.45 and a beta of 0.83. The stock’s 50 day moving average price is $143.09 and its 200 day moving average price is $110.26.

Arch Resources (NYSE:ARCHGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The energy company reported $12.89 earnings per share for the quarter, missing the Zacks’ consensus estimate of $13.11 by ($0.22). Arch Resources had a net margin of 15.29% and a return on equity of 85.21%. The business had revenue of $867.90 million during the quarter, compared to analysts’ expectations of $725.33 million. During the same quarter last year, the firm earned ($0.40) earnings per share. The firm’s quarterly revenue was up 142.8% compared to the same quarter last year. On average, equities research analysts anticipate that Arch Resources will post 60.48 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Arch Resources’s dividend payout ratio (DPR) is 5.52%.

About Arch Resources (Get Rating)

Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

Featured Stories

Receive News & Ratings for Arch Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Resources and related companies with MarketBeat.com's FREE daily email newsletter.