Arch Resources, Inc. (NYSE:ARCH) Receives Consensus Rating of “Buy” from Brokerages

Shares of Arch Resources, Inc. (NYSE:ARCHGet Rating) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $142.17.

A number of research firms have recently weighed in on ARCH. BMO Capital Markets boosted their price target on Arch Resources from $115.00 to $140.00 in a report on Wednesday, February 16th. Jefferies Financial Group increased their price target on Arch Resources from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, March 9th. Zacks Investment Research cut Arch Resources from a “strong-buy” rating to a “hold” rating and set a $168.00 price target on the stock. in a research report on Tuesday, May 10th. StockNews.com initiated coverage on Arch Resources in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, B. Riley increased their price target on Arch Resources from $231.00 to $234.00 in a research note on Wednesday, April 27th.

Shares of Arch Resources stock opened at $163.40 on Monday. The business has a 50-day moving average of $154.29 and a 200 day moving average of $118.84. Arch Resources has a 12 month low of $49.55 and a 12 month high of $183.53. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 5.21 and a beta of 0.63. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.78 and a quick ratio of 1.38.

Arch Resources (NYSE:ARCHGet Rating) last issued its earnings results on Tuesday, April 26th. The energy company reported $12.89 earnings per share for the quarter, missing the consensus estimate of $13.11 by ($0.22). Arch Resources had a return on equity of 109.29% and a net margin of 22.64%. The business had revenue of $867.90 million for the quarter, compared to analyst estimates of $725.33 million. During the same period last year, the business posted ($0.40) EPS. Arch Resources’s revenue was up 142.8% on a year-over-year basis. Equities research analysts anticipate that Arch Resources will post 63.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, May 27th. Arch Resources’s dividend payout ratio is currently 3.19%.

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

Several hedge funds have recently made changes to their positions in ARCH. FMR LLC boosted its stake in Arch Resources by 8,292.7% in the 1st quarter. FMR LLC now owns 39,110 shares of the energy company’s stock worth $3,570,000 after purchasing an additional 38,644 shares during the period. Morgan Stanley lifted its position in Arch Resources by 1.1% during the 2nd quarter. Morgan Stanley now owns 998,298 shares of the energy company’s stock worth $56,882,000 after buying an additional 11,111 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Arch Resources in the 3rd quarter valued at about $228,000. Alliancebernstein L.P. raised its holdings in shares of Arch Resources by 6.5% in the 3rd quarter. Alliancebernstein L.P. now owns 17,100 shares of the energy company’s stock valued at $1,586,000 after purchasing an additional 1,046 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of Arch Resources by 66.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 22,575 shares of the energy company’s stock valued at $2,094,000 after purchasing an additional 9,008 shares during the period.

Arch Resources Company Profile (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.

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