B. Riley Analysts Cut Earnings Estimates for Arch Resources, Inc. (NYSE:ARCH)

Arch Resources, Inc. (NYSE:ARCH) – Equities researchers at B. Riley dropped their Q3 2024 EPS estimates for shares of Arch Resources in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the energy company will earn $4.12 per share for the quarter, down from their prior forecast of $4.56. B. Riley currently has a “Buy” rating and a $193.00 target price on the stock. The consensus estimate for Arch Resources’ current full-year earnings is $19.22 per share. B. Riley also issued estimates for Arch Resources’ Q4 2024 earnings at $4.17 EPS.

Several other analysts also recently commented on the stock. Citigroup increased their price objective on shares of Arch Resources from $160.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, April 11th. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, StockNews.com downgraded shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $180.75.

Arch Resources Stock Performance

Shares of ARCH stock opened at $165.92 on Tuesday. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The company’s 50-day moving average is $165.08 and its 200 day moving average is $163.32. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 6.90 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

Arch Resources (NYSE:ARCH) last released its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The business had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The firm’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $23.18 earnings per share.

Hedge Funds Weigh In On Arch Resources

Institutional investors and hedge funds have recently made changes to their positions in the business. Maple Rock Capital Partners Inc. lifted its holdings in Arch Resources by 15,612.6% during the first quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock valued at $46,108,000 after purchasing an additional 353,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Arch Resources by 18.4% during the third quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock valued at $215,564,000 after purchasing an additional 282,345 shares in the last quarter. BlackRock Inc. lifted its holdings in Arch Resources by 24.4% during the second quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock valued at $142,262,000 after purchasing an additional 247,238 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Arch Resources by 10,789.7% during the first quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock valued at $48,000 after purchasing an additional 246,653 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Arch Resources by 1,196.2% during the third quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock valued at $44,666,000 after purchasing an additional 241,534 shares in the last quarter. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Insider Transactions at Arch Resources

In other news, Director James N. Chapman sold 2,005 shares of Arch Resources stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $184.08, for a total value of $369,080.40. Following the completion of the sale, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Arch Resources news, Director Pamela R. Butcher acquired 200 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were bought at an average price of $165.00 per share, with a total value of $33,000.00. Following the completion of the acquisition, the director now owns 200 shares in the company, valued at approximately $33,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James N. Chapman sold 2,005 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total transaction of $369,080.40. Following the completion of the transaction, the director now directly owns 1,219 shares in the company, valued at approximately $224,393.52. The disclosure for this sale can be found here. Insiders sold 106,043 shares of company stock worth $19,442,080 over the last three months. 5.90% of the stock is currently owned by company insiders.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.60%. Arch Resources’s dividend payout ratio is presently 4.16%.

About Arch Resources

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.