Arch Resources’ (ARCH) Buy Rating Reiterated at Benchmark

Benchmark reiterated their buy rating on shares of Arch Resources (NYSE:ARCH) in a research report report published on Monday, Benzinga reports. The brokerage currently has a $180.00 price objective on the energy company’s stock.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Arch Resources from a buy rating to a hold rating in a research note on Thursday, March 7th. BMO Capital Markets reissued a market perform rating and issued a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. B. Riley reduced their price objective on Arch Resources from $198.00 to $193.00 and set a buy rating for the company in a research note on Monday, April 15th. Finally, Citigroup reissued a neutral rating and issued a $170.00 price objective (down from $185.00) on shares of Arch Resources in a research note on Thursday, April 18th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $177.00.

Arch Resources Trading Up 3.9 %

Shares of NYSE ARCH opened at $165.40 on Monday. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 6.88 and a beta of 0.68. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. The business has a fifty day simple moving average of $163.99 and a 200-day simple moving average of $163.60.

Arch Resources (NYSE:ARCH) last announced its earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $704.53 million. During the same period in the prior year, the company earned $23.18 earnings per share. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. Sell-side analysts predict that Arch Resources will post 14.84 EPS for the current year.

Arch Resources Announces Dividend

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

Insider Transactions at Arch Resources

In other news, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $178.40, for a total transaction of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman John W. Eaves sold 72,946 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $185.03, for a total transaction of $13,497,198.38. Following the completion of the sale, the chairman now directly owns 136,725 shares of the company’s stock, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul T. Demzik sold 4,451 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the transaction, the vice president now directly owns 2,192 shares in the company, valued at approximately $391,052.80. The disclosure for this sale can be found here. Insiders sold 104,335 shares of company stock valued at $19,126,100 in the last three months. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. PM CAPITAL Ltd acquired a new position in shares of Arch Resources during the 3rd quarter valued at about $17,764,000. Accurate Wealth Management LLC increased its holdings in shares of Arch Resources by 29.2% during the 3rd quarter. Accurate Wealth Management LLC now owns 10,063 shares of the energy company’s stock valued at $1,596,000 after acquiring an additional 2,276 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Arch Resources by 16.9% during the 3rd quarter. Raymond James & Associates now owns 2,442 shares of the energy company’s stock valued at $417,000 after acquiring an additional 353 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Arch Resources by 87.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 7,182 shares of the energy company’s stock valued at $1,226,000 after acquiring an additional 3,344 shares during the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Arch Resources during the 3rd quarter valued at about $576,000. 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.