1 week Ago By ABMN Staff
Arch Resources ( NYSE:ARCH – Free Report ) had its price objective reduced by B. Riley from $198.00 to $188.
00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the energy company’s stock. Several other research analysts have also commented on the company.
StockNews.com began coverage on Arch Resources in a report on Saturday, August 31st. They set a hold rating for the company.
Benchmark restated a buy rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company.
According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $175.75. Check Out Our Latest Analysis on ARCH Arch Resources Price Performance Arch Resources ( NYSE:ARCH – Get Free Report ) last released its quarterly earnings results on Thursday, July 25th.
The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.
50). Arch Resources had a net margin of 9.24% and a return on equity of 17.
91%. The firm had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.
23 million. During the same quarter last year, the firm earned $4.04 earnings per share.
The firm’s revenue for the quarter was down 19.6% on a year-over-year basis. As a group, sell-side analysts predict that Arch Resources will post 12.
74 earnings per share for the current fiscal year. Arch Resources Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.
25 dividend. This represents a $1.00 annualized dividend and a yield of 0.
83%. The ex-dividend date of this dividend is Friday, August 30th. Arch Resources’s dividend payout ratio is currently 5.
88%. Hedge Funds Weigh In On Arch Resources Several institutional investors and hedge funds have recently made changes to their positions in ARCH. Janney Montgomery Scott LLC grew its stake in shares of Arch Resources by 94.
0% during the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after buying an additional 6,778 shares during the last quarter. Goldman Sachs Group Inc.
lifted its position in Arch Resources by 9.8% in the fourth quarter. Goldman Sachs Group Inc.
now owns 182,870 shares of the energy company’s stock valued at $30,345,000 after purchasing an additional 16,273 shares during the last quarter. Natixis bought a new position in shares of Arch Resources in the first quarter worth approximately $2,892,000. Swiss National Bank purchased a new position in shares of Arch Resources in the fourth quarter worth $5,642,000.
Finally, Denali Advisors LLC purchased a new stake in Arch Resources during the 1st quarter valued at $2,428,000. Institutional investors own 88.14% of the company’s stock.
Arch Resources Company Profile ( Get Free Report ) 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. Further Reading 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 .
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