2 weeks Ago By ABMN Staff
StockNews.com started coverage on shares of Arch Resources ( NYSE:ARCH – Free Report ) in a research note issued to investors on Sunday. The firm issued a hold rating on the energy company’s stock.
ARCH has been the topic of a number of other research reports. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th.
B. Riley decreased their price target on Arch Resources from $198.00 to $188.
00 and set a “buy” rating for the company in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Arch Resources has an average rating of “Hold” and a consensus target price of $175.
75. Check Out Our Latest Research Report on Arch Resources Arch Resources Stock Performance Arch Resources ( NYSE:ARCH – Get Free Report ) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.
34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17).
The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million.
Arch Resources had a return on equity of 17.91% and a net margin of 9.24%.
The company’s revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.
91 EPS. On average, analysts predict that Arch Resources will post 7.84 earnings per share for the current year.
Arch Resources Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share.
This represents a $1.00 annualized dividend and a yield of 0.68%.
The ex-dividend date of this dividend is Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is currently 7.26%.
Insider Activity In related news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.
75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.
00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . 5.
90% of the stock is currently owned by corporate insiders. Institutional Trading of Arch Resources Large investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in Arch Resources by 5.
1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after purchasing an additional 90 shares during the period. CWM LLC lifted its position in shares of Arch Resources by 132.
0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the last quarter. AlphaMark Advisors LLC grew its holdings in Arch Resources by 6.
6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after buying an additional 121 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of Arch Resources by 1.
4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock worth $1,442,000 after buying an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Arch Resources by 6.
5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after acquiring an additional 137 shares during the period. 88.
14% of the stock is owned by institutional investors. About Arch Resources ( 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. Featured Articles 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.
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