Arch Resources (NYSE:ARCH) Given New $188.00 Price Target at B. Riley

Arch Resources (NYSE:ARCH) had its target price reduced by B. Riley from $198.00 to $188.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a buy rating on the energy company’s stock.

Several other research firms also recently commented on ARCH. StockNews.com began coverage on Arch Resources in a report on Saturday, August 31st. They issued a hold rating for the company. Benchmark reissued a buy rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $175.75.

Arch Resources Price Performance

Shares of ARCH opened at $120.21 on Friday. The firm has a market capitalization of $2.18 billion, a PE ratio of 7.07 and a beta of 0.64. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The stock has a 50 day simple moving average of $141.20 and a 200 day simple moving average of $155.35.

Arch Resources (NYSE:ARCH) last issued 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 during the quarter, compared to the consensus estimate of $562.23 million. During the same quarter last year, the firm earned $4.04 earnings per share. The business’s revenue for the quarter was down 19.6% on a year-over-year basis. Sell-side analysts predict that Arch Resources will post 12.74 EPS for the current fiscal year.

Arch Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. Arch Resources’s payout ratio is presently 5.88%.

Institutional Investors Weigh In On Arch Resources

Several institutional investors have recently made changes to their positions in the stock. CWM LLC grew its stake in Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Lindbrook Capital LLC boosted its position in shares of Arch Resources by 99.0% during the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Arch Resources by 1,900.0% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after acquiring an additional 190 shares during the last quarter. Blue Trust Inc. raised its position in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Arch Resources during the second quarter worth $55,000. 88.14% of the stock is currently owned by institutional investors.

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.