BMO Capital Markets Increases Arch Resources (NYSE:ARCH) Price Target to $175.00

Arch Resources (NYSE:ARCH) had its target price upped by BMO Capital Markets from $170.00 to $175.00 in a research report report published on Friday, Benzinga reports. They currently have an outperform rating on the energy company’s stock.

A number of other research analysts have also recently weighed in on the company. Benchmark reiterated a buy rating and issued a $180.00 target price on shares of Arch Resources in a report on Tuesday, October 3rd. B. Riley decreased their target price on Arch Resources from $197.00 to $188.00 and set a buy rating for the company in a report on Tuesday, October 3rd. Finally, StockNews.com lowered shares of Arch Resources from a buy rating to a hold rating in a report on Tuesday, November 7th.

Arch Resources Price Performance

ARCH stock opened at $156.47 on Friday. The stock has a market capitalization of $2.87 billion, a price-to-earnings ratio of 3.80 and a beta of 0.66. The company has a quick ratio of 1.61, a current ratio of 2.27 and a debt-to-equity ratio of 0.08. Arch Resources has a 52-week low of $102.42 and a 52-week high of $175.10. The stock’s fifty day simple moving average is $154.38 and its 200-day simple moving average is $133.16.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $3.91 EPS for the quarter, beating the consensus estimate of $3.26 by $0.65. The company had revenue of $744.60 million during the quarter, compared to analysts’ expectations of $638.04 million. Arch Resources had a return on equity of 58.01% and a net margin of 25.36%. The firm’s revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.68 EPS. Equities research analysts expect that Arch Resources will post 24.11 EPS for the current year.

Arch Resources Cuts Dividend

The business also recently announced a None dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $1.13 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a dividend yield of 0.7%. Arch Resources’s dividend payout ratio (DPR) is currently 2.43%.

Insider Activity at Arch Resources

In other news, VP Paul T. Demzik sold 4,339 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $175.00, for a total value of $759,325.00. Following the completion of the transaction, the vice president now directly owns 7,898 shares in the company, valued at $1,382,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Arch Resources news, VP John A. Ziegler sold 189 shares of Arch Resources stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $155.21, for a total transaction of $29,334.69. Following the sale, the vice president now directly owns 27,720 shares in the company, valued at approximately $4,302,421.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul T. Demzik sold 4,339 shares of the stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $175.00, for a total value of $759,325.00. Following the transaction, the vice president now owns 7,898 shares of the company’s stock, valued at $1,382,150. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,138 shares of company stock worth $882,967. 5.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Arch Resources

Hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its position in shares of Arch Resources by 2.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after acquiring an additional 67 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Arch Resources by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock worth $10,823,000 after purchasing an additional 4,910 shares during the period. MetLife Investment Management LLC increased its stake in Arch Resources by 58.0% during the first quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock valued at $1,125,000 after purchasing an additional 3,007 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Arch Resources by 2.9% during the first quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock valued at $71,366,000 after purchasing an additional 14,434 shares during the last quarter. Finally, Ergoteles LLC acquired a new stake in shares of Arch Resources during the first quarter worth $619,000. 85.03% of the stock is currently owned by institutional investors and hedge funds.

About Arch Resources

Arch Resources, Inc produces and sells metallurgical products. As of December 31, 2022, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,263 acres of coal land in West Virginia; 81,450 acres of coal land in Wyoming; 234,087 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.