In yesterday’s Wall Street session, Arch Resources Inc. (NYSE:ARCH) shares traded at $154.53, down -1.27% from the previous session.
6 analysts cover Arch Resources Inc. (NYSE:ARCH), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $204.00 and a low of $190.00, we find $200.00. Given the previous closing price of $156.51, this indicates a potential upside of 27.79 percent. ARCH stock price is now 6.27% away from the 50-day moving average and 14.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.66B.
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The stock has received a hold rating from 0 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $199.00 as their price target over the next twelve months.
With the price target enhanced from $160 to $225, Jefferies Upgraded its rating from Hold to Buy for Arch Resources Inc. (NYSE: ARCH). On September 29, 2021, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $62 to quote $110, while ‘The Benchmark Company’ rates the stock as ‘Buy’.
In other news, Klein Rosemary L, Sr. VP, General Counsel & Sec sold 1,549 shares of the company’s stock on Mar 03. The stock was sold for $255,585 at an average price of $165.00. Upon completion of the transaction, the Sr. VP, General Counsel & Sec now directly owns 7,999 shares in the company, valued at $1.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, Sr. VP, General Counsel & Sec Klein Rosemary L sold 2,477 shares of the business’s stock. A total of $391,453 was realized by selling the stock at an average price of $158.03. This leaves the insider owning 9,548 shares of the company worth $1.48 million. Insiders disposed of 16,003 shares of company stock worth roughly $2.47 million over the past 1 year. A total of 1.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ARCH stock. A new stake in Arch Resources Inc. shares was purchased by GQG PARTNERS LLC during the first quarter worth $167,681,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $20,645,000 in shares of ARCH during the first quarter. In the first quarter, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in Arch Resources Inc. valued at approximately $17,116,000. TOP ACE ASSET MANAGEMENT LTD acquired a new stake in ARCH for approximately $13,923,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in ARCH valued at around $11,961,000 in the second quarter.
On Thursday morning Arch Resources Inc. (NYSE: ARCH) stock kicked off with the opening price of $157.44. During the past 12 months, Arch Resources Inc. has had a low of $101.39 and a high of $167.68. As of last week, the company has a debt-to-equity ratio of 0.13, a current ratio of 1.90, and a quick ratio of 1.40. The fifty day moving average price for ARCH is $147.74 and a two-hundred day moving average price translates $146.16 for the stock.
The latest earnings results from Arch Resources Inc. (NYSE: ARCH) was released for Sep, 2022. According to the Thermal Coal Company, earnings per share came in at $8.68, missing analysts’ expectations of $9.61 by -0.93. This compares to $13.01 EPS in the same period last year. The net profit margin was 35.70% and return on equity was 114.10% for ARCH. The company reported revenue of $859.46 million for the quarter, compared to $805.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.67 percent. For the current quarter, analysts expect ARCH to generate $798.08M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/15/2023. Investors who held shares on 02/28/2023 were paid a $2.86 dividend. On an annualized basis, this represents a $1.00 dividend and a 0.65% percent yield. There was an ex-dividend date of 02/27/2023 for this dividend. In terms of dividend payout ratio, ARCH is presently at 1.30%.
Arch Resources Inc.(ARCH) Company Profile
Arch Resources, Inc. produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, 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; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 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. The company sells its products to utility, industrial, and steel producers in the United States, Europe, Asia, Central and South America, and Africa. The company was formerly known as Arch Coal, Inc. and changed its name to Arch Resources, Inc. in May 2020. Arch Resources, Inc. was incorporated in 1969 and is headquartered in St. Louis, Missouri.
