Arch Resources Q1 2024 Earnings Preview
Seeking Alpha News (Wed, 24-Apr 2:16 PM ET)
Notable earnings before Thursday's open
Seeking Alpha News (Wed, 24-Apr 11:12 AM ET)
Benchmark Co. Reaffirms Their Buy Rating on Arch Resources (ARCH)
TipRanks (Mon, 22-Apr 7:15 AM ET)
Arch Resources to Announce First Quarter 2024 Results on April 25
PRNewswire (Wed, 17-Apr 8:00 AM ET)
PRNewswire (Tue, 19-Mar 8:00 AM ET)
PRNewswire (Wed, 6-Mar 7:59 AM ET)
PRNewswire (Fri, 1-Mar 6:47 PM ET)
Arch Resources Updates Executive Succession Plan
PRNewswire (Thu, 22-Feb 8:00 AM ET)
Arch Resources Reports Fourth Quarter 2023 Results
PRNewswire (Thu, 15-Feb 6:50 AM ET)
Arch Resources to Announce Fourth Quarter and Full Year 2023 Results on February 15
PRNewswire (Thu, 1-Feb 7:45 AM ET)
Arch Resources Inc is a producer of metallurgical and coking coal. The company sells its coal to power plants, steel mills, and industrial facilities. Its operating segment includes Metallurgical (MET) and Thermal. It generates maximum revenue from the Metallurgical (MET) segment. Geographically, it derives a majority of its revenue from Asia.
Arch Resources Class A trades on the NYSE stock market under the symbol ARCH.
As of April 24, 2024, ARCH stock price climbed to $159.24 with 358,166 million shares trading.
ARCH has a beta of -0.11, meaning it tends to be less sensitive to market movements. ARCH has a correlation of 0.00 to the broad based SPY ETF.
ARCH has a market cap of $2.91 billion. This is considered a Mid Cap stock.
Last quarter Arch Resources Class A reported $774 million in Revenue and $6.07 earnings per share. This beat revenue expectation by $67 million and missed earnings estimates by -$1.28.
In the last 3 years, ARCH stock traded as high as $187.60 and as low as $44.20.
The top ETF exchange traded funds that ARCH belongs to (by Net Assets): IJR, CALF, VTI, XME, VB.
ARCH has outperformed the market in the last year with a price return of +35.9% while the SPY ETF gained +24.2%. However, in the short term, ARCH had mixed performance relative to the market. It has underperformed in the last 3 months, returning -12.3% vs +4.6% return in SPY. But in the last 2 weeks, ARCH shares have fared better than the market returning +1.9% compared to SPY -2.7%.
ARCH support price is $153.05 and resistance is $160.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARCH stock will trade within this expected range on the day.