Arch Resources (NYSE:ARCH) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the energy company’s stock.

Other analysts also recently issued research reports about the stock. B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reaffirmed a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday. Finally, Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and boosted their price target for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $166.56 on Tuesday. The business’s 50 day simple moving average is $141.93 and its 200 day simple moving average is $147.47. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a market capitalization of $3.02 billion, a P/E ratio of 17.50 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the company posted $3.91 earnings per share. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Arch Resources will post 5.86 EPS for the current fiscal year.

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Several institutional investors have recently added to or reduced their stakes in ARCH. CWM LLC raised its position in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares in the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the third quarter worth approximately $50,000. Blue Trust Inc. lifted its stake in Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC bought a new position in shares of Arch Resources during the 2nd quarter worth approximately $55,000. Finally, KBC Group NV grew its position in shares of Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares during the period. 88.14% of the stock is currently owned by institutional investors.

Arch Resources Company Profile

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.