Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

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

A number of other research analysts have also commented on ARCH. B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Finally, Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Arch Resources has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Performance

Shares of NYSE ARCH opened at $155.80 on Friday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The stock has a 50 day moving average price of $155.27 and a 200 day moving average price of $148.09. The stock has a market capitalization of $2.82 billion, a PE ratio of 16.37 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The firm had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue was down 17.0% on a year-over-year basis. During the same period last year, the business earned $3.91 EPS. As a group, research analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CWM LLC grew its holdings in shares of Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. Quest Partners LLC bought a new position in shares of Arch Resources during the 3rd quarter valued at approximately $50,000. Blue Trust Inc. increased its stake in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Arch Resources in the 2nd quarter worth approximately $55,000. Finally, KBC Group NV lifted its stake in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares during the last quarter. 88.14% of the stock is owned by hedge funds and other 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.