Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

Several other brokerages have also commented on ARCH. B. Riley dropped 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. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

NYSE:ARCH opened at $137.73 on Friday. The company has a 50 day moving average price of $156.34 and a 200-day moving average price of $147.11. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 14.47 and a beta of 0.64.

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

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its holdings in shares of Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after acquiring an additional 90 shares during the period. Bank of New York Mellon Corp boosted its holdings in Arch Resources by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 176,014 shares of the energy company’s stock valued at $26,795,000 after purchasing an additional 2,910 shares during the last quarter. Innealta Capital LLC acquired a new position in Arch Resources in the 2nd quarter valued at about $55,000. TrueMark Investments LLC purchased a new stake in shares of Arch Resources in the 2nd quarter valued at approximately $981,000. Finally, Empirical Finance LLC increased its holdings in shares of Arch Resources by 135.8% during the 2nd quarter. Empirical Finance LLC now owns 6,441 shares of the energy company’s stock worth $981,000 after buying an additional 3,709 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.