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

Stock analysts at StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued on Sunday. The firm set a “hold” rating on the energy company’s stock.

Other analysts have also recently issued 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 on the stock in a report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $136.56 on Friday. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The business has a 50-day moving average of $155.75 and a 200-day moving average of $146.02. The company has a market capitalization of $2.47 billion, a PE ratio of 14.34 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last issued 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). The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. Arch Resources’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.91 EPS. On average, equities analysts expect that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 29,120 shares in the company, 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 filing with the SEC, which can be accessed through this link. 5.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quest Partners LLC acquired a new stake in Arch Resources in the third quarter worth about $50,000. KBC Group NV lifted its stake in shares of Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares during the period. Blue Trust Inc. boosted its holdings in shares of Arch Resources by 191.1% in the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after acquiring an additional 642 shares in the last quarter. Westchester Capital Management LLC acquired a new position in shares of Arch Resources during the third quarter valued at approximately $157,000. Finally, Mackenzie Financial Corp bought a new stake in Arch Resources during the second quarter worth approximately $218,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

About Arch Resources

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.