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

Analysts at StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the energy company’s stock.

A number of other brokerages have also recently issued reports on ARCH. Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and cut their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Piper Sandler upgraded Arch Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Stock Performance

ARCH stock opened at $134.83 on Thursday. The company has a market capitalization of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69. The firm has a 50 day simple moving average of $148.36 and a 200-day simple moving average of $142.76. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $3.91 EPS. On average, research analysts predict that Arch Resources will post 5.02 EPS for the current year.

Institutional Trading of Arch Resources

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Arch Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares during the period. Quest Partners LLC acquired a new position in shares of Arch Resources in the third quarter worth $50,000. KBC Group NV raised its holdings in shares of Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares in the last quarter. Blue Trust Inc. boosted its position in Arch Resources by 191.1% during the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after purchasing an additional 642 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new position in Arch Resources in the third quarter valued at about $157,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.