StockNews.com Initiates Coverage on Arch Resources (NYSE:ARCH)

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

Other equities research analysts also recently issued research reports about the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. B. Riley lowered their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of ARCH stock opened at $135.90 on Wednesday. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock’s 50-day moving average is $130.72 and its 200 day moving average is $150.21. The company has a market cap of $2.46 billion, a P/E ratio of 7.99 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. During the same period in the previous year, the business earned $4.04 EPS. Arch Resources’s revenue for the quarter was down 19.6% compared to the same quarter last year. Research analysts predict that Arch Resources will post 10.73 earnings per share for the current fiscal year.

Institutional Trading of Arch Resources

Several large investors have recently bought and sold shares of ARCH. Goehring & Rozencwajg Associates LLC grew its position in Arch Resources by 4.4% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 45,251 shares of the energy company’s stock worth $7,509,000 after purchasing an additional 1,915 shares during the last quarter. GeoSphere Capital Management LLC increased its stake in shares of Arch Resources by 5.4% in the fourth quarter. GeoSphere Capital Management LLC now owns 49,472 shares of the energy company’s stock worth $8,209,000 after acquiring an additional 2,538 shares during the period. Forest Avenue Capital Management LP increased its stake in shares of Arch Resources by 20.9% in the fourth quarter. Forest Avenue Capital Management LP now owns 113,295 shares of the energy company’s stock worth $18,800,000 after acquiring an additional 19,568 shares during the period. Scarborough Advisors LLC purchased a new position in shares of Arch Resources during the fourth quarter worth $56,000. Finally, Goldman Sachs Group Inc. grew its position in Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after purchasing an additional 16,273 shares during the period. Hedge funds and other institutional investors own 88.14% of the company’s stock.

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.