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

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

Several other equities analysts have also recently issued reports on ARCH. Benchmark reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. B. Riley reduced their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Finally, Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and upped their target price for the company 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $173.60.

Arch Resources Trading Down 0.7 %

NYSE ARCH opened at $174.37 on Wednesday. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The stock’s fifty day moving average price is $148.48 and its 200-day moving average price is $148.01. The stock has a market cap of $3.16 billion, a P/E ratio of 18.32 and a beta of 0.59.

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 the consensus estimate of $1.83 by ($2.17). The firm had revenue of $617.90 million for the quarter, compared to analysts’ expectations 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 for the quarter was down 17.0% compared to the same quarter last year. During the same period last year, the company posted $3.91 earnings per share. As a group, analysts forecast that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is currently owned by insiders.

Institutional Trading of Arch Resources

Several hedge funds have recently bought and sold shares of ARCH. Pacer Advisors Inc. boosted its position in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. FMR LLC boosted its holdings in Arch Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after buying an additional 404,249 shares during the period. American Century Companies Inc. increased its stake in Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after buying an additional 59,072 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after acquiring an additional 3,073 shares during the period. 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.