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 report released on Friday. The brokerage set a “hold” rating on the energy company’s stock.

Other research analysts also recently issued research reports about the company. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and increased their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, B. Riley lowered their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Four research 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 company currently has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Performance

Shares of ARCH stock opened at $154.23 on Friday. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The firm’s 50-day simple moving average is $156.01 and its two-hundred day simple moving average is $148.02. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of 16.19 and a beta of 0.64.

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

Insider Activity

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWM LLC grew its stake in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after acquiring an additional 330 shares during the last quarter. Innealta Capital LLC purchased a new position in Arch Resources in the second quarter worth $55,000. Quest Partners LLC purchased a new position in Arch Resources in the third quarter worth $50,000. Finally, KBC Group NV increased its stake in Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after acquiring an additional 172 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors.

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.