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

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

ARCH has been the subject of a number of other reports. B. Riley dropped their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Finally, Benchmark reissued a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Price Performance

NYSE ARCH opened at $137.73 on Friday. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market capitalization of $2.49 billion, a P/E ratio of 14.47 and a beta of 0.64. The firm’s 50-day moving average is $156.34 and its two-hundred day moving average is $147.11.

Arch Resources (NYSE:ARCH) last posted 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). 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 for the quarter, compared to analysts’ expectations of $587.71 million. During the same period in the previous year, the business posted $3.91 EPS. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of the firm’s 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 sale, the vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ARCH. Quest Partners LLC acquired a new position in Arch Resources during the third quarter worth approximately $50,000. Innealta Capital LLC purchased a new position in shares of Arch Resources during the 2nd quarter worth approximately $55,000. KBC Group NV grew its holdings in 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 during the period. Blue Trust Inc. raised its position in Arch Resources by 191.1% in the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after acquiring an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC acquired a new stake in Arch Resources in the third quarter valued at $157,000. Institutional investors and hedge funds 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.