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

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

Other equities analysts have also recently issued reports about the company. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Finally, Jefferies Financial Group downgraded Arch Resources from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 0.5 %

NYSE:ARCH opened at $136.56 on Friday. The company has a 50-day moving average of $155.75 and a 200-day moving average of $146.02. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 14.34 and a beta of 0.64. 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) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.91 earnings per share. On average, research analysts forecast that Arch Resources will post 5.86 earnings per share for the current year.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The shares were 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 of the company’s stock, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds have recently modified their holdings of the stock. Quest Partners LLC acquired a new position in Arch Resources in the third quarter worth approximately $50,000. KBC Group NV lifted 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. Blue Trust Inc. grew 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. Westchester Capital Management LLC acquired a new position in shares of Arch Resources during the 3rd quarter worth $157,000. Finally, Mackenzie Financial Corp bought a new position in shares of Arch Resources during the 2nd quarter valued at $218,000. 88.14% of the stock is owned by institutional investors and hedge funds.

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.