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 report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the energy company’s stock.

A number of other equities research analysts have also issued reports on the company. B. Riley lowered their target price 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. Benchmark restated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Trading Up 0.1 %

NYSE ARCH opened at $128.38 on Tuesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 7.55 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company’s 50 day moving average price is $132.87 and its 200 day moving average price is $151.64.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, July 25th. The energy company reported $0.81 EPS 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 business had revenue of $608.75 million during the quarter, compared to analysts’ expectations of $562.23 million. During the same period in the prior year, the business posted $4.04 EPS. The business’s revenue was down 19.6% on a year-over-year basis. On average, sell-side analysts predict that Arch Resources will post 10.73 EPS for the current year.

Institutional Investors Weigh In On Arch Resources

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in Arch Resources during the 2nd quarter worth $381,000. Teachers Retirement System of The State of Kentucky grew its stake in Arch Resources by 64.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,250 shares of the energy company’s stock worth $951,000 after purchasing an additional 2,450 shares in the last quarter. Creative Planning increased its holdings in Arch Resources by 59.8% in the second quarter. Creative Planning now owns 2,712 shares of the energy company’s stock valued at $413,000 after buying an additional 1,015 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in Arch Resources during the second quarter valued at approximately $218,000. Finally, Maverick Capital Ltd. bought a new position in Arch Resources during the 2nd quarter worth approximately $957,000. 88.14% of the stock is currently owned by hedge funds and other 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.