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

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

Other equities research analysts have also recently issued research reports about the stock. Benchmark reiterated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $144.00 on Friday. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The firm’s 50-day moving average is $135.30 and its 200 day moving average is $147.52. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 10.46 and a beta of 0.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Arch Resources by 13.9% during the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after purchasing an additional 286,359 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock worth $148,146,000 after acquiring an additional 58,821 shares during the period. Maple Rock Capital Partners Inc. raised its position in Arch Resources by 3.0% in the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock worth $84,003,000 after acquiring an additional 15,000 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares during the last quarter. Hedge funds and other 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.