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

Investment analysts at StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the energy company’s stock.

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

Arch Resources Price Performance

Shares of NYSE ARCH opened at $137.73 on Friday. The company has a 50-day moving average price of $156.34 and a 200-day moving average price of $146.84. The stock has a market capitalization of $2.49 billion, a P/E ratio of 14.47 and a beta of 0.64. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same quarter last year, the business posted $3.91 earnings per share. Arch Resources’s revenue was down 17.0% on a year-over-year basis. As a group, equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the 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 represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently modified their holdings of ARCH. Innealta Capital LLC purchased a new position in Arch Resources during the second quarter worth about $55,000. Quest Partners LLC purchased a new position in shares of Arch Resources during the third quarter worth about $50,000. KBC Group NV grew its holdings in shares of 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 purchasing an additional 172 shares in the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 642 shares during the last quarter. Finally, Westchester Capital Management LLC purchased a new stake in Arch Resources in the third quarter valued at approximately $157,000. 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.