Arch Resources (NYSE:ARCH) Stock Rating Upgraded by Piper Sandler

Arch Resources (NYSE:ARCH) was upgraded by research analysts at Piper Sandler from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Monday,Finviz reports. The firm presently has a $150.00 target price on the energy company’s stock, down from their previous target price of $165.00. Piper Sandler’s price target indicates a potential upside of 4.82% from the company’s previous close.

A number of other research analysts have also commented on the stock. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com started coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating for the company. Finally, Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.67.

Arch Resources Trading Up 0.0 %

ARCH opened at $143.10 on Monday. The stock has a market capitalization of $2.59 billion, a P/E ratio of 15.03 and a beta of 0.69. The firm’s fifty day simple moving average is $155.76 and its 200 day simple moving average is $145.42. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results 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). The firm had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. Arch Resources’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.91 earnings per share. On average, equities research analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Insider Transactions at Arch Resources

In other 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 value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

A number of large investors have recently bought and sold shares of ARCH. GAMMA Investing LLC grew its stake in Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Arch Resources by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock worth $17,924,000 after purchasing an additional 8,976 shares in the last quarter. Franklin Resources Inc. grew its position in Arch Resources by 7.4% in the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock valued at $1,785,000 after purchasing an additional 843 shares during the period. Sanctuary Advisors LLC increased its stake in Arch Resources by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock valued at $353,000 after purchasing an additional 238 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after purchasing an additional 3,073 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.