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

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

A number of other brokerages have also weighed in on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their price target for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Finally, B. Riley reduced their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $173.60.

Arch Resources Stock Down 0.9 %

Shares of Arch Resources stock opened at $154.23 on Friday. The company’s fifty day simple moving average is $156.01 and its two-hundred day simple moving average is $148.02. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The firm has a market cap of $2.79 billion, a PE ratio of 16.19 and a beta of 0.64.

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

Insider Activity at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently bought and sold shares of ARCH. Pacer Advisors Inc. lifted its position 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 purchasing an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Arch Resources by 6.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares during the last quarter. FMR LLC raised its position in shares of Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after buying an additional 404,249 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after purchasing an additional 59,072 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Arch Resources by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after acquiring an additional 3,073 shares during the last quarter. 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.