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

StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a report issued on Tuesday. The firm set a “hold” rating on the energy company’s stock.

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

Arch Resources Stock Down 0.3 %

NYSE ARCH opened at $167.01 on Tuesday. The company has a 50 day moving average price of $143.78 and a 200 day moving average price of $147.57. The firm has a market cap of $3.02 billion, a PE ratio of 17.60 and a beta of 0.59. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $587.71 million. During the same quarter last year, the business earned $3.91 EPS. The firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARCH. Sei Investments Co. grew its stake in shares of Arch Resources by 15.1% during the 1st quarter. Sei Investments Co. now owns 14,874 shares of the energy company’s stock valued at $2,392,000 after buying an additional 1,956 shares during the period. Avantax Advisory Services Inc. grew its position in Arch Resources by 28.4% during the first quarter. Avantax Advisory Services Inc. now owns 1,874 shares of the energy company’s stock valued at $301,000 after acquiring an additional 414 shares during the period. ProShare Advisors LLC increased its stake in Arch Resources by 22.1% during the first quarter. ProShare Advisors LLC now owns 3,639 shares of the energy company’s stock worth $585,000 after acquiring an additional 658 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock worth $377,465,000 after purchasing an additional 286,359 shares during the period. Finally, Seven Eight Capital LP acquired a new position in shares of Arch Resources in the 1st quarter valued at about $340,000. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.