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

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

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

Arch Resources Stock Performance

Shares of ARCH stock opened at $173.36 on Wednesday. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market capitalization of $3.14 billion, a PE ratio of 18.21 and a beta of 0.59. The stock’s 50-day simple moving average is $150.32 and its 200-day simple moving average is $148.36.

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

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Arch Resources

Several institutional investors have recently modified their holdings of the stock. CWM LLC increased its position in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Quest Partners LLC acquired a new stake in Arch Resources during the 3rd quarter worth $50,000. Blue Trust Inc. grew its holdings in shares of Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after buying an additional 330 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Arch Resources in the second quarter valued at about $55,000. Finally, KBC Group NV raised its position in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds 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.