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

Research analysts at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued on Wednesday. The firm set a “hold” rating on the energy company’s stock.

Several other research analysts have also recently issued reports on the company. Benchmark reaffirmed a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group raised Arch Resources from a “hold” rating to a “buy” rating and decreased their target price for the company from $165.00 to $150.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Arch Resources currently has an average rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Price Performance

ARCH opened at $134.83 on Wednesday. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69. The business has a fifty day moving average price of $150.80 and a 200 day moving average price of $143.61.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. During the same period in the previous year, the firm earned $3.91 earnings per share. The company’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, research analysts anticipate that Arch Resources will post 5.02 earnings per share for the current year.

Hedge Funds Weigh In On Arch Resources

Large investors have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Arch Resources during the 3rd quarter worth approximately $50,000. KBC Group NV raised its stake in shares of Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after buying an additional 172 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after buying an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC purchased a new position in shares of Arch Resources during the 3rd quarter worth approximately $157,000. 88.14% of the stock is 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.