Arch Resources (NYSE:ARCH) Coverage Initiated by Analysts at StockNews.com

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

Several other equities research analysts also recently commented on the stock. B. Riley decreased their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Trading Down 0.5 %

ARCH opened at $141.69 on Friday. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.07. The company has a market cap of $2.57 billion, a P/E ratio of 8.33 and a beta of 0.60. The company has a fifty day moving average price of $131.65 and a two-hundred day moving average price of $148.46.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The company had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. During the same period last year, the firm posted $4.04 earnings per share. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. Analysts predict that Arch Resources will post 8.62 EPS for the current fiscal year.

Insider Activity

In other news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were 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 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CWM LLC raised its position in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Blue Trust Inc. raised its position in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Arch Resources during the 2nd quarter valued at $55,000. Headlands Technologies LLC purchased a new stake in shares of Arch Resources during the 1st quarter valued at $69,000. Finally, Virtus Investment Advisers Inc. purchased a new position in Arch Resources in the 1st quarter worth $149,000. 88.14% of the stock is owned by 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.