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

StockNews.com initiated coverage on shares of Arch Resources (NYSE:ARCH) in a report issued on Saturday morning. The firm issued a hold rating on the energy company’s stock.

Other analysts have also issued research reports about the company. B. Riley lowered their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Three 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, Arch Resources currently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Stock Performance

ARCH opened at $144.59 on Friday. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market cap of $2.62 billion, a P/E ratio of 8.51 and a beta of 0.60. The stock’s 50 day simple moving average is $133.25 and its 200 day simple moving average is $147.95. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the business’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 transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by company insiders.

Institutional Trading of Arch Resources

Several hedge funds and other institutional investors have recently bought and sold shares of ARCH. Janney Montgomery Scott LLC increased its stake in shares of Arch Resources by 94.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock valued at $2,249,000 after acquiring an additional 6,778 shares during the last quarter. Natixis purchased a new position in Arch Resources during the first quarter worth approximately $2,892,000. Denali Advisors LLC acquired a new position in shares of Arch Resources in the 1st quarter valued at $2,428,000. Vanguard Group Inc. grew its stake in shares of Arch Resources by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after buying an additional 219,094 shares during the period. Finally, Comerica Bank increased its holdings in shares of Arch Resources by 29.6% during the 1st quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock worth $3,626,000 after buying an additional 5,153 shares during the last quarter. 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.