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

Equities researchers at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the energy company’s stock.

A number of other equities analysts have also recently weighed in on the stock. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. B. Riley decreased their price objective 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. Finally, Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 2.4 %

Shares of Arch Resources stock opened at $164.21 on Thursday. The company has a fifty day moving average price of $153.29 and a 200 day moving average price of $148.55. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 17.25 and a beta of 0.64.

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

Insider Transactions at Arch Resources

In other news, VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its stake in 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 acquiring an additional 99 shares during the period. Quest Partners LLC acquired a new stake in Arch Resources during the third quarter worth about $50,000. Blue Trust Inc. increased its stake in shares of Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the period. Innealta Capital LLC acquired a new stake in shares of Arch Resources in the second quarter valued at approximately $55,000. Finally, KBC Group NV increased its stake 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 purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

Arch Resources Company Profile

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.