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

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

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

Arch Resources Trading Up 0.7 %

NYSE ARCH opened at $155.80 on Friday. The firm has a market cap of $2.82 billion, a PE ratio of 16.37 and a beta of 0.64. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a 50-day moving average of $155.27 and a 200-day moving average of $148.09.

Arch Resources (NYSE:ARCH) last released 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). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. During the same period last year, the company posted $3.91 EPS. The business’s revenue for the quarter was down 17.0% compared to the same quarter last year. As a group, equities research analysts forecast that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was 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 0.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. grew its position in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after buying an additional 330 shares during the period. Innealta Capital LLC bought a new position in Arch Resources in the second quarter worth approximately $55,000. Quest Partners LLC purchased a new position in shares of Arch Resources during the 3rd quarter worth $50,000. Finally, KBC Group NV grew its position 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 valued at $79,000 after acquiring an additional 172 shares during the period. 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.