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

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

A number of other brokerages have also recently issued reports on ARCH. 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 report on Friday, September 6th. Benchmark restated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Finally, Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Arch Resources has a consensus rating of “Hold” and an average price target of $173.60.

Arch Resources Trading Down 4.1 %

NYSE ARCH opened at $137.73 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 14.47 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 company has a 50 day moving average of $156.34 and a 200-day moving average of $146.84.

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 the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The business’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.91 EPS. On average, analysts forecast that Arch Resources will post 5.86 earnings per share for the current year.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the 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 directly owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors have recently made changes to their positions in ARCH. FMR LLC boosted its position in shares of Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after purchasing an additional 404,249 shares in the last quarter. Holocene Advisors LP boosted its holdings in shares of Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock worth $34,588,000 after buying an additional 202,425 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after buying an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in shares of Arch Resources during the 2nd quarter worth approximately $11,813,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Arch Resources in the 3rd quarter valued at $9,828,000. Institutional investors 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.