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

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

A number of other brokerages have also recently weighed in on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Piper Sandler raised Arch Resources from a “neutral” rating to an “overweight” rating and cut their price target for the company from $165.00 to $150.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised shares of Arch Resources from a “hold” rating to a “buy” rating and lowered their target price for the stock from $165.00 to $150.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Arch Resources currently has a consensus rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $134.83 on Thursday. The business has a 50 day moving average price of $148.36 and a 200 day moving average price of $142.76. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 14.16 and a beta of 0.69. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results 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 for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm’s quarterly revenue was down 17.0% compared to the same quarter last year. During the same period last year, the business earned $3.91 earnings per share. Analysts anticipate that Arch Resources will post 5.02 EPS for the current year.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after buying an additional 143 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Arch Resources in the third quarter valued at approximately $50,000. KBC Group NV boosted its stake 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 worth $79,000 after acquiring an additional 172 shares during the period. Blue Trust Inc. increased its holdings in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock worth $149,000 after acquiring an additional 642 shares during the last quarter. Finally, Westchester Capital Management LLC bought a new stake in Arch Resources in the 3rd quarter valued at $157,000. 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.