Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a report issued on Wednesday. The firm set a “hold” rating on the energy company’s stock.

ARCH has been the subject of several other research reports. B. Riley cut their price target on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Benchmark reissued a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, Jefferies Financial Group downgraded shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Performance

ARCH opened at $174.37 on Wednesday. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 18.32 and a beta of 0.59. The company has a fifty day moving average of $148.48 and a 200 day moving average of $148.01. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $587.71 million. During the same period last year, the company earned $3.91 EPS. The firm’s revenue for the quarter was down 17.0% on a year-over-year basis. On average, equities research analysts forecast that Arch Resources will post 5.86 earnings per share for the current year.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of Arch Resources 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 completion of the transaction, the vice president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is currently owned by insiders.

Institutional Trading of Arch Resources

Several institutional investors have recently added to or reduced their stakes in ARCH. Sanctuary Advisors LLC grew its position in Arch Resources by 10.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock valued at $353,000 after acquiring an additional 238 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after purchasing an additional 3,073 shares during the period. Vestcor Inc grew its holdings in shares of Arch Resources by 48.2% in the third quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock worth $743,000 after purchasing an additional 1,749 shares during the last quarter. Barclays PLC increased its stake in Arch Resources by 143.8% in the 3rd quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after buying an additional 30,437 shares during the period. Finally, MML Investors Services LLC purchased a new position in Arch Resources in the 3rd quarter worth about $260,000. 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.