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

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

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

Arch Resources Stock Performance

NYSE ARCH opened at $134.83 on Thursday. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The company has a fifty day simple moving average of $146.93 and a two-hundred day simple moving average of $142.65. The stock has a market cap of $2.44 billion, a P/E ratio of 14.16 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last issued its earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) 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 return on equity of 13.22% and a net margin of 6.69%. The business’s revenue was down 17.0% on a year-over-year basis. During the same quarter last year, the business earned $3.91 EPS. As a group, sell-side analysts forecast that Arch Resources will post 5.02 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Arch Resources by 340.5% in the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares during the period. Quest Partners LLC purchased a new stake in shares of Arch Resources in the third quarter valued at approximately $50,000. KBC Group NV raised 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 buying an additional 172 shares during the period. Blue Trust Inc. lifted its position 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 valued at $149,000 after buying an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC acquired 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.