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

Analysts at StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a report released on Sunday. The brokerage set a “hold” rating on the energy company’s stock.

Other research analysts have also recently issued reports about the stock. B. Riley lowered their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock 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 cut Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a research report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $140.20 on Friday. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The stock has a market capitalization of $2.54 billion, a PE ratio of 14.73 and a beta of 0.64. The company’s 50-day moving average price is $155.70 and its two-hundred day moving average price is $145.81.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) 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 analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.91 EPS. On average, analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred on 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 owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Arch Resources by 7.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock valued at $17,924,000 after acquiring an additional 8,976 shares in the last quarter. Franklin Resources Inc. increased its stake in Arch Resources by 7.4% in the third quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock valued at $1,785,000 after purchasing an additional 843 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Arch Resources by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after purchasing an additional 238 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after purchasing an additional 3,073 shares in the last quarter. Finally, Vestcor Inc increased its position in Arch Resources by 48.2% in the 3rd quarter. Vestcor Inc now owns 5,381 shares of the energy company’s stock valued at $743,000 after buying an additional 1,749 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.