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

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

A number of other research firms also recently issued reports on ARCH. Benchmark reiterated a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and increased their price target for the stock from $155.00 to $165.00 in a research note on Wednesday, November 13th. 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 stock has a consensus rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $141.62 on Monday. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The stock has a market capitalization of $2.56 billion, a P/E ratio of 14.88 and a beta of 0.69. The company’s 50-day moving average is $155.57 and its 200 day moving average is $145.24.

Arch Resources (NYSE:ARCH) last posted 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). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million for the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter last year, the company posted $3.91 EPS. The firm’s revenue was down 17.0% on a year-over-year basis. Research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Insider Activity

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on 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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Arch Resources by 6.5% during the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after purchasing an additional 137 shares during the period. GAMMA Investing LLC lifted its position in shares of Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. KBC Group NV grew 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 valued at $79,000 after acquiring an additional 172 shares during the period. Bank of Montreal Can increased its holdings in Arch Resources by 7.5% in the 2nd quarter. Bank of Montreal Can now owns 3,111 shares of the energy company’s stock worth $474,000 after acquiring an additional 217 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in 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 acquiring an additional 238 shares during the period. 88.14% of the stock is owned by hedge funds and other institutional investors.

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.