Benchmark Reaffirms Buy Rating for Arch Resources (NYSE:ARCH)

Arch Resources (NYSE:ARCH)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a report issued on Monday,Benzinga reports. They currently have a $180.00 price target on the energy company’s stock. Benchmark’s target price points to a potential upside of 7.82% from the company’s current price.

Several other analysts have also recently commented on the stock. B. Riley decreased their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a research report on Monday, November 11th. They set a “hold” rating on the stock. 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 report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $173.60.

Arch Resources Trading Up 1.7 %

Shares of ARCH traded up $2.80 during trading hours on Monday, reaching $166.94. 73,020 shares of the stock traded hands, compared to its average volume of 401,696. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company’s 50-day moving average price is $141.93 and its two-hundred day moving average price is $147.47. The company has a market cap of $3.02 billion, a P/E ratio of 17.50 and a beta of 0.59.

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 the consensus estimate of $1.83 by ($2.17). The company 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 firm’s revenue for the quarter was down 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.91 EPS. On average, research analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Insider Activity

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the transaction, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after buying an additional 286,359 shares during the period. Pacer Advisors Inc. grew its position in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares during the period. Dimensional Fund Advisors LP grew its position in Arch Resources by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares during the period. FMR LLC grew its position in Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after buying an additional 404,249 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its position in Arch Resources by 3.0% during the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.