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

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

Several other research analysts have also recently weighed in on ARCH. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and upped their price objective for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $141.62 on Monday. The firm has a fifty day moving average price of $155.57 and a two-hundred day moving average price of $145.24. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 14.88 and a beta of 0.69. Arch Resources has a one year low of $116.44 and a one year high of $187.60.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.83 by ($2.17). The business had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. Arch Resources’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.91 EPS. Equities research analysts expect that Arch Resources will post 5.86 EPS for the current fiscal year.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.40% of the stock is owned by corporate insiders.

Institutional Trading of Arch Resources

Several hedge funds and other institutional investors have recently bought and sold shares of ARCH. FMR LLC increased its stake in shares of Arch Resources by 159.5% in the third quarter. FMR LLC now owns 657,654 shares of the energy company’s stock worth $90,862,000 after buying an additional 404,249 shares during the period. Holocene Advisors LP raised its stake in shares of Arch Resources by 422.4% during the third quarter. Holocene Advisors LP now owns 250,349 shares of the energy company’s stock valued at $34,588,000 after acquiring an additional 202,425 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock worth $152,396,000 after purchasing an additional 119,505 shares during the period. First Eagle Investment Management LLC bought a new stake in shares of Arch Resources in the second quarter worth about $11,813,000. Finally, Point72 Asset Management L.P. purchased a new position in Arch Resources during the 3rd quarter valued at about $9,828,000. 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.