Arch Resources (NYSE:ARCH) Earns Hold Rating from Analysts at StockNews.com

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

Several other equities analysts have also recently weighed in on the company. Jefferies Financial Group cut Arch Resources from a “buy” rating to a “hold” rating and raised their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Finally, B. Riley cut their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $140.20 on Friday. The company has a 50-day moving average price of $155.70 and a 200-day moving average price of $145.81. The stock has a market capitalization of $2.54 billion, a P/E ratio of 14.73 and a beta of 0.64. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCH) last released its quarterly 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 company had revenue of $617.90 million for 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%. Arch Resources’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 EPS. As a group, equities research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Several large investors have recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of Arch Resources during the 3rd quarter valued at $1,488,000. Barclays PLC lifted its holdings in shares of Arch Resources by 143.8% in the third quarter. Barclays PLC now owns 51,602 shares of the energy company’s stock worth $7,130,000 after buying an additional 30,437 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Arch Resources in the second quarter valued at approximately $8,700,000. Maverick Capital Ltd. grew its stake in Arch Resources by 55.8% during the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company’s stock valued at $1,353,000 after acquiring an additional 3,510 shares in the last quarter. Finally, Mork Capital Management LLC increased its holdings in Arch Resources by 50.0% during the 3rd quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company’s stock worth $2,072,000 after acquiring an additional 5,000 shares during the period. Hedge funds and other institutional investors 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.