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

Analysts at StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH - Get Free Report) in a research note issued to investors on Tuesday. The firm set a "hold" rating on the energy company's stock.

ARCH has been the subject of several other reports. Benchmark restated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday. 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. Finally, B. Riley lowered their target price on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research report on Friday, September 6th. Four 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, Arch Resources currently has an average rating of "Hold" and an average price target of $173.60.

Arch Resources Price Performance

Shares of Arch Resources stock traded up $1.30 during midday trading on Tuesday, reaching $167.57. The company had a trading volume of 268,649 shares, compared to its average volume of 401,920. The stock has a fifty day moving average price of $142.84 and a 200 day moving average price of $147.53. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market cap of $3.03 billion, a PE ratio of 17.25 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last issued 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 firm had revenue of $617.90 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $3.91 EPS. As a group, sell-side analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Insider Buying and Selling

In other news, VP Deck Slone sold 253 shares of the company's stock in a transaction that occurred 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 transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CWM LLC increased its position in Arch Resources by 132.0% in the second quarter. CWM LLC now owns 174 shares of the energy company's stock worth $26,000 after buying an additional 99 shares during the last quarter. Quest Partners LLC bought a new stake in Arch Resources in the 3rd quarter valued at about $50,000. Blue Trust Inc. lifted its holdings in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock valued at $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC bought a new position in Arch Resources during the second quarter worth about $55,000. Finally, KBC Group NV increased its stake in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after purchasing an additional 172 shares in the last quarter. 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.