Arch Resources' (ARCH) "Buy" Rating Reiterated at Benchmark

Arch Resources (NYSE:ARCH - Get Free Report)'s stock had its "buy" rating restated by equities researchers at Benchmark in a research note issued to investors on Monday,Benzinga reports. They currently have a $180.00 target price on the energy company's stock. Benchmark's price target indicates a potential upside of 8.07% from the company's previous close.

A number of other research firms have also recently issued reports on ARCH. StockNews.com started coverage on shares of Arch Resources in a research note on Monday, November 11th. They set a "hold" rating for the company. Jefferies Financial Group lowered shares of Arch Resources from a "buy" rating to a "hold" rating and boosted their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Finally, B. Riley cut their price target on shares of Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $173.60.

Arch Resources Trading Up 1.5 %

ARCH traded up $2.42 on Monday, hitting $166.56. 295,772 shares of the company's stock were exchanged, compared to its average volume of 402,695. The stock has a fifty day moving average of $141.93 and a two-hundred day moving average of $147.47. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The firm has a market cap of $3.02 billion, a PE ratio of 17.50 and a beta of 0.59.

Arch Resources (NYSE:ARCH - Get Free Report) last released 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). The firm had revenue of $617.90 million for 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 was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.91 EPS. On average, analysts predict that Arch Resources will post 5.86 EPS for the current year.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its stake in shares of 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 acquiring an additional 99 shares during the last quarter. Quest Partners LLC acquired a new stake in Arch Resources during the 3rd quarter worth approximately $50,000. Blue Trust Inc. raised its stake in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after buying an additional 330 shares in the last quarter. Innealta Capital LLC purchased a new position in Arch Resources in the 2nd quarter valued at approximately $55,000. Finally, KBC Group NV increased its position in Arch Resources by 43.3% during the third quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after buying an additional 172 shares in the last quarter. Institutional investors and hedge funds 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.