Arch Resources (NYSE:ARCH) Upgraded by Piper Sandler to Overweight Rating

Arch Resources (NYSE:ARCH - Get Free Report) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating in a report issued on Monday, MarketBeat Ratings reports. The firm currently has a $150.00 target price on the energy company's stock, down from their prior target price of $165.00. Piper Sandler's price objective indicates a potential upside of 7.54% from the company's previous close.

ARCH has been the topic of a number of other research reports. Benchmark restated a "buy" rating and set a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. Jefferies Financial Group downgraded shares of 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 report on Wednesday, November 13th. Finally, StockNews.com began coverage on shares of Arch Resources in a report on Monday. They issued a "hold" rating for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $167.17.

Arch Resources Stock Performance

Shares of ARCH stock traded down $3.62 during mid-day trading on Monday, reaching $139.48. 249,683 shares of the company's stock traded hands, compared to its average volume of 213,694. The firm has a market capitalization of $2.53 billion, a PE ratio of 14.65 and a beta of 0.69. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The firm has a 50 day moving average price of $155.76 and a two-hundred day moving average price of $145.42.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings results 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). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The company had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same period in the prior year, the firm posted $3.91 EPS. The business's revenue for the quarter was down 17.0% on a year-over-year basis. As a group, equities analysts expect that Arch Resources will post 5.86 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Resources

In other news, VP Deck Slone sold 253 shares of Arch Resources 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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.40% of the company's stock.

Institutional Investors Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently made changes to their positions in ARCH. Pacer Advisors Inc. raised its position in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock valued at $152,396,000 after purchasing an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company's stock valued at $148,146,000 after acquiring an additional 58,821 shares in the last quarter. FMR LLC lifted its stake in 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 acquiring an additional 404,249 shares during the period. American Century Companies Inc. grew its holdings in Arch Resources by 14.1% during the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company's stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company's stock valued at $57,183,000 after purchasing an additional 3,073 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.