Arch Resources (NYSE:ARCH) Now Covered by StockNews.com

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

ARCH has been the subject of several other research reports. B. Riley decreased their price target on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a report on Friday, September 6th. Benchmark reiterated a "buy" rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $175.75.

Arch Resources Stock Up 0.8 %

Shares of NYSE:ARCH traded up $1.11 during trading on Friday, reaching $142.21. 166,368 shares of the stock were exchanged, compared to its average volume of 401,540. The stock has a fifty day moving average of $133.25 and a two-hundred day moving average of $148.07. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 8.37 and a beta of 0.60.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $1.31 by ($0.50). The business had revenue of $608.75 million during the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm's quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the business posted $4.04 earnings per share. Research analysts anticipate that Arch Resources will post 8.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Arch Resources

In related news, VP Deck Slone sold 253 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were 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 owns 29,120 shares in the company, valued at approximately $4,215,120. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.40% of the company's stock.

Hedge Funds Weigh In On Arch Resources

Several institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Arch Resources by 94.0% in the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company's stock worth $2,249,000 after purchasing an additional 6,778 shares in the last quarter. Natixis bought a new stake in Arch Resources during the 1st quarter valued at $2,892,000. Denali Advisors LLC purchased a new stake in shares of Arch Resources during the first quarter worth $2,428,000. Vanguard Group Inc. boosted its holdings in shares of Arch Resources by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company's stock worth $342,037,000 after acquiring an additional 219,094 shares during the period. Finally, Comerica Bank grew its position in shares of Arch Resources by 29.6% in the first quarter. Comerica Bank now owns 22,551 shares of the energy company's stock valued at $3,626,000 after purchasing an additional 5,153 shares in the last quarter. 88.14% of the stock is owned by institutional investors.

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.