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

Research analysts at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the energy company's stock.

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

Arch Resources Stock Performance

Arch Resources stock traded up $0.26 during midday trading on Thursday, reaching $164.44. The company's stock had a trading volume of 123,637 shares, compared to its average volume of 393,582. The stock's 50 day simple moving average is $153.29 and its 200 day simple moving average is $148.55. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.25 and a beta of 0.64. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

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

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.40% of the company's stock.

Hedge Funds Weigh In On Arch Resources

Large investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in Arch Resources during the 3rd quarter valued at about $1,488,000. Envestnet Asset Management Inc. purchased a new position in Arch Resources during the 2nd quarter valued at about $8,700,000. Maverick Capital Ltd. lifted its stake in Arch Resources by 55.8% in the third quarter. Maverick Capital Ltd. now owns 9,795 shares of the energy company's stock worth $1,353,000 after acquiring an additional 3,510 shares during the period. Mork Capital Management LLC raised its stake in Arch Resources by 50.0% in the third quarter. Mork Capital Management LLC now owns 15,000 shares of the energy company's stock worth $2,072,000 after buying an additional 5,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Arch Resources by 437.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 62,433 shares of the energy company's stock worth $8,626,000 after acquiring an additional 50,819 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.