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

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

Several other equities analysts also recently weighed in on ARCH. B. Riley lowered 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. Benchmark reaffirmed a "buy" rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Arch Resources presently has an average rating of "Hold" and a consensus target price of $175.75.

Arch Resources Trading Up 1.3 %

NYSE ARCH traded up $2.16 during trading hours on Monday, hitting $170.55. 420,560 shares of the company's stock traded hands, compared to its average volume of 403,226. The business's fifty day moving average price is $138.13 and its two-hundred day moving average price is $147.34. The firm has a market capitalization of $3.09 billion, a P/E ratio of 17.69 and a beta of 0.59. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its 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 business had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same quarter last year, the firm posted $3.91 earnings per share. The business's quarterly revenue was down 17.0% compared to the same quarter last year. On average, sell-side analysts expect that Arch Resources will post 7.84 EPS for the current fiscal year.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $144.75, for a total transaction of $36,621.75. Following the sale, the vice president now owns 29,120 shares of the company's stock, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.40% of the company's stock.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently bought and sold shares of the business. Natixis bought a new position in Arch Resources during the first quarter valued at $2,892,000. Comerica Bank grew its holdings 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 worth $3,626,000 after purchasing an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Arch Resources in the second quarter worth about $8,700,000. Virtu Financial LLC bought a new position in shares of Arch Resources in the first quarter worth about $604,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of Arch Resources in the first quarter worth about $2,270,000. 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.