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

Investment analysts at StockNews.com assumed coverage on shares of Arch Resources (NYSE:ARCH) in a research 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. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. B. Riley boosted their price target on shares of Arch Resources from $192.00 to $198.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $178.25.

Arch Resources Price Performance

Shares of NYSE ARCH opened at $136.43 on Friday. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 8.03 and a beta of 0.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm’s 50-day simple moving average is $143.39 and its 200 day simple moving average is $156.57.

Arch Resources (NYSE:ARCH) last posted its earnings results 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 company 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 revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.04 EPS. As a group, research analysts anticipate that Arch Resources will post 12.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC raised its holdings in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after purchasing an additional 99 shares during the period. Lindbrook Capital LLC raised its stake in shares of Arch Resources by 99.0% in the first quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares during the period. Newbridge Financial Services Group Inc. lifted its position in shares of Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after buying an additional 190 shares during the last quarter. Blue Trust Inc. grew 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 acquiring an additional 330 shares during the period. Finally, Innealta Capital LLC purchased a new stake in Arch Resources in the 2nd quarter worth about $55,000. 88.14% of the stock is currently owned by hedge funds and other 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.