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

Investment analysts at StockNews.com started coverage on shares of Arch Resources (NYSE:ARCH) in a research note issued on Sunday. The firm set a “hold” rating on the energy company’s stock.

Several other brokerages have also issued reports on ARCH. Benchmark reissued a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. B. Riley lowered their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday. Three research 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.com, the stock presently has an average rating of “Hold” and an average price target of $175.75.

Arch Resources Stock Up 0.6 %

Shares of NYSE ARCH opened at $121.05 on Friday. The firm has a market cap of $2.19 billion, a PE ratio of 7.12 and a beta of 0.60. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The company’s fifty day simple moving average is $140.25 and its 200 day simple moving average is $154.93. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.07.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.50). The company had revenue of $608.75 million for the quarter, compared to the consensus estimate of $562.23 million. Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The firm’s revenue was down 19.6% compared to the same quarter last year. During the same period in the prior year, the company earned $4.04 earnings per share. As a group, sell-side analysts forecast that Arch Resources will post 12.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC purchased a new stake in shares of Arch Resources in the second quarter valued at about $381,000. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Arch Resources by 64.5% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 6,250 shares of the energy company’s stock valued at $951,000 after purchasing an additional 2,450 shares during the last quarter. Creative Planning raised its holdings in shares of Arch Resources by 59.8% in the second quarter. Creative Planning now owns 2,712 shares of the energy company’s stock valued at $413,000 after purchasing an additional 1,015 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Arch Resources in the second quarter valued at about $218,000. Finally, Maverick Capital Ltd. purchased a new stake in shares of Arch Resources in the second quarter valued at about $957,000. Institutional investors and hedge funds 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.