Arch Resources (NYSE:ARCH) Earns Buy Rating from Benchmark

Arch Resources (NYSE:ARCH)‘s stock had its “buy” rating restated by equities researchers at Benchmark in a research report issued on Friday, Benzinga reports. They currently have a $180.00 price target on the energy company’s stock. Benchmark’s target price suggests a potential upside of 27.94% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Citigroup reiterated a “neutral” rating and set a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. B. Riley dropped their target price on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources Trading Down 0.2 %

NYSE:ARCH traded down $0.35 during trading hours on Friday, hitting $140.69. 212,457 shares of the stock were exchanged, compared to its average volume of 399,169. The company’s 50 day moving average is $160.80 and its two-hundred day moving average is $164.47. Arch Resources has a twelve month low of $111.52 and a twelve month high of $187.60. The company has a quick ratio of 1.89, a current ratio of 2.64 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $2.55 billion, a P/E ratio of 8.28 and a beta of 0.63.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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). Arch Resources had a return on equity of 22.32% and a net margin of 10.89%. The firm had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. During the same period in the prior year, the company posted $4.04 EPS. The firm’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Arch Resources will post 13.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently modified their holdings of ARCH. CWM LLC boosted its stake in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after buying an additional 99 shares during the last quarter. Lindbrook Capital LLC lifted its stake in Arch Resources by 99.0% in the 1st quarter. Lindbrook Capital LLC now owns 201 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Arch Resources by 1,900.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after purchasing an additional 190 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in Arch Resources by 188.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after purchasing an additional 132 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in Arch Resources in the 4th quarter valued at about $38,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.