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

Stock analysts at StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the energy company’s stock.

Several other analysts have also recently commented on the stock. Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a report on Friday, July 26th. 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of NYSE:ARCH opened at $135.06 on Wednesday. The company’s fifty day moving average is $130.35 and its two-hundred day moving average is $149.99. The company has a market cap of $2.45 billion, a P/E ratio of 7.94 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 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 posted its quarterly earnings results on Thursday, July 25th. The energy company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.50). The business had revenue of $608.75 million for the quarter, compared to analyst estimates of $562.23 million. Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 earnings per share. Equities analysts expect that Arch Resources will post 10.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arch Resources

Institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its holdings in Arch Resources by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after buying an additional 90 shares in the last quarter. CWM LLC lifted its holdings in 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 last quarter. AlphaMark Advisors LLC boosted its position in Arch Resources by 6.6% during the second quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares during the period. Linden Thomas Advisory Services LLC grew its holdings in Arch Resources by 1.4% during the second quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Arch Resources by 6.5% in the second quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after purchasing an additional 137 shares during the period. 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.