Arch Resources (NYSE:ARCH) Receives “Buy” Rating from Benchmark

Arch Resources (NYSE:ARCH)‘s stock had its “buy” rating restated by equities research analysts at Benchmark in a research report issued on Monday,Benzinga reports. They presently have a $180.00 target price on the energy company’s stock. Benchmark’s price target points to a potential upside of 7.82% from the stock’s current price.

Several other analysts have also commented on ARCH. B. Riley lowered their price objective on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. StockNews.com initiated coverage on shares of Arch Resources in a report on Monday, November 11th. They set a “hold” rating for the company. Finally, Jefferies Financial Group lowered shares of Arch Resources from a “buy” rating to a “hold” rating and lifted their target price for the company from $155.00 to $165.00 in a report on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Arch Resources has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Stock Performance

Shares of NYSE ARCH traded up $2.80 during trading hours on Monday, hitting $166.94. The company’s stock had a trading volume of 73,020 shares, compared to its average volume of 401,696. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 17.50 and a beta of 0.59. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The business has a 50-day simple moving average of $141.93 and a 200-day simple moving average of $147.47.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same quarter last year, the business earned $3.91 earnings per share. The business’s quarterly revenue was down 17.0% on a year-over-year basis. On average, equities research analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its position in shares of Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after acquiring an additional 90 shares during the period. CWM LLC grew its position in shares of Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. AlphaMark Advisors LLC grew its position in shares of Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after acquiring an additional 121 shares during the period. Linden Thomas Advisory Services LLC grew its position in shares of Arch Resources by 1.4% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after acquiring an additional 127 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock valued at $343,000 after acquiring an additional 137 shares during the period. 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.