Arch Resources’ (ARCH) Buy Rating Reaffirmed at Benchmark

Arch Resources (NYSE:ARCH)‘s stock had its “buy” rating restated by Benchmark in a research report issued on Monday, Benzinga reports. They presently have a $180.00 price objective on the energy company’s stock. Benchmark’s price objective points to a potential upside of 14.77% from the company’s current price.

Other research analysts have also issued research reports about the company. B. Riley decreased their target price on Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday, April 15th. Citigroup reissued a “neutral” rating and issued a $170.00 target price (down previously from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. BMO Capital Markets reissued a “market perform” rating and issued a $165.00 target price (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, StockNews.com lowered Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three 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 stock presently has an average rating of “Hold” and an average price target of $177.00.

Arch Resources Trading Down 2.8 %

ARCH opened at $156.84 on Monday. The business has a 50 day simple moving average of $164.30 and a two-hundred day simple moving average of $163.62. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 6.52 and a beta of 0.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. Arch Resources has a one year low of $102.42 and a one year high of $187.60.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Thursday, February 15th. The energy company reported $6.07 EPS for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The business had revenue of $774.00 million for the quarter, compared to the consensus estimate of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $23.18 EPS. Analysts predict that Arch Resources will post 14.84 EPS for the current year.

Insider Activity at Arch Resources

In related news, VP John A. Ziegler sold 148 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total transaction of $25,504.84. Following the completion of the transaction, the vice president now owns 23,232 shares of the company’s stock, valued at approximately $4,003,570.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arch Resources news, VP John A. Ziegler sold 270 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $169.64, for a total transaction of $45,802.80. Following the sale, the vice president now directly owns 24,237 shares in the company, valued at approximately $4,111,564.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP John A. Ziegler sold 148 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the sale, the vice president now owns 23,232 shares in the company, valued at $4,003,570.56. The disclosure for this sale can be found here. Insiders sold a total of 104,335 shares of company stock valued at $19,126,100 in the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of ARCH. Victory Capital Management Inc. boosted its stake in shares of Arch Resources by 1,196.2% in the 3rd quarter. Victory Capital Management Inc. now owns 261,725 shares of the energy company’s stock worth $44,666,000 after buying an additional 241,534 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Arch Resources by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock worth $342,037,000 after buying an additional 219,094 shares during the last quarter. KGH Ltd purchased a new position in shares of Arch Resources in the 3rd quarter worth $18,431,000. PM CAPITAL Ltd purchased a new position in shares of Arch Resources in the 3rd quarter worth $17,764,000. Finally, Regal Partners Ltd purchased a new position in shares of Arch Resources in the 3rd quarter worth $14,396,000. 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.