Arch Resources (NYSE:ARCH) Rating Increased to C- at TheStreet

TheStreet upgraded shares of Arch Resources (NYSE:ARCH) from a d+ rating to a c- rating in a research note released on Tuesday morning, TheStreetRatingsTable reports.

Other equities research analysts have also issued research reports about the company. B. Riley boosted their target price on Arch Resources from $87.00 to $120.00 and gave the company a buy rating in a research note on Monday, October 4th. Citigroup raised Arch Resources from a neutral rating to a buy rating and boosted their target price for the company from $62.00 to $110.00 in a research note on Wednesday, September 29th. Finally, Zacks Investment Research raised Arch Resources from a hold rating to a buy rating and set a $58.00 target price for the company in a research note on Friday, July 2nd. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Arch Resources presently has an average rating of Buy and a consensus target price of $85.50.

Shares of ARCH stock opened at $99.01 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.33 and a debt-to-equity ratio of 1.26. The business has a 50-day moving average price of $79.84 and a two-hundred day moving average price of $63.13. Arch Resources has a 12-month low of $27.86 and a 12-month high of $105.58. The firm has a market cap of $1.51 billion, a P/E ratio of -5.98 and a beta of 1.09.

Arch Resources (NYSE:ARCH) last released its earnings results on Monday, July 26th. The energy company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.54. Arch Resources had a negative return on equity of 12.19% and a negative net margin of 16.00%. The company had revenue of $450.40 million during the quarter, compared to analyst estimates of $370.03 million. During the same quarter in the previous year, the company posted ($3.26) EPS. Arch Resources’s revenue for the quarter was up 41.0% on a year-over-year basis. As a group, research analysts expect that Arch Resources will post 13.15 EPS for the current fiscal year.

In other Arch Resources news, Director Patrick J. Bartels, Jr. purchased 750 shares of Arch Resources stock in a transaction that occurred on Wednesday, August 25th. The shares were bought at an average price of $73.53 per share, for a total transaction of $55,147.50. Following the acquisition, the director now directly owns 3,750 shares in the company, valued at $275,737.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.00% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the business. Hancock Whitney Corp grew its holdings in shares of Arch Resources by 4.1% during the 2nd quarter. Hancock Whitney Corp now owns 5,597 shares of the energy company’s stock worth $319,000 after acquiring an additional 222 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Arch Resources by 0.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,265 shares of the energy company’s stock worth $1,838,000 after acquiring an additional 262 shares during the period. FORA Capital LLC purchased a new position in shares of Arch Resources during the 1st quarter worth approximately $42,000. Van ECK Associates Corp grew its holdings in shares of Arch Resources by 265.3% during the 1st quarter. Van ECK Associates Corp now owns 1,516 shares of the energy company’s stock worth $63,000 after acquiring an additional 1,101 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Arch Resources by 3.1% during the 2nd quarter. Invesco Ltd. now owns 49,231 shares of the energy company’s stock worth $2,805,000 after acquiring an additional 1,478 shares during the period.

Arch Resources Company Profile

Arch Resources, Inc engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical and Other Thermal. The Powder River Basin segment contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.

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