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

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

ARCH has been the subject of a number of other research reports. B. Riley decreased 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. Benchmark reiterated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Stock Performance

NYSE ARCH opened at $121.05 on Friday. Arch Resources has a 52-week low of $116.44 and a 52-week high of $187.60. The company has a 50-day simple moving average of $140.25 and a 200 day simple moving average of $154.93. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market capitalization of $2.19 billion, a PE ratio of 7.12 and a beta of 0.60.

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 analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a return on equity of 17.91% and a net margin of 9.24%. The company had revenue of $608.75 million for the quarter, compared to analysts’ expectations of $562.23 million. During the same quarter last year, the business posted $4.04 EPS. The business’s quarterly revenue was down 19.6% on a year-over-year basis. On average, research analysts predict that Arch Resources will post 12.74 EPS for the current year.

Hedge Funds Weigh In On Arch Resources

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Arch Resources by 13.9% in the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after acquiring an additional 286,359 shares during the period. Pacer Advisors Inc. boosted its position in shares of Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after acquiring an additional 119,505 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Arch Resources by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares during the period. Maple Rock Capital Partners Inc. boosted its position in shares of Arch Resources by 3.0% in the first quarter. Maple Rock Capital Partners Inc. now owns 522,439 shares of the energy company’s stock valued at $84,003,000 after acquiring an additional 15,000 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Arch Resources by 14.1% in the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock valued at $72,917,000 after acquiring an additional 59,072 shares during the period. 88.14% of the stock is currently owned by 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.