Arch Resources (NYSE:ARCH) Stock Rating Reaffirmed by Benchmark

Arch Resources (NYSE:ARCH)‘s stock had its “buy” rating restated by investment analysts at Benchmark in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $180.00 price target on the energy company’s stock. Benchmark’s price objective would suggest a potential upside of 14.77% from the company’s previous close.

Several other equities analysts also recently commented on ARCH. B. Riley dropped 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 reiterated a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Arch Resources in a research report on Thursday, April 18th. StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $165.00 target price (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Arch Resources currently has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources Stock Performance

NYSE:ARCH opened at $156.84 on Monday. The stock’s 50-day simple moving average is $164.30 and its 200 day simple moving average is $163.62. The firm has a market capitalization of $2.86 billion, a PE ratio of 6.52 and a beta of 0.68. The company has a quick ratio of 1.83, a current ratio of 2.49 and a debt-to-equity ratio of 0.07. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60.

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

Insiders Place Their Bets

In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares in the company, valued at $391,052.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Arch Resources news, VP John A. Ziegler sold 270 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $45,802.80. Following the completion of the sale, the vice president now owns 24,237 shares of the company’s stock, valued at $4,111,564.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul T. Demzik sold 4,451 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total value of $794,058.40. Following the completion of the sale, the vice president now directly owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,335 shares of company stock worth $19,126,100. 5.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently added to or reduced their stakes in ARCH. Vanguard Group Inc. boosted its position in shares of Arch Resources by 11.9% during the fourth quarter. Vanguard Group Inc. now owns 2,061,209 shares of the energy company’s stock valued at $342,037,000 after buying an additional 219,094 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Arch Resources by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 918,052 shares of the energy company’s stock valued at $152,343,000 after buying an additional 23,959 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its position in shares of Arch Resources by 11.3% during the third quarter. Maple Rock Capital Partners Inc. now owns 438,939 shares of the energy company’s stock valued at $74,909,000 after buying an additional 44,700 shares during the last quarter. Barclays PLC boosted its position in shares of Arch Resources by 15.8% during the third quarter. Barclays PLC now owns 339,666 shares of the energy company’s stock valued at $57,967,000 after buying an additional 46,253 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Arch Resources by 7.5% during the fourth quarter. Victory Capital Management Inc. now owns 281,463 shares of the energy company’s stock valued at $46,706,000 after buying an additional 19,738 shares during the last quarter. 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.