Arch Resources (NYSE:ARCH) Price Target Lowered to $193.00 at B. Riley

Arch Resources (NYSE:ARCH - Get Free Report) had its target price reduced by research analysts at B. Riley from $198.00 to $193.00 in a research note issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the energy company's stock. B. Riley's price objective would indicate a potential upside of 22.31% from the stock's previous close.

Several other analysts also recently weighed in on ARCH. BMO Capital Markets reiterated a "market perform" rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research note on Wednesday, April 10th. Citigroup upped their target price on Arch Resources from $160.00 to $185.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, StockNews.com downgraded Arch Resources from a "buy" rating to a "hold" rating in a research note on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $180.75.

Arch Resources Stock Up 0.6 %

Shares of ARCH traded up $0.92 during trading hours on Monday, hitting $157.80. The company had a trading volume of 248,589 shares, compared to its average volume of 481,539. The company has a market capitalization of $2.88 billion, a PE ratio of 6.56 and a beta of 0.68. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources has a one year low of $102.42 and a one year high of $187.60. The company's fifty day moving average price is $165.10 and its two-hundred day moving average price is $163.35.

Arch Resources (NYSE:ARCH - Get Free Report) last announced its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.90 by ($0.83). Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. During the same period in the prior year, the company earned $23.18 earnings per share. The company's quarterly revenue was down 9.9% on a year-over-year basis. As a group, equities analysts forecast that Arch Resources will post 19.22 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction on Wednesday, March 13th. The stock was purchased at an average cost of $165.00 per share, with a total value of $33,000.00. Following the purchase, the director now directly owns 200 shares in the company, valued at $33,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP John A. Ziegler sold 148 shares of the 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 directly owns 23,232 shares of the company's stock, valued at approximately $4,003,570.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Pamela R. Butcher bought 200 shares of the business's stock in a transaction dated Wednesday, March 13th. The shares were acquired at an average cost of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now owns 200 shares in the company, valued at approximately $33,000. The disclosure for this purchase can be found here. In the last three months, insiders sold 106,043 shares of company stock valued at $19,442,080. Insiders own 5.90% of the company's stock.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently modified their holdings of the company. Covestor Ltd grew its holdings in Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company's stock valued at $31,000 after buying an additional 70 shares during the last quarter. Newbridge Financial Services Group Inc. grew its holdings in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company's stock valued at $33,000 after buying an additional 190 shares during the last quarter. Resurgent Financial Advisors LLC acquired a new stake in Arch Resources during the 4th quarter valued at $29,000. Hexagon Capital Partners LLC grew its holdings in Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company's stock valued at $34,000 after buying an additional 132 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in Arch Resources during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Arch Resources Company Profile

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.