BMO Capital Markets Reiterates Market Perform Rating for Arch Resources (NYSE:ARCH)

Arch Resources (NYSE:ARCH - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at BMO Capital Markets in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $165.00 price target on the energy company's stock, down from their prior price target of $180.00. BMO Capital Markets' price objective suggests a potential upside of 5.14% from the stock's previous close.

ARCH has been the topic of a number of other reports. B. Riley decreased their price target on Arch Resources from $232.00 to $223.00 and set a "buy" rating on the stock in a research report on Friday, February 16th. StockNews.com lowered Arch Resources from a "buy" rating to a "hold" rating in a research report on Thursday, March 7th.

Arch Resources Price Performance

Shares of ARCH traded up $0.62 during mid-day trading on Wednesday, reaching $156.93. The company had a trading volume of 429,220 shares, compared to its average volume of 490,945. Arch Resources has a twelve month low of $102.42 and a twelve month high of $187.60. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.49 and a quick ratio of 1.83. The company's 50-day moving average is $166.51 and its 200-day moving average is $163.59. The company has a market capitalization of $2.86 billion, a P/E ratio of 6.50 and a beta of 0.68.

Arch Resources (NYSE:ARCH - Get Free Report) 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 return on equity of 32.20% and a net margin of 14.75%. The firm's revenue was down 9.9% on a year-over-year basis. During the same quarter last year, the company earned $23.18 earnings per share. On average, equities analysts anticipate that Arch Resources will post 19.22 EPS for the current year.

Insider Buying and Selling at Arch Resources

In other Arch Resources news, CFO Matthew C. Giljum sold 199 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 value of $33,758.36. Following the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman John W. Eaves sold 72,946 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $185.03, for a total value of $13,497,198.38. Following the transaction, the chairman now owns 136,725 shares of the company's stock, valued at approximately $25,298,226.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matthew C. Giljum sold 199 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $169.64, for a total value of $33,758.36. Following the sale, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,043 shares of company stock worth $19,442,080. Insiders own 5.90% of the company's stock.

Institutional Trading of Arch Resources

Several hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its stake 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 worth $33,000 after buying an additional 190 shares during the period. Quadrature Capital Ltd acquired a new stake in Arch Resources during the 4th quarter worth $352,000. Vanguard Group Inc. raised its stake in Arch Resources by 11.9% during 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 period. ICA Group Wealth Management LLC acquired a new stake in shares of Arch Resources in the 4th quarter valued at about $53,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Arch Resources by 9.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company's stock valued at $30,345,000 after purchasing an additional 16,273 shares during the period. 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.