Arch Resources (NYSE:ARCH) was upgraded by research analysts at TheStreet from a “d+” rating to a “c-” rating in a research note issued on Tuesday, TheStreetRatingsTable reports.
Other research analysts also recently issued research reports about the stock. B. Riley raised their price target on shares of Arch Resources from $87.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, October 4th. Zacks Investment Research raised shares of Arch Resources from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Friday, July 2nd. Finally, Citigroup raised shares of Arch Resources from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $110.00 in a research note on Wednesday, September 29th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, Arch Resources currently has a consensus rating of “Buy” and a consensus target price of $85.50.
ARCH stock opened at $99.01 on Tuesday. Arch Resources has a 52 week low of $27.86 and a 52 week high of $105.58. 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 company has a fifty day simple moving average of $79.84 and a two-hundred day simple moving average of $63.13. The firm has a market capitalization of $1.51 billion, a P/E ratio of -5.98 and a beta of 1.09.
In other news, Director Patrick J. Bartels, Jr. purchased 750 shares of the stock in a transaction dated Wednesday, August 25th. The shares were acquired at an average cost of $73.53 per share, for a total transaction of $55,147.50. Following the acquisition, the director now owns 3,750 shares of the company’s stock, valued at $275,737.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.00% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Arch Resources by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 1,440,770 shares of the energy company’s stock valued at $82,095,000 after acquiring an additional 6,408 shares during the last quarter. BlackRock Inc. lifted its position in Arch Resources by 4.0% in the first quarter. BlackRock Inc. now owns 1,155,761 shares of the energy company’s stock valued at $48,080,000 after buying an additional 44,658 shares during the last quarter. Morgan Stanley lifted its position in Arch Resources by 1.1% in the second quarter. Morgan Stanley now owns 998,298 shares of the energy company’s stock valued at $56,882,000 after buying an additional 11,111 shares during the last quarter. Maple Rock Capital Partners Inc. lifted its position in Arch Resources by 43.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 785,050 shares of the energy company’s stock valued at $44,732,000 after buying an additional 239,272 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Arch Resources by 47.6% in the first quarter. Goldman Sachs Group Inc. now owns 621,397 shares of the energy company’s stock valued at $25,850,000 after buying an additional 200,461 shares during the last quarter.
About Arch Resources
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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