Arch Resources (NYSE:ARCH) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Arch Resources (NYSE:ARCH) in a report published on Sunday. The brokerage issued a hold rating on the energy company’s stock.

ARCH has been the subject of a number of other research reports. Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. B. Riley dropped their target price on Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $175.75.

Arch Resources Price Performance

Shares of ARCH opened at $144.00 on Friday. The business’s 50-day moving average is $135.30 and its 200-day moving average is $147.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 10.46 and a beta of 0.59. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60.

Insiders Place Their Bets

In related news, VP Deck Slone sold 253 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARCH. CWM LLC lifted its position in Arch Resources by 132.0% during the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock worth $26,000 after acquiring an additional 99 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Arch Resources by 5,500.0% during the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock worth $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC bought a new stake in Arch Resources during the 2nd quarter valued at approximately $55,000. Headlands Technologies LLC acquired a new stake in Arch Resources in the 1st quarter valued at approximately $69,000. Finally, Virtus Investment Advisers Inc. bought a new position in Arch Resources in the 1st quarter worth approximately $149,000. 88.14% of the stock is currently owned by institutional investors and hedge funds.

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.