B. Riley Raises Arch Resources (NYSE:ARCH) Price Target to $234.00

Arch Resources (NYSE:ARCHGet Rating) had its target price raised by equities research analysts at B. Riley from $231.00 to $234.00 in a research report issued on Wednesday, The Fly reports. B. Riley’s price objective points to a potential upside of 47.33% from the stock’s previous close.

A number of other analysts have also weighed in on ARCH. BMO Capital Markets increased their target price on shares of Arch Resources from $115.00 to $140.00 in a report on Wednesday, February 16th. StockNews.com began coverage on shares of Arch Resources in a report on Thursday, March 31st. They set a “buy” rating for the company. Zacks Investment Research lowered shares of Arch Resources from a “hold” rating to a “sell” rating and set a $96.00 target price for the company. in a report on Monday, January 24th. Jefferies Financial Group increased their target price on shares of Arch Resources from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, March 9th. Finally, Barclays increased their target price on shares of Arch Resources from $50.00 to $51.00 in a report on Thursday, January 6th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $130.17.

ARCH opened at $158.83 on Wednesday. The stock has a market cap of $2.46 billion, a PE ratio of 8.78 and a beta of 0.83. The company has a quick ratio of 1.39, a current ratio of 1.69 and a debt-to-equity ratio of 0.49. Arch Resources has a 52 week low of $44.20 and a 52 week high of $175.99. The business’s fifty day simple moving average is $141.98 and its 200 day simple moving average is $109.72.

Arch Resources (NYSE:ARCHGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The energy company reported $12.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $13.11 by ($0.22). Arch Resources had a net margin of 15.29% and a return on equity of 85.21%. The company had revenue of $867.90 million for the quarter, compared to the consensus estimate of $725.33 million. During the same period last year, the business posted ($0.40) earnings per share. The firm’s quarterly revenue was up 142.8% compared to the same quarter last year. As a group, equities analysts anticipate that Arch Resources will post 60.48 earnings per share for the current year.

In other news, VP John A. Ziegler sold 5,000 shares of Arch Resources stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $145.80, for a total transaction of $729,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Rosemary L. Klein sold 410 shares of the firm’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $113.57, for a total transaction of $46,563.70. The disclosure for this sale can be found here. Insiders sold 13,994 shares of company stock valued at $2,060,495 over the last 90 days. 8.00% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp increased its position in shares of Arch Resources by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 2,804 shares of the energy company’s stock valued at $256,000 after acquiring an additional 160 shares in the last quarter. MML Investors Services LLC grew its position in Arch Resources by 5.1% in the 4th quarter. MML Investors Services LLC now owns 3,754 shares of the energy company’s stock worth $343,000 after purchasing an additional 181 shares during the period. Schonfeld Strategic Advisors LLC grew its position in Arch Resources by 4.3% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 9,700 shares of the energy company’s stock worth $885,000 after purchasing an additional 400 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Arch Resources by 9.3% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 5,616 shares of the energy company’s stock valued at $521,000 after acquiring an additional 480 shares during the period. Finally, Teacher Retirement System of Texas grew its position in shares of Arch Resources by 20.1% during the 4th quarter. Teacher Retirement System of Texas now owns 2,948 shares of the energy company’s stock valued at $269,000 after acquiring an additional 493 shares during the period.

Arch Resources Company Profile (Get Rating)

Arch Resources, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2021, the company operated seven active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 952 acres of coal land in Maryland; 10,095 acres of coal land in Virginia; 306,033 acres of coal land in West Virginia; 81,470 acres of coal land in Wyoming; 234,543 acres of coal land in Illinois; 33,047 acres of coal land in Kentucky; 362 acres of coal land in Montana; 248 acres of coal land in Pennsylvania; and 19,018 acres of coal land in Colorado, as well as smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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