Arch Resources (NYSE:ARCH) Lowered to Hold at StockNews.com

Arch Resources (NYSE:ARCH – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other brokerages have also commented on ARCH. B. Riley cut their price target on shares of Arch Resources from $221.00 to $207.00 in a report on Tuesday. BMO Capital Markets increased their price target on shares of Arch Resources from $150.00 to $185.00 in a research report on Friday, October 28th.

Arch Resources Stock Performance

ARCH opened at $138.77 on Thursday. Arch Resources has a fifty-two week low of $86.50 and a fifty-two week high of $183.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.95 and a current ratio of 2.49. The company has a fifty day moving average of $145.48 and a 200 day moving average of $142.01. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 2.63 and a beta of 0.71.

Arch Resources (NYSE:ARCH – Get Rating) last posted its earnings results on Thursday, October 27th. The energy company reported $8.68 EPS for the quarter, missing analysts’ consensus estimates of $9.14 by ($0.46). The business had revenue of $863.80 million for the quarter, compared to analysts’ expectations of $746.73 million. Arch Resources had a net margin of 29.61% and a return on equity of 111.61%. The company’s revenue for the quarter was up 45.3% on a year-over-year basis. During the same period last year, the business posted $4.92 EPS. As a group, sell-side analysts forecast that Arch Resources will post 51.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors have recently made changes to their positions in ARCH. Denali Advisors LLC bought a new position in Arch Resources during the 2nd quarter worth $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Arch Resources in the second quarter valued at $32,000. Ronald Blue Trust Inc. purchased a new stake in shares of Arch Resources during the fourth quarter valued at $33,000. HBK Sorce Advisory LLC purchased a new stake in shares of Arch Resources during the third quarter valued at $39,000. Finally, CENTRAL TRUST Co acquired a new position in Arch Resources during the third quarter valued at $39,000. 88.71% of the stock is currently owned by institutional investors.

About Arch Resources

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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.