Arch Resources (NYSE:ARCH) Price Target Increased to $185.00 by Analysts at Citigroup

Arch Resources (NYSE:ARCH) had its price objective upped by equities researchers at Citigroup from $160.00 to $185.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Citigroup’s price target would indicate a potential upside of 17.94% from the stock’s current price.

ARCH has been the subject of a number of other research reports. B. Riley dropped their price objective on shares of Arch Resources from $232.00 to $223.00 and set a “buy” rating for the company in a report on Friday, February 16th. StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $165.00 price objective (down previously from $180.00) on shares of Arch Resources in a report on Wednesday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $188.25.

Arch Resources Trading Down 1.0 %

Shares of ARCH stock opened at $156.86 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49. The stock has a market capitalization of $2.86 billion, a P/E ratio of 6.52 and a beta of 0.68. The company has a 50 day moving average price of $165.36 and a 200 day moving average price of $163.48. Arch Resources has a fifty-two week low of $102.42 and a fifty-two week high of $187.60.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing analysts’ consensus estimates of $6.90 by ($0.83). The business had revenue of $774.00 million during the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a net margin of 14.75% and a return on equity of 32.20%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter last year, the firm posted $23.18 EPS. Equities research analysts predict that Arch Resources will post 19.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Pamela R. Butcher purchased 200 shares of the stock in a transaction on Wednesday, March 13th. The stock was bought at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the acquisition, the director now directly owns 200 shares of the company’s stock, valued at approximately $33,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Pamela R. Butcher acquired 200 shares of Arch Resources stock in a transaction dated Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, for a total transaction of $33,000.00. Following the transaction, the director now owns 200 shares of the company’s stock, valued at $33,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP John A. Ziegler sold 3,299 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $169.42, for a total transaction of $558,916.58. Following the sale, the vice president now owns 33,618 shares of the company’s stock, valued at approximately $5,695,561.56. The disclosure for this sale can be found here. Insiders sold 106,043 shares of company stock worth $19,442,080 in the last 90 days. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Several institutional investors have recently modified their holdings of ARCH. Advisor Group Holdings Inc. lifted its position in shares of Arch Resources by 2.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after buying an additional 67 shares during the last quarter. Bank of New York Mellon Corp raised its position in Arch Resources by 6.6% in the 1st quarter. Bank of New York Mellon Corp now owns 78,779 shares of the energy company’s stock valued at $10,823,000 after purchasing an additional 4,910 shares during the last quarter. MetLife Investment Management LLC raised its position in Arch Resources by 58.0% in the 1st quarter. MetLife Investment Management LLC now owns 8,190 shares of the energy company’s stock valued at $1,125,000 after purchasing an additional 3,007 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Arch Resources by 2.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 519,483 shares of the energy company’s stock valued at $71,366,000 after purchasing an additional 14,434 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in Arch Resources in the 1st quarter valued at $619,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

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.