Arch Resources’ (ARCH) “Neutral” Rating Reaffirmed at Citigroup

Arch Resources (NYSE:ARCH)‘s stock had its “neutral” rating reiterated by equities researchers at Citigroup in a report released on Thursday, Marketbeat reports. They currently have a $170.00 price target on the energy company’s stock, down from their previous price target of $185.00. Citigroup’s price objective suggests a potential upside of 4.26% from the company’s previous close.

Other research analysts have also recently issued reports about the company. B. Riley lowered their target price on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a report on Monday, April 15th. StockNews.com cut 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 set a $165.00 target price (down from $180.00) on shares of Arch Resources in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.00.

Arch Resources Trading Up 0.1 %

ARCH stock opened at $163.05 on Thursday. The company has a current ratio of 2.49, a quick ratio of 1.83 and a debt-to-equity ratio of 0.07. Arch Resources has a 12-month low of $102.42 and a 12-month high of $187.60. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 6.78 and a beta of 0.68. The business’s 50-day moving average is $164.77 and its 200 day moving average is $163.38.

Arch Resources (NYSE:ARCH) last issued its earnings results on Thursday, February 15th. The energy company reported $6.07 earnings per share for the quarter, missing the consensus estimate of $6.90 by ($0.83). The company had revenue of $774.00 million for the quarter, compared to analyst estimates of $704.53 million. Arch Resources had a return on equity of 32.20% and a net margin of 14.75%. The company’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $23.18 earnings per share. On average, sell-side analysts anticipate that Arch Resources will post 14.84 EPS for the current fiscal year.

Insider Activity

In other news, VP Paul T. Demzik sold 4,451 shares of Arch Resources stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $178.40, for a total transaction of $794,058.40. Following the sale, the vice president now owns 2,192 shares of the company’s stock, valued at approximately $391,052.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Arch Resources news, VP Paul T. Demzik sold 4,451 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $178.40, for a total value of $794,058.40. Following the sale, the vice president now owns 2,192 shares of the company’s stock, valued at $391,052.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP John A. Ziegler sold 148 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the sale, the vice president now directly owns 23,232 shares in the company, valued at approximately $4,003,570.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,335 shares of company stock valued at $19,126,100. 5.40% of the stock is currently owned by company insiders.

Institutional Trading of Arch Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC raised its position in Arch Resources by 1.1% in the fourth quarter. Stratos Wealth Advisors LLC now owns 5,599 shares of the energy company’s stock valued at $929,000 after purchasing an additional 63 shares during the period. Advisor Group Holdings Inc. grew its stake in shares of Arch Resources by 2.9% in the first quarter. Advisor Group Holdings Inc. now owns 2,371 shares of the energy company’s stock worth $325,000 after acquiring an additional 67 shares in the last quarter. Covestor Ltd grew its stake in shares of Arch Resources by 61.4% in the third quarter. Covestor Ltd now owns 184 shares of the energy company’s stock worth $31,000 after acquiring an additional 70 shares in the last quarter. Unison Advisors LLC grew its stake in shares of Arch Resources by 2.5% in the fourth quarter. Unison Advisors LLC now owns 4,792 shares of the energy company’s stock worth $795,000 after acquiring an additional 119 shares in the last quarter. Finally, Hexagon Capital Partners LLC grew its stake in shares of Arch Resources by 188.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock worth $34,000 after acquiring an additional 132 shares in the last quarter. 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.