Arch Resources (ARCH) to Release Quarterly Earnings on Thursday

Arch Resources (NYSE:ARCHGet Free Report) will announce its earnings results before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $6.90 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Arch Resources Stock Performance

NYSE ARCH opened at $171.33 on Tuesday. The stock has a market cap of $3.15 billion, a PE ratio of 4.16 and a beta of 0.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.27. The firm has a 50-day moving average of $169.89 and a 200-day moving average of $155.82. Arch Resources has a 52-week low of $102.42 and a 52-week high of $187.45.

Analyst Ratings Changes

Several analysts recently issued reports on ARCH shares. StockNews.com upgraded Arch Resources from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. BMO Capital Markets boosted their target price on shares of Arch Resources from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, November 17th.

View Our Latest Stock Report on ARCH

Insider Activity at Arch Resources

In other Arch Resources news, VP John A. Ziegler sold 5,000 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $175.03, for a total transaction of $875,150.00. Following the transaction, the vice president now owns 22,750 shares in the company, valued at approximately $3,981,932.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, VP Paul T. Demzik sold 1,568 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $175.17, for a total transaction of $274,666.56. Following the sale, the vice president now owns 6,643 shares in the company, valued at approximately $1,163,654.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John A. Ziegler sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $175.03, for a total transaction of $875,150.00. Following the transaction, the vice president now owns 22,750 shares of the company’s stock, valued at $3,981,932.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,885 shares of company stock worth $2,285,925. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

Several hedge funds and other institutional investors have recently modified their holdings of the business. Maple Rock Capital Partners Inc. grew its position in Arch Resources by 15,612.6% in the first quarter. Maple Rock Capital Partners Inc. now owns 350,739 shares of the energy company’s stock valued at $46,108,000 after acquiring an additional 353,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Arch Resources by 18.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,817,571 shares of the energy company’s stock valued at $215,564,000 after purchasing an additional 282,345 shares during the last quarter. BlackRock Inc. increased its position in Arch Resources by 24.4% during the 2nd quarter. BlackRock Inc. now owns 1,261,637 shares of the energy company’s stock worth $142,262,000 after purchasing an additional 247,238 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Arch Resources by 10,789.7% in the first quarter. Envestnet Asset Management Inc. now owns 248,939 shares of the energy company’s stock valued at $48,000 after buying an additional 246,653 shares in the last quarter. Finally, Balyasny Asset Management LLC grew its stake in shares of Arch Resources by 195.9% during the third quarter. Balyasny Asset Management LLC now owns 186,956 shares of the energy company’s stock worth $22,173,000 after buying an additional 123,774 shares during the last quarter. Institutional investors own 85.03% of the company’s stock.

Arch Resources Company Profile

(Get Free Report)

Arch Resources, Inc produces and sells metallurgical products. As of December 31, 2022, 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; 306,263 acres of coal land in West Virginia; 81,450 acres of coal land in Wyoming; 234,087 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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Earnings History for Arch Resources (NYSE:ARCH)

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