Arch Resources (NYSE:ARCH) Stock Rating Reaffirmed by Citigroup

Arch Resources (NYSE:ARCH)‘s stock had its “neutral” rating restated by Citigroup in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $170.00 price objective on the energy company’s stock, down from their previous price objective of $185.00. Citigroup’s target price indicates a potential upside of 4.26% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. B. Riley decreased their price objective on Arch Resources from $198.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, April 15th. BMO Capital Markets restated a “market perform” rating and set a $165.00 price objective (down from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, StockNews.com downgraded Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $177.00.

Arch Resources Price Performance

NYSE:ARCH 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. The company has a market capitalization of $2.98 billion, a P/E ratio of 6.78 and a beta of 0.68. Arch Resources has a 12 month low of $102.42 and a 12 month high of $187.60. The business’s 50-day moving average is $164.77 and its 200 day moving average is $163.38.

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

Insider Transactions at Arch Resources

In other news, Director James N. Chapman sold 2,005 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the sale, the director now directly owns 1,219 shares in the company, valued at $224,393.52. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director James N. Chapman sold 2,005 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $184.08, for a total value of $369,080.40. Following the transaction, the director now owns 1,219 shares of the company’s stock, valued at $224,393.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP John A. Ziegler sold 148 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $172.33, for a total value of $25,504.84. Following the completion of the transaction, 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. Over the last three months, insiders have sold 104,335 shares of company stock worth $19,126,100. 5.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Resurgent Financial Advisors LLC bought a new position in Arch Resources in the fourth quarter worth approximately $29,000. Covestor Ltd boosted its position in Arch Resources by 61.4% during the 3rd quarter. Covestor Ltd now owns 184 shares of the energy company’s stock valued at $31,000 after acquiring an additional 70 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in Arch Resources during the 2nd quarter valued at $32,000. Newbridge Financial Services Group Inc. boosted its position in Arch Resources by 1,900.0% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 200 shares of the energy company’s stock valued at $33,000 after acquiring an additional 190 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its position in Arch Resources by 188.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 202 shares of the energy company’s stock valued at $34,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 88.14% of the company’s stock.

About Arch Resources

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.