Arch Resources (NYSE:ARCH) Given “Neutral” Rating at Citigroup

Arch Resources (NYSE:ARCH)‘s stock had its “neutral” rating reissued by equities research analysts at Citigroup in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a $170.00 price target on the energy company’s stock, down from their prior price target of $185.00. Citigroup’s price target suggests a potential upside of 3.46% from the company’s current price.

Several other equities research analysts have also recently weighed in on the stock. B. Riley dropped their price target on shares of Arch Resources from $198.00 to $193.00 and set a “buy” rating for the company in a research report on Monday. BMO Capital Markets reissued a “market perform” rating and set a $165.00 price target (down previously from $180.00) on shares of Arch Resources in a research report on Wednesday, April 10th. Finally, StockNews.com cut shares of Arch Resources from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $177.00.

Arch Resources Price Performance

Shares of Arch Resources stock opened at $164.31 on Thursday. Arch Resources has a 52-week low of $102.42 and a 52-week high of $187.60. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 6.83 and a beta of 0.68. The company has a fifty day moving average of $165.05 and a 200-day moving average of $163.32. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.83 and a current ratio of 2.49.

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

Insiders Place Their Bets

In other Arch Resources news, CFO Matthew C. Giljum sold 199 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $33,758.36. Following the completion of the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Matthew C. Giljum sold 199 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $169.64, for a total value of $33,758.36. Following the completion of the transaction, the chief financial officer now directly owns 27,986 shares in the company, valued at approximately $4,747,545.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Pamela R. Butcher purchased 200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was acquired at an average price of $165.00 per share, with a total value of $33,000.00. Following the completion of the purchase, the director now owns 200 shares in the company, valued at $33,000. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 106,043 shares of company stock worth $19,442,080. 5.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ARCH. Resurgent Financial Advisors LLC bought a new position in shares of Arch Resources in the 4th quarter worth about $29,000. Covestor Ltd increased its stake 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 purchasing 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 about $32,000. Newbridge Financial Services Group Inc. increased its stake 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 purchasing an additional 190 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake 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 purchasing an additional 132 shares in the last quarter. 88.14% of the stock is currently owned by institutional investors.

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.