B. Riley Increases Arch Resources (NYSE:ARCH) Price Target to $198.00

Arch Resources (NYSE:ARCH) had its price objective boosted by investment analysts at B. Riley from $192.00 to $198.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. B. Riley’s price objective points to a potential upside of 41.49% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. 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 research report on Wednesday, April 10th. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a research report on Friday. Finally, Citigroup reaffirmed a “neutral” rating and issued a $170.00 target price (down from $185.00) on shares of Arch Resources in a report on Thursday, April 18th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $178.25.

Arch Resources Stock Performance

Arch Resources stock traded down $2.48 during trading hours on Monday, reaching $139.94. 110,260 shares of the stock were exchanged, compared to its average volume of 399,168. Arch Resources has a 52-week low of $125.10 and a 52-week high of $187.60. The stock has a market cap of $2.53 billion, a P/E ratio of 8.27 and a beta of 0.64. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.77 and a current ratio of 2.54. The firm’s 50 day moving average is $160.42 and its 200 day moving average is $164.14.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Thursday, July 25th. The energy company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.50). Arch Resources had a net margin of 9.24% and a return on equity of 17.91%. The firm had revenue of $608.75 million during the quarter, compared to analyst estimates of $562.23 million. During the same quarter in the previous year, the business earned $4.04 EPS. Arch Resources’s revenue for the quarter was down 19.6% on a year-over-year basis. Analysts predict that Arch Resources will post 13.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Arch Resources

A number of institutional investors and hedge funds have recently bought and sold shares of ARCH. Janney Montgomery Scott LLC increased its position in Arch Resources by 94.0% during the first quarter. Janney Montgomery Scott LLC now owns 13,986 shares of the energy company’s stock worth $2,249,000 after buying an additional 6,778 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Arch Resources by 9.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 182,870 shares of the energy company’s stock worth $30,345,000 after purchasing an additional 16,273 shares during the last quarter. Natixis acquired a new stake in shares of Arch Resources during the 1st quarter worth about $2,892,000. Swiss National Bank purchased a new stake in shares of Arch Resources during the fourth quarter worth about $5,642,000. Finally, Denali Advisors LLC acquired a new position in shares of Arch Resources in the first quarter valued at approximately $2,428,000. Hedge funds and other 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.