Arch Resources (NYSE:ARCH) Downgraded to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Arch Resources (NYSE:ARCH) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat.com reports. They currently have $165.00 target price on the energy company’s stock, up from their prior target price of $155.00.

A number of other equities research analysts have also recently issued reports on the company. Benchmark reiterated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. B. Riley decreased their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com started coverage on Arch Resources in a report on Monday. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Arch Resources has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Price Performance

Shares of ARCH opened at $164.87 on Wednesday. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The company has a 50-day moving average of $139.54 and a two-hundred day moving average of $147.39. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 17.32 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). The company had revenue of $617.90 million for the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.91 EPS. Analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, November 15th. Arch Resources’s payout ratio is 10.50%.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 5.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. Nisa Investment Advisors LLC grew its position in Arch Resources by 5.1% during the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock valued at $283,000 after buying an additional 90 shares during the period. CWM LLC grew its position in Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares in the last quarter. AlphaMark Advisors LLC grew its stake in Arch Resources by 6.6% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock worth $298,000 after purchasing an additional 121 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in shares of Arch Resources by 1.4% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 9,475 shares of the energy company’s stock valued at $1,442,000 after purchasing an additional 127 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Arch Resources by 6.5% during the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company’s stock worth $343,000 after buying an additional 137 shares during the last quarter. 88.14% of the stock is currently owned by institutional investors.

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.