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

Jefferies Financial Group lowered shares of Arch Resources (NYSE:ARCH) from a buy rating to a hold rating in a research note released on Wednesday, MarketBeat reports. The brokerage currently has $165.00 target price on the energy company’s stock, up from their prior target price of $155.00.

Other equities research analysts have also issued research reports about the stock. StockNews.com began coverage on shares of Arch Resources in a research report on Monday. They issued a “hold” rating for the company. B. Riley dropped their price target on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources currently has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 1.1 %

ARCH stock opened at $164.87 on Wednesday. The company’s 50-day moving average price is $139.54 and its 200 day moving average price is $147.39. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60. The company has a market cap of $2.99 billion, a P/E ratio of 17.32 and a beta of 0.59.

Arch Resources (NYSE:ARCH) last released its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The company had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same period last year, the firm earned $3.91 earnings per share. The business’s revenue was down 17.0% compared to the same quarter last year. On average, equities research analysts expect that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Announces Dividend

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

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the completion of the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Natixis bought a new position in Arch Resources in the first quarter valued at approximately $2,892,000. Comerica Bank increased its stake in shares of Arch Resources by 29.6% during the 1st quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock worth $3,626,000 after purchasing an additional 5,153 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in Arch Resources in the second quarter valued at approximately $8,700,000. Virtu Financial LLC bought a new position in Arch Resources during the first quarter worth $604,000. Finally, CANADA LIFE ASSURANCE Co acquired a new position in Arch Resources in the 1st quarter valued at about $2,270,000. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.