Arch Resources (NYSE:ARCH) Lowered 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 report published on Wednesday, Marketbeat Ratings reports. Jefferies Financial Group currently has $165.00 price target on the energy company’s stock, up from their previous price target of $155.00.

ARCH has been the topic of several other research reports. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. 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. Finally, StockNews.com initiated coverage on Arch Resources in a research report on Monday, November 11th. They issued a “hold” rating for the company. Four investment 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, the company currently has a consensus rating of “Hold” and a consensus price target of $173.60.

Arch Resources Trading Up 0.6 %

Shares of NYSE ARCH opened at $164.14 on Wednesday. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The company has a market cap of $2.97 billion, a PE ratio of 17.22 and a beta of 0.59. The stock has a 50 day simple moving average of $141.93 and a 200-day simple moving average of $147.62.

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

Arch Resources Announces Dividend

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

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction on Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Arch Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in Arch Resources by 5.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company’s stock worth $283,000 after buying an additional 90 shares during the period. CWM LLC raised its holdings in shares of Arch Resources by 132.0% during the second quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after acquiring an additional 99 shares during the period. AlphaMark Advisors LLC lifted its position in shares of Arch Resources by 6.6% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,956 shares of the energy company’s stock valued at $298,000 after acquiring an additional 121 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its stake in 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 worth $1,442,000 after purchasing an additional 127 shares during the period. Finally, Hsbc Holdings PLC grew its position 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 purchasing an additional 137 shares in the last quarter. 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.