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Arch Resources (NYSE:ARCH) Stock Rating Upgraded by Jefferies Financial Group

Arch Resources logo with Oils/Energy background

Arch Resources (NYSE:ARCH - Get Free Report) was upgraded by Jefferies Financial Group from a "hold" rating to a "buy" rating in a report released on Monday,Benzinga reports. The firm presently has a $150.00 price objective on the energy company's stock, down from their previous price objective of $165.00. Jefferies Financial Group's target price indicates a potential upside of 7.54% from the company's previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com started coverage on Arch Resources in a research note on Monday. They issued a "hold" rating for the company. Benchmark reissued a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a research report on Monday, November 18th. Finally, Piper Sandler raised shares of Arch Resources from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $165.00 to $150.00 in a research report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $167.17.

View Our Latest Research Report on ARCH

Arch Resources Stock Performance

Shares of NYSE ARCH traded down $3.62 during trading on Monday, hitting $139.48. The company had a trading volume of 249,683 shares, compared to its average volume of 213,694. The company has a market cap of $2.53 billion, a P/E ratio of 14.65 and a beta of 0.69. The business's 50-day moving average is $155.76 and its 200 day moving average is $145.42. Arch Resources has a 52 week low of $116.44 and a 52 week high of $187.60.

Arch Resources (NYSE:ARCH - Get Free Report) last released 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 firm 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 revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.91 EPS. On average, research analysts expect that Arch Resources will post 5.86 EPS for the current year.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the company's stock in a transaction on Monday, October 14th. The shares were 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 directly owns 29,120 shares in the company, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ARCH. FMR LLC boosted its position in Arch Resources by 159.5% during the third quarter. FMR LLC now owns 657,654 shares of the energy company's stock worth $90,862,000 after purchasing an additional 404,249 shares during the period. Holocene Advisors LP boosted its holdings in shares of Arch Resources by 422.4% during the 3rd quarter. Holocene Advisors LP now owns 250,349 shares of the energy company's stock worth $34,588,000 after buying an additional 202,425 shares during the period. Pacer Advisors Inc. grew its stake in Arch Resources by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company's stock valued at $152,396,000 after buying an additional 119,505 shares during the last quarter. First Eagle Investment Management LLC bought a new position in Arch Resources in the 2nd quarter worth $11,813,000. Finally, Point72 Asset Management L.P. acquired a new position in Arch Resources during the 3rd quarter worth $9,828,000. Institutional investors and hedge funds own 88.14% of the company's stock.

Arch Resources Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Arch Resources (NYSE:ARCH)

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