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

Jefferies Financial Group cut shares of Arch Resources (NYSE:ARCH - Free Report) from a buy rating to a hold rating in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has $165.00 target price on the energy company's stock, up from their prior target price of $155.00.

Several other analysts have also recently weighed in on the company. StockNews.com assumed coverage on Arch Resources in a report on Monday. They set a "hold" rating for the company. B. Riley lowered their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a research note on Friday, September 6th. Finally, Benchmark restated a "buy" rating and set a $180.00 price objective on shares of Arch Resources in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to 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 %

Shares of ARCH traded down $1.75 during mid-day trading on Wednesday, reaching $164.87. The company's stock had a trading volume of 414,936 shares, compared to its average volume of 404,133. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60. The stock has a market cap of $2.99 billion, a P/E ratio of 17.35 and a beta of 0.59. The business has a 50-day simple moving average of $139.54 and a two-hundred day simple moving average of $147.39.

Arch Resources (NYSE:ARCH - Get Free Report) last released its quarterly earnings data 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 during 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 business's quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.91 earnings per share. Research analysts anticipate that Arch Resources will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $0.25 per share. 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 dividend payout ratio is currently 10.50%.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total transaction of $36,621.75. Following the transaction, the vice president now directly owns 29,120 shares of the company's stock, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.40% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ARCH. FMR LLC lifted its stake in shares of Arch Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company's stock valued at $90,862,000 after purchasing an additional 404,249 shares during the period. Vanguard Group Inc. lifted its stake in shares of Arch Resources by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company's stock valued at $377,465,000 after purchasing an additional 286,359 shares during the period. Pacer Advisors Inc. increased its position 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 in the last quarter. First Eagle Investment Management LLC bought a new stake in Arch Resources in the 2nd quarter valued at about $11,813,000. Finally, Alpine Associates Management Inc. bought a new stake in Arch Resources in the 3rd quarter valued at about $8,404,000. 88.14% of the stock is owned by institutional investors and hedge funds.

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.