Arch Resources (NYSE:ARCH) Shares Down 3.9% - Here's Why

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) fell 3.9% during mid-day trading on Friday . The company traded as low as $157.36 and last traded at $157.95. 20,611 shares traded hands during trading, a decline of 95% from the average session volume of 391,935 shares. The stock had previously closed at $164.44.

Analysts Set New Price Targets

A number of research firms recently commented on ARCH. B. Riley decreased their price objective on Arch Resources from $198.00 to $188.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and upped their price target for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. StockNews.com assumed coverage on Arch Resources in a research report on Thursday. They set a "hold" rating for the company. Finally, Benchmark restated a "buy" rating and issued a $180.00 price objective on shares of Arch Resources in a report on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $173.60.

Arch Resources Trading Down 5.6 %

The company has a market capitalization of $2.81 billion, a PE ratio of 16.31 and a beta of 0.64. The business has a fifty day moving average of $154.19 and a 200 day moving average of $148.43.

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

Arch Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.64%. Arch Resources's dividend payout ratio (DPR) is 10.50%.

Insider Transactions at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were 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 owns 29,120 shares in the company, valued at $4,215,120. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.40% of the company's stock.

Institutional Investors Weigh In On Arch Resources

Several institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its holdings in Arch Resources by 5.1% in the second quarter. Nisa Investment Advisors LLC now owns 1,856 shares of the energy company's stock valued at $283,000 after purchasing an additional 90 shares in the last quarter. CWM LLC boosted its holdings in shares of 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 buying an additional 99 shares in the last quarter. AlphaMark Advisors LLC grew 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 buying an additional 121 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Arch Resources by 6.5% in the 2nd quarter. Hsbc Holdings PLC now owns 2,250 shares of the energy company's stock valued at $343,000 after buying an additional 137 shares during the last quarter. Finally, Gallacher Capital Management LLC raised its stake in Arch Resources by 5.4% during the 2nd quarter. Gallacher Capital Management LLC now owns 2,877 shares of the energy company's stock worth $438,000 after acquiring an additional 147 shares in the last quarter. 88.14% of the stock is owned by hedge funds and other 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.