Arch Resources (NYSE:ARCH) Shares Down 3% - Here's Why

Arch Resources, Inc. (NYSE:ARCH - Get Free Report) traded down 3% during mid-day trading on Friday . The stock traded as low as $139.26 and last traded at $139.27. 145,428 shares were traded during mid-day trading, a decline of 62% from the average session volume of 384,917 shares. The stock had previously closed at $143.63.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ARCH shares. StockNews.com assumed coverage on shares of Arch Resources in a research note on Friday, December 13th. They set a "hold" rating for the company. B. Riley dropped their price target on Arch Resources from $198.00 to $188.00 and set a "buy" rating for the company in a research report on Friday, September 6th. Benchmark reissued a "buy" rating and issued a $180.00 price target on shares of Arch Resources in a report on Monday, November 18th. Finally, Jefferies Financial Group lowered Arch Resources from a "buy" rating to a "hold" rating and increased their price objective for the company from $155.00 to $165.00 in a research note on Wednesday, November 13th. Four equities 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 has an average rating of "Hold" and an average target price of $173.60.

Arch Resources Stock Down 4.1 %

The firm's 50 day simple moving average is $156.34 and its 200-day simple moving average is $147.11. The company has a market capitalization of $2.49 billion, a PE ratio of 14.47 and a beta of 0.64.

Arch Resources (NYSE:ARCH - Get Free Report) last announced 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). The business had revenue of $617.90 million for the quarter, compared to analysts' expectations of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm's revenue for the quarter was down 17.0% on a year-over-year basis. During the same period last year, the company posted $3.91 earnings per share. As a group, sell-side analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.73%. Arch Resources's payout ratio is currently 10.50%.

Insiders Place Their Bets

In other 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 sale, the vice president now directly owns 29,120 shares of the company's stock, valued at approximately $4,215,120. The trade was a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Arch Resources

Institutional investors have recently made changes to their positions in the business. CWM LLC raised its holdings in Arch Resources by 132.0% in 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 in the last quarter. Quest Partners LLC bought a new position in shares of Arch Resources during the third quarter worth about $50,000. Blue Trust Inc. grew its stake in Arch Resources by 5,500.0% in the second quarter. Blue Trust Inc. now owns 336 shares of the energy company's stock worth $54,000 after purchasing an additional 330 shares in the last quarter. Innealta Capital LLC acquired a new stake in Arch Resources during the second quarter valued at approximately $55,000. Finally, KBC Group NV lifted its holdings in Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company's stock worth $79,000 after buying an additional 172 shares during the last quarter. 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.