Arch Resources (NYSE:ARCH) Upgraded by Jefferies Financial Group to “Buy” Rating

Arch Resources (NYSE:ARCH) was upgraded by investment analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a $150.00 target price on the energy company’s stock, down from their prior target price of $165.00. Jefferies Financial Group’s target price would indicate a potential upside of 5.92% from the stock’s current price.

ARCH has been the subject of a number of other research reports. Benchmark restated a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. Piper Sandler upgraded shares of Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $165.00 to $150.00 in a research report on Monday. Finally, StockNews.com began coverage on Arch Resources in a research report on Monday. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Stock Performance

Shares of ARCH opened at $141.62 on Monday. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 14.88 and a beta of 0.69. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a 50-day simple moving average of $155.57 and a 200-day simple moving average of $145.24.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings data 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 company 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 firm’s revenue was down 17.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.91 earnings per share. Equities research analysts forecast that Arch Resources will post 5.86 EPS for the current year.

Insider Buying and Selling

In other Arch Resources news, VP Deck Slone sold 253 shares of the company’s 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 sale, the vice president now owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

Several institutional investors and hedge funds have recently made changes to their positions in ARCH. Pacer Advisors Inc. increased its holdings in Arch Resources by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after acquiring an additional 119,505 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after buying an additional 58,821 shares in the last quarter. FMR LLC grew its holdings in Arch Resources by 159.5% during the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after buying an additional 404,249 shares during the last quarter. American Century Companies Inc. increased its position in Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after buying an additional 59,072 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Arch Resources by 0.7% in the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock valued at $57,183,000 after acquiring an additional 3,073 shares in the last quarter. 88.14% of the stock is currently owned by hedge funds and other institutional investors.

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.