Arch Resources (NYSE:ARCH) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group lowered shares of Arch Resources (NYSE:ARCH) from a buy rating to a hold rating in a report released on Wednesday, Marketbeat reports. Jefferies Financial Group currently has $165.00 price target on the energy company’s stock, up from their prior price target of $155.00.

ARCH has been the topic of several other reports. Benchmark reissued a “buy” rating and set a $180.00 price objective on shares of Arch Resources in a research report on Friday, July 26th. B. Riley lowered their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com started coverage on shares of Arch Resources in a report on Monday, November 11th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $173.60.

Arch Resources Stock Performance

Shares of Arch Resources stock opened at $163.96 on Wednesday. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60. The company has a market capitalization of $2.97 billion, a P/E ratio of 17.22 and a beta of 0.59. The company’s fifty day moving average is $141.05 and its two-hundred day moving average is $147.63.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings data 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 analysts’ expectations of $587.71 million. During the same period in the previous year, the business posted $3.91 earnings per share. The company’s revenue for the quarter was down 17.0% on a year-over-year basis. As a group, equities analysts expect that Arch Resources will post 5.86 earnings per share for the current year.

Arch Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, November 15th. 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 the company’s stock in a transaction dated Monday, October 14th. The shares were 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 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 filing with the SEC, which can be accessed through this link. 5.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Natixis acquired a new position in Arch Resources during the first quarter worth about $2,892,000. Comerica Bank lifted its holdings in shares of Arch Resources by 29.6% in the first quarter. Comerica Bank now owns 22,551 shares of the energy company’s stock valued at $3,626,000 after purchasing an additional 5,153 shares in the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Arch Resources in the second quarter valued at about $8,700,000. Virtu Financial LLC purchased a new stake in shares of Arch Resources in the first quarter valued at about $604,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of Arch Resources in the first quarter valued at about $2,270,000. 88.14% of the stock is currently 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.