Arch Resources (NYSE:ARCH) Stock Rating Upgraded by Jefferies Financial Group

Jefferies Financial Group upgraded shares of Arch Resources (NYSE:ARCH) from a hold rating to a buy rating in a research report released on Monday,Benzinga reports. Jefferies Financial Group currently has $150.00 price objective on the energy company’s stock, down from their previous price objective of $165.00.

Several other research firms have also weighed in on ARCH. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and reduced their price objective for the stock from $165.00 to $150.00 in a research note on Monday. Benchmark restated a “buy” rating and set a $180.00 target price on shares of Arch Resources in a report on Monday, November 18th. Finally, StockNews.com initiated coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Arch Resources presently has an average rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Price Performance

Arch Resources stock opened at $140.47 on Monday. The company’s 50 day simple moving average is $155.47 and its 200 day simple moving average is $145.21. Arch Resources has a fifty-two week low of $116.44 and a fifty-two week high of $187.60. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 14.76 and a beta of 0.69.

Arch Resources (NYSE:ARCH) last released its quarterly earnings data on Tuesday, November 5th. The energy company reported ($0.34) earnings per share 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 firm had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. During the same period in the previous year, the business earned $3.91 EPS. The firm’s revenue was down 17.0% compared to the same quarter last year. As a group, analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.71%. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Activity

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This trade 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 available at the SEC website. 5.90% of the stock is owned by corporate insiders.

Institutional Trading of Arch Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Arch Resources by 340.5% in the fourth quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Quest Partners LLC bought a new position in shares of Arch Resources in the third quarter valued at $50,000. KBC Group NV grew its stake in shares of Arch Resources by 43.3% in the third quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after buying an additional 172 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Arch Resources by 191.1% in the third quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after buying an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of Arch Resources in the third quarter valued at $157,000. 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.