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

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

Other equities research analysts have also issued research reports about the stock. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $165.00 to $150.00 in a report on Monday. StockNews.com began coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.17.

Arch Resources Stock Down 2.5 %

NYSE:ARCH opened at $139.48 on Monday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 14.65 and a beta of 0.69. Arch Resources has a 12 month low of $116.44 and a 12 month high of $187.60. The company’s 50 day moving average is $155.76 and its 200-day moving average is $145.42.

Arch Resources (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS 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 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 quarterly revenue was down 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.91 earnings per share. Research analysts predict that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, November 15th. Arch Resources’s dividend payout ratio (DPR) is presently 10.50%.

Insider Transactions at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 29,120 shares in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is owned by insiders.

Institutional Trading of Arch Resources

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake 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 acquiring an additional 143 shares in the last quarter. Quest Partners LLC acquired a new position in Arch Resources during the third quarter worth about $50,000. KBC Group NV lifted its stake in Arch Resources by 43.3% in the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Arch Resources by 191.1% during the 3rd quarter. Blue Trust Inc. now owns 978 shares of the energy company’s stock valued at $149,000 after acquiring an additional 642 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new stake in shares of Arch Resources during the third quarter worth about $157,000. 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.