Arch Resources (NYSE:ARCH) Rating Lowered to Hold at Jefferies Financial Group

Arch Resources (NYSE:ARCH) was downgraded by equities research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a $165.00 price target on the energy company’s stock, up from their prior price target of $155.00. Jefferies Financial Group’s price target suggests a potential downside of 0.22% from the stock’s current price.

A number of other analysts have also recently commented on the stock. StockNews.com began coverage on shares of Arch Resources in a research note on Monday. They set a “hold” rating for the company. B. Riley decreased 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, Benchmark reiterated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $173.60.

Arch Resources Trading Down 0.8 %

ARCH traded down $1.25 on Wednesday, reaching $165.37. The stock had a trading volume of 30,440 shares, compared to its average volume of 402,386. Arch Resources has a 12-month low of $116.44 and a 12-month high of $187.60. The business’s 50-day moving average price is $138.81 and its two-hundred day moving average price is $147.38. The company has a market cap of $2.99 billion, a P/E ratio of 17.37 and a beta of 0.59.

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 analysts’ consensus estimates of $1.83 by ($2.17). Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm had revenue of $617.90 million during the quarter, compared to analysts’ expectations of $587.71 million. During the same period in the previous year, the firm posted $3.91 EPS. The firm’s quarterly revenue was down 17.0% on a year-over-year basis. As a group, analysts predict that Arch Resources will post 5.86 earnings per share for the current year.

Insiders Place Their Bets

In other Arch Resources news, VP Deck Slone sold 253 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 29,120 shares in the company, valued at $4,215,120. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Arch Resources

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. increased its position in shares of Arch Resources by 5,500.0% in the 2nd quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after purchasing an additional 330 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Arch Resources in the 2nd quarter valued at approximately $55,000. Quest Partners LLC purchased a new stake in shares of Arch Resources in the 3rd quarter valued at approximately $50,000. Finally, Headlands Technologies LLC purchased a new position in shares of Arch Resources in the 1st quarter valued at $69,000. 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.