Arch Resources (NYSE:ARCH) Shares Down 3% – Should You Sell?

Arch Resources, Inc. (NYSE:ARCH) was down 3% during mid-day trading on Friday . The company traded as low as $139.26 and last traded at $139.27. Approximately 145,428 shares changed hands during trading, a decline of 62% from the average daily volume of 384,917 shares. The stock had previously closed at $143.63.

Analyst Upgrades and Downgrades

ARCH has been the topic of several research reports. Jefferies Financial Group cut shares of Arch Resources from a “buy” rating to a “hold” rating and raised their target price for the stock from $155.00 to $165.00 in a report on Wednesday, November 13th. B. Riley cut their price objective on Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. StockNews.com initiated coverage on Arch Resources in a report on Saturday. They issued a “hold” rating on the stock. Finally, Benchmark restated a “buy” rating and set a $180.00 price target on shares of Arch Resources in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $173.60.

Arch Resources Trading Down 4.1 %

The stock has a 50 day moving average of $156.34 and a 200-day moving average of $146.99. The stock has a market capitalization of $2.49 billion, a P/E ratio of 14.47 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last posted its quarterly earnings results 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). The company had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The business’s revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.91 EPS. Research analysts anticipate that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 26th. Shareholders 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 yield of 0.73%. Arch Resources’s dividend payout ratio is presently 10.50%.

Insider Buying and Selling

In related news, VP Deck Slone sold 253 shares of the firm’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 completion of the transaction, the vice president now owns 29,120 shares in the company, valued at $4,215,120. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Arch Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC purchased a new stake in Arch Resources during the third quarter worth $50,000. Innealta Capital LLC acquired a new position in shares of Arch Resources in the second quarter worth about $55,000. KBC Group NV boosted its stake in shares of Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock worth $79,000 after acquiring an additional 172 shares in the last quarter. Blue Trust Inc. grew its position 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 during the period. Finally, Westchester Capital Management LLC purchased a new position in shares of Arch Resources in the 3rd quarter valued at 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.