Arch Resources (NYSE:ARCH) Upgraded at Jefferies Financial Group

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

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

Check Out Our Latest Stock Analysis on ARCH

Arch Resources Trading Down 0.8 %

NYSE ARCH opened at $140.47 on Monday. The company has a fifty day simple moving average of $155.47 and a 200 day simple moving average of $145.21. The company has a market cap of $2.54 billion, a P/E ratio of 14.76 and a beta of 0.69. Arch Resources has a 1 year low of $116.44 and a 1 year high of $187.60.

Arch Resources (NYSE:ARCHGet Free Report) last posted 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). The firm had revenue of $617.90 million for the quarter, compared to the consensus estimate of $587.71 million. Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. Arch Resources’s quarterly revenue was down 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.91 earnings per share. Equities research analysts forecast that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

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

Insider Activity

In related news, VP Deck Slone sold 253 shares of the 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 completion of the sale, 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.90% of the company’s stock.

Institutional Investors Weigh In On Arch Resources

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Arch Resources by 340.5% during the 4th quarter. GAMMA Investing LLC now owns 185 shares of the energy company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Arch Resources by 7.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,733 shares of the energy company’s stock worth $17,924,000 after purchasing an additional 8,976 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Arch Resources by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 12,240 shares of the energy company’s stock worth $1,785,000 after purchasing an additional 843 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Arch Resources by 10.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 2,554 shares of the energy company’s stock worth $353,000 after purchasing an additional 238 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Arch Resources by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after acquiring an additional 3,073 shares during the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

About Arch Resources

(Get Free Report)

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.

See Also

Analyst Recommendations for Arch Resources (NYSE:ARCH)

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