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

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

Other equities analysts also recently issued research reports about the company. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Monday, November 18th. 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 research report on Monday. Finally, StockNews.com began coverage on Arch Resources in a research note on Monday. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $167.17.

Arch Resources Price Performance

Shares of ARCH opened at $139.48 on Monday. The company has a market cap of $2.53 billion, a PE ratio of 14.65 and a beta of 0.69. Arch Resources has a one year low of $116.44 and a one year high of $187.60. The stock has a 50-day moving average of $155.76 and a 200-day moving average of $145.42.

Arch Resources (NYSE:ARCH) last posted its earnings results 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 return on equity of 13.22% and a net margin of 6.69%. The business had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same quarter in the prior year, the company earned $3.91 EPS. The company’s revenue was down 17.0% on a year-over-year basis. Analysts expect that Arch Resources will post 5.86 EPS for the current fiscal year.

Arch Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $0.25 per share. 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 currently 10.50%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of Arch Resources stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $144.75, for a total value of $36,621.75. Following the transaction, the vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Institutional Trading of Arch Resources

Institutional investors have recently made changes to their positions in the stock. TD Asset Management Inc purchased a new stake in shares of Arch Resources during the second quarter worth about $578,000. AdvisorShares Investments LLC bought a new position in Arch Resources in the second quarter worth $511,000. American Century Companies Inc. increased its stake in shares of Arch Resources by 14.1% in the 2nd quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after acquiring an additional 59,072 shares in the last quarter. Qsemble Capital Management LP purchased a new position in shares of Arch Resources during the second quarter valued at approximately $403,000. Finally, Envestnet Asset Management Inc. purchased a new position in Arch Resources during the second quarter valued at $8,700,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.

Arch Resources Company Profile

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.