Arch Resources (NYSE:ARCH) Downgraded by Jefferies Financial Group to Hold

Arch Resources (NYSE:ARCH) was downgraded by Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They presently have a $165.00 target price on the energy company’s stock, up from their prior target price of $155.00. Jefferies Financial Group’s price target would suggest a potential downside of 0.22% from the stock’s previous close.

ARCH has been the subject of several other research reports. Benchmark restated a “buy” rating and issued a $180.00 target price on shares of Arch Resources in a research note on Friday, July 26th. StockNews.com initiated coverage on shares of Arch Resources in a report on Monday. They set a “hold” rating for the company. Finally, B. Riley dropped their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating for the company in a report on Friday, September 6th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $173.60.

Arch Resources Stock Down 0.8 %

NYSE:ARCH traded down $1.25 during trading hours on Wednesday, reaching $165.37. 30,440 shares of the company’s stock were exchanged, compared to its average volume of 402,386. The firm has a market capitalization of $2.99 billion, a price-to-earnings ratio of 17.37 and a beta of 0.59. The company has a 50-day moving average of $138.81 and a 200 day moving average of $147.38. Arch Resources has a 1-year low of $116.44 and a 1-year high of $187.60.

Arch Resources (NYSE:ARCH) last released its earnings results on Tuesday, November 5th. The energy company reported ($0.34) EPS for the quarter, missing the consensus estimate of $1.83 by ($2.17). Arch Resources had a return on equity of 13.22% and a net margin of 6.69%. The firm had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. During the same quarter last year, the business posted $3.91 EPS. The firm’s revenue was down 17.0% on a year-over-year basis. Research analysts forecast that Arch Resources will post 5.86 EPS for the current fiscal year.

Insider Activity at Arch Resources

In related news, VP Deck Slone sold 253 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $144.75, for a total value of $36,621.75. Following the completion of the sale, the vice president now directly owns 29,120 shares in the company, valued at approximately $4,215,120. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ARCH. Vanguard Group Inc. lifted its position in Arch Resources by 13.9% during the first quarter. Vanguard Group Inc. now owns 2,347,568 shares of the energy company’s stock valued at $377,465,000 after buying an additional 286,359 shares in the last quarter. Pacer Advisors Inc. lifted its position in Arch Resources by 13.6% during the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after buying an additional 119,505 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in Arch Resources during the second quarter valued at approximately $11,813,000. Alpine Associates Management Inc. acquired a new position in shares of Arch Resources during the third quarter worth $8,404,000. Finally, American Century Companies Inc. lifted its position in shares of Arch Resources by 14.1% during the second quarter. American Century Companies Inc. now owns 478,990 shares of the energy company’s stock worth $72,917,000 after purchasing an additional 59,072 shares in the last quarter. 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.