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

Arch Resources (NYSE:ARCH) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a $150.00 price target on the energy company’s stock, down from their previous price target of $165.00. Jefferies Financial Group’s price target would indicate a potential upside of 4.82% from the stock’s previous close.

ARCH has been the subject of several other research reports. Piper Sandler raised shares of Arch Resources from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $165.00 to $150.00 in a report on Monday. StockNews.com initiated coverage on Arch Resources in a report on Monday. They set a “hold” rating for the company. Finally, Benchmark reissued a “buy” rating and issued a $180.00 price objective 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $167.17.

Arch Resources Stock Up 0.0 %

NYSE ARCH opened at $143.10 on Monday. Arch Resources has a twelve month low of $116.44 and a twelve month high of $187.60. The stock has a market cap of $2.59 billion, a P/E ratio of 15.03 and a beta of 0.69. The company’s 50-day simple moving average is $155.76 and its 200 day simple moving average is $145.42.

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 the consensus estimate of $1.83 by ($2.17). The company had revenue of $617.90 million during 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 company’s revenue for the quarter was down 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.91 earnings per share. Research analysts anticipate that Arch Resources will post 5.86 earnings per share for the current year.

Insider Activity at Arch Resources

In other Arch Resources news, VP Deck Slone sold 253 shares of the firm’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 transaction, the vice president now directly owns 29,120 shares of the company’s stock, valued at approximately $4,215,120. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pacer Advisors Inc. increased its holdings in Arch Resources by 13.6% in the second quarter. Pacer Advisors Inc. now owns 1,001,093 shares of the energy company’s stock valued at $152,396,000 after purchasing an additional 119,505 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Arch Resources by 6.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 973,208 shares of the energy company’s stock valued at $148,146,000 after acquiring an additional 58,821 shares during the last quarter. FMR LLC raised its position in shares of Arch Resources by 159.5% in the 3rd quarter. FMR LLC now owns 657,654 shares of the energy company’s stock valued at $90,862,000 after acquiring an additional 404,249 shares during the period. American Century Companies Inc. boosted its stake in Arch Resources by 14.1% during 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Arch Resources by 0.7% during the third quarter. Geode Capital Management LLC now owns 413,811 shares of the energy company’s stock worth $57,183,000 after purchasing an additional 3,073 shares in the last quarter. Institutional investors and hedge funds own 88.14% of the company’s stock.

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.