Arch Resources (NYSE:ARCH) Stock Price Down 3.9% – Here’s Why

Arch Resources, Inc. (NYSE:ARCH) shares fell 3.9% during mid-day trading on Friday . The stock traded as low as $157.36 and last traded at $157.95. 20,611 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 391,935 shares. The stock had previously closed at $164.44.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Jefferies Financial Group lowered Arch Resources from a “buy” rating to a “hold” rating and increased their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, November 13th. Benchmark reissued a “buy” rating and issued a $180.00 price objective on shares of Arch Resources in a research report on Monday, November 18th. B. Riley reduced their target price on shares of Arch Resources from $198.00 to $188.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, StockNews.com initiated coverage on Arch Resources in a research note on Thursday. They set a “hold” rating on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Arch Resources currently has a consensus rating of “Hold” and an average target price of $173.60.

Arch Resources Stock Performance

The business’s 50 day simple moving average is $153.84 and its 200-day simple moving average is $148.66. The stock has a market capitalization of $2.82 billion, a price-to-earnings ratio of 17.27 and a beta of 0.64.

Arch Resources (NYSE:ARCH) last posted 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). The business had revenue of $617.90 million during the quarter, compared to analyst estimates of $587.71 million. Arch Resources had a net margin of 6.69% and a return on equity of 13.22%. The firm’s revenue was down 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.91 earnings per share. As a group, sell-side analysts expect that Arch Resources, Inc. will post 5.86 EPS for the current year.

Arch Resources Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. Arch Resources’s dividend payout ratio is currently 10.50%.

Insiders Place Their Bets

In other news, VP Deck Slone sold 253 shares of the company’s 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 $4,215,120. This represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ARCH. CWM LLC grew its stake in shares of Arch Resources by 132.0% in the 2nd quarter. CWM LLC now owns 174 shares of the energy company’s stock valued at $26,000 after buying an additional 99 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Arch Resources during the 3rd quarter worth $50,000. Blue Trust Inc. boosted its holdings in Arch Resources by 5,500.0% during the second quarter. Blue Trust Inc. now owns 336 shares of the energy company’s stock valued at $54,000 after acquiring an additional 330 shares during the period. Innealta Capital LLC acquired a new position in shares of Arch Resources during the 2nd quarter worth about $55,000. Finally, KBC Group NV boosted its stake in Arch Resources by 43.3% during the 3rd quarter. KBC Group NV now owns 569 shares of the energy company’s stock valued at $79,000 after purchasing an additional 172 shares during the period. 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.