Arch Coal Inc (NYSE:ARCH) has received a consensus rating of “Hold” from the eight research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $104.60.
A number of brokerages have recently weighed in on ARCH. B. Riley set a $116.00 price target on Arch Coal and gave the company a “buy” rating in a research report on Thursday, August 22nd. Jefferies Financial Group cut Arch Coal from a “buy” rating to a “hold” rating and dropped their price target for the company from $115.00 to $80.00 in a research report on Tuesday, August 6th. TheStreet upgraded Arch Coal from a “c” rating to a “b-” rating in a research report on Monday. BMO Capital Markets upgraded Arch Coal from a “market perform” rating to an “outperform” rating and dropped their price target for the company from $105.00 to $100.00 in a research report on Thursday, September 5th. Finally, ValuEngine upgraded Arch Coal from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd.
In related news, Director Holly K. Koeppel acquired 2,200 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average price of $89.02 per share, for a total transaction of $195,844.00. Following the transaction, the director now owns 2,200 shares in the company, valued at approximately $195,844. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.63% of the company’s stock.
Large investors have recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new stake in Arch Coal in the 2nd quarter worth about $32,000. US Bancorp DE increased its holdings in Arch Coal by 40.8% during the 2nd quarter. US Bancorp DE now owns 507 shares of the energy company’s stock worth $48,000 after purchasing an additional 147 shares during the last quarter. Financial Gravity Wealth Inc. purchased a new stake in Arch Coal during the 2nd quarter worth approximately $60,000. NumerixS Investment Technologies Inc purchased a new stake in Arch Coal during the 2nd quarter worth approximately $75,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Arch Coal during the 2nd quarter worth approximately $76,000.
Arch Coal stock traded up $3.12 during midday trading on Friday, reaching $80.53. The company’s stock had a trading volume of 3,362 shares, compared to its average volume of 267,037. Arch Coal has a fifty-two week low of $68.63 and a fifty-two week high of $101.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.67. The stock’s 50 day simple moving average is $76.09 and its 200 day simple moving average is $85.97. The firm has a market capitalization of $1.26 billion, a PE ratio of 5.32 and a beta of 0.38.
Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.30. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The business had revenue of $570.22 million during the quarter, compared to analysts’ expectations of $558.75 million. During the same quarter last year, the business posted $2.06 earnings per share. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts predict that Arch Coal will post 15.1 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Thursday, August 29th. Arch Coal’s dividend payout ratio is presently 11.88%.
About Arch Coal
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.
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