MKM Partners restated their buy rating on shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) in a research report sent to investors on Tuesday, May 9th. The firm currently has a $89.00 price target on the energy company’s stock, up from their prior price target of $86.00.
A number of other brokerages have also recently weighed in on ARCH. Zacks Investment Research cut shares of Arch Coal, Inc. Class A from a strong-buy rating to a hold rating in a report on Tuesday, April 11th. Stifel Nicolaus reiterated a buy rating and issued a $96.00 price target (up previously from $89.00) on shares of Arch Coal, Inc. Class A in a research note on Wednesday, May 3rd. Jefferies Group LLC initiated coverage on shares of Arch Coal, Inc. Class A in a research note on Friday, February 17th. They issued a buy rating and a $90.00 price target for the company. Finally, FBR & Co reiterated a buy rating and issued a $110.00 price target on shares of Arch Coal, Inc. Class A in a research note on Wednesday, February 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $91.67.
Arch Coal, Inc. Class A (NASDAQ:ARCH) traded up 0.58% during mid-day trading on Tuesday, hitting $73.35. 110,768 shares of the stock were exchanged. The company’s 50-day moving average price is $71.92 and its 200 day moving average price is $73.49. The firm has a market capitalization of $1.84 billion and a price-to-earnings ratio of 1.12. Arch Coal, Inc. Class A has a 52 week low of $59.05 and a 52 week high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings data on Tuesday, May 2nd. The energy company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.60. The business had revenue of $600.97 million during the quarter, compared to analyst estimates of $590.60 million. The company’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter last year, the firm posted ($9.71) EPS. Equities research analysts expect that Arch Coal, Inc. Class A will post $10.24 EPS for the current year.
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The firm also recently declared a special dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be given a $0.35 dividend. The ex-dividend date is Friday, May 26th.
In other Arch Coal, Inc. Class A news, CEO John W. Eaves sold 2,030 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $71.42, for a total value of $144,982.60. Following the transaction, the chief executive officer now directly owns 3,727 shares of the company’s stock, valued at approximately $266,182.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Paul A. Lang sold 1,204 shares of the business’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $71.42, for a total transaction of $85,989.68. Following the completion of the transaction, the chief operating officer now directly owns 2,212 shares in the company, valued at $157,981.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,412 shares of company stock valued at $315,105.
Institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. bought a new position in Arch Coal, Inc. Class A during the fourth quarter worth $107,000. FNY Partners Fund LP boosted its position in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after buying an additional 1,500 shares during the period. Quadrature Capital Ltd bought a new position in Arch Coal, Inc. Class A during the fourth quarter worth $205,000. Oppenheimer Asset Management Inc. bought a new position in Arch Coal, Inc. Class A during the first quarter worth $219,000. Finally, Driehaus Capital Management LLC bought a new position in Arch Coal, Inc. Class A during the first quarter worth $229,000.
Arch Coal, Inc. Class A Company Profile
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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