Arch Coal, Inc. Class A (ARCH) Earns “Buy” Rating from B. Riley

B. Riley restated their buy rating on shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) in a research report report published on Wednesday morning.

Several other brokerages have also recently issued reports on ARCH. Macquarie assumed coverage on shares of Arch Coal, Inc. Class A in a report on Thursday, September 7th. They issued a neutral rating and a $84.00 target price on the stock. MKM Partners restated a buy rating and issued a $98.00 target price (up previously from $93.00) on shares of Arch Coal, Inc. Class A in a report on Thursday, August 24th. Clarkson Capital restated a buy rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Stifel Nicolaus set a $92.00 price target on shares of Arch Coal, Inc. Class A and gave the company a buy rating in a report on Friday, August 25th. Finally, J P Morgan Chase & Co upgraded shares of Arch Coal, Inc. Class A from a neutral rating to an overweight rating and lifted their price target for the company from $80.00 to $90.00 in a report on Thursday, August 31st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $93.00.

Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) traded up $0.43 during trading on Wednesday, hitting $79.38. 349,474 shares of the stock traded hands.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.96. The firm had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same quarter in the prior year, the business posted ($1.43) EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis.

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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.76%. The ex-dividend date is Wednesday, November 29th.

Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. lifted its position in Arch Coal, Inc. Class A by 2.8% during the second quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock valued at $721,000 after buying an additional 287 shares during the period. Parkwood LLC lifted its position in Arch Coal, Inc. Class A by 8.3% during the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after buying an additional 360 shares during the period. Bank of America Corp DE lifted its position in Arch Coal, Inc. Class A by 3.3% during the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after buying an additional 370 shares during the period. Fiduciary Trust Co. lifted its position in Arch Coal, Inc. Class A by 26.0% during the third quarter. Fiduciary Trust Co. now owns 3,996 shares of the energy company’s stock valued at $287,000 after buying an additional 825 shares during the period. Finally, Royal Bank of Canada lifted its position in Arch Coal, Inc. Class A by 140.6% during the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares during the period.

About Arch Coal, Inc. Class A

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.

Analyst Recommendations for Arch Coal, Inc. Class A (NASDAQ:ARCH)

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