Arch Coal (ARCH) – Research Analysts’ Recent Ratings Changes

Arch Coal (NYSE: ARCH) has recently received a number of price target changes and ratings updates:

  • 11/8/2018 – Arch Coal was given a new $126.00 price target on by analysts at MKM Partners. They now have a “buy” rating on the stock.
  • 11/1/2018 – Arch Coal was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/24/2018 – Arch Coal was given a new $101.00 price target on by analysts at Macquarie. They now have a “hold” rating on the stock.
  • 10/24/2018 – Arch Coal had its price target raised by analysts at B. Riley from $106.00 to $107.00. They now have a “buy” rating on the stock.
  • 10/12/2018 – Arch Coal was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/9/2018 – Arch Coal was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “
  • 10/8/2018 – Arch Coal was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “
  • 10/4/2018 – Arch Coal was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 9/19/2018 – Arch Coal had its price target raised by analysts at B. Riley from $96.00 to $106.00. They now have a “buy” rating on the stock.
  • 9/11/2018 – Arch Coal was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $104.00 price target on the stock. According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “

Shares of ARCH stock traded down $1.56 during trading hours on Friday, reaching $92.33. 3,126 shares of the company’s stock were exchanged, compared to its average volume of 332,591. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 8.13 and a beta of -0.11. Arch Coal Inc has a 1 year low of $75.09 and a 1 year high of $102.61. The company has a current ratio of 2.62, a quick ratio of 2.13 and a debt-to-equity ratio of 0.44.

Arch Coal (NYSE:ARCH) last issued its earnings results on Tuesday, October 23rd. The energy company reported $6.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $3.31. The business had revenue of $633.20 million during the quarter, compared to the consensus estimate of $562.34 million. Arch Coal had a return on equity of 49.50% and a net margin of 13.03%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.54 EPS. On average, equities analysts forecast that Arch Coal Inc will post 15.05 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 29th. Arch Coal’s dividend payout ratio (DPR) is 14.08%.

Several hedge funds have recently modified their holdings of the company. OppenheimerFunds Inc. raised its stake in shares of Arch Coal by 0.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 3,266,210 shares of the energy company’s stock worth $256,169,000 after buying an additional 14,178 shares in the last quarter. BlackRock Inc. raised its stake in shares of Arch Coal by 3.8% during the 2nd quarter. BlackRock Inc. now owns 1,317,496 shares of the energy company’s stock worth $103,331,000 after buying an additional 48,463 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Arch Coal by 9.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 977,758 shares of the energy company’s stock worth $76,686,000 after buying an additional 84,036 shares in the last quarter. Ashler Capital LLC raised its stake in shares of Arch Coal by 15.8% during the 2nd quarter. Ashler Capital LLC now owns 717,502 shares of the energy company’s stock worth $56,274,000 after buying an additional 97,785 shares in the last quarter. Finally, Davidson Kempner Capital Management LP raised its stake in shares of Arch Coal by 260.8% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 628,010 shares of the energy company’s stock worth $49,255,000 after buying an additional 453,955 shares in the last quarter. 45.94% of the stock is owned by institutional investors and hedge funds.

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2017, the company operated 9 active mines located in Wyoming, West Virginia, Kentucky, Virginia, Colorado, and Illinois. 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; 10,108 acres of coal land in Virginia; 359,160 acres of coal land in West Virginia; 98,488 acres of coal land in Wyoming; 267,857 acres of coal land in Illinois; 34,446 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 20,165 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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