News stories about Arch Coal, Inc. Class A (NASDAQ:ARCH) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arch Coal, Inc. Class A earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 47.1230866004734 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 2.65% on Thursday, reaching $72.00. 236,023 shares of the company were exchanged. The stock’s 50-day moving average is $73.43 and its 200 day moving average is $72.54. The firm has a market capitalization of $1.75 billion and a PE ratio of 1.00. Arch Coal, Inc. Class A has a 12-month low of $60.13 and a 12-month high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The business had revenue of $549.87 million during the quarter, compared to analyst estimates of $596.76 million. Arch Coal, Inc. Class A’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, analysts forecast that Arch Coal, Inc. Class A will post $8.87 EPS for the current year.
ARCH has been the topic of a number of analyst reports. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Jefferies Group LLC set a $90.00 price target on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 18th. MKM Partners restated a “buy” rating and issued a $104.00 price target on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. Macquarie assumed coverage on shares of Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They issued a “neutral” rating and a $84.00 price target on the stock. Finally, Seaport Global Securities restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $93.00.
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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.
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