Arch Coal (NYSE:ARCH) – Investment analysts at Jefferies Group decreased their FY2018 EPS estimates for Arch Coal in a report issued on Monday, April 9th. Jefferies Group analyst C. Lafemina now expects that the energy company will earn $11.97 per share for the year, down from their prior forecast of $12.44. Jefferies Group has a “Buy” rating and a $120.00 price objective on the stock.
Several other brokerages have also recently commented on ARCH. ValuEngine upgraded shares of Arch Coal from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 28th. Zacks Investment Research cut shares of Arch Coal from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 20th. Stifel Nicolaus set a $109.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Finally, JPMorgan Chase lifted their price target on shares of Arch Coal from $90.00 to $94.00 and gave the stock a “hold” rating in a research report on Thursday, February 15th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $101.25.
Shares of NYSE:ARCH opened at $97.84 on Wednesday. Arch Coal has a one year low of $60.13 and a one year high of $101.84. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.49.
Arch Coal (NYSE:ARCH) last announced its earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.32 by $1.80. The company had revenue of $560.20 million during the quarter, compared to the consensus estimate of $574.83 million. During the same period in the prior year, the firm posted $1.65 earnings per share. The company’s revenue was down 2.7% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.64%. This is a boost from Arch Coal’s previous quarterly dividend of $0.35. Arch Coal’s payout ratio is currently 14.08%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in Arch Coal by 100.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock valued at $135,000 after buying an additional 725 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new position in Arch Coal in the fourth quarter valued at approximately $217,000. Jefferies Group LLC bought a new position in Arch Coal in the fourth quarter valued at approximately $224,000. Amalgamated Bank bought a new position in Arch Coal in the fourth quarter valued at approximately $226,000. Finally, Fox Run Management L.L.C. bought a new position in Arch Coal in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.
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Arch Coal Company Profile
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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