Arch Coal (NYSE:ARCH) – Analysts at B. Riley dropped their Q1 2018 earnings per share estimates for Arch Coal in a research note issued to investors on Thursday, April 19th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $3.69 per share for the quarter, down from their previous estimate of $4.17. B. Riley also issued estimates for Arch Coal’s Q3 2018 earnings at $3.07 EPS.
Several other equities research analysts have also recently weighed in on the company. Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research report on Tuesday, January 2nd. JPMorgan Chase cut Arch Coal from an “overweight” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research report on Thursday, January 25th. Stifel Nicolaus set a $109.00 price target on Arch Coal and gave the company a “buy” rating in a research report on Tuesday, January 16th. Jefferies Group set a $120.00 price target on Arch Coal and gave the company a “buy” rating in a research report on Tuesday, February 13th. Finally, ValuEngine cut Arch Coal from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $102.44.
Shares of ARCH opened at $98.15 on Monday. Arch Coal has a twelve month low of $60.13 and a twelve month high of $102.61. The stock has a market cap of $2,104.77, a PE ratio of 8.64 and a beta of -0.13. The company has a current ratio of 2.49, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47.
Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.32 by $1.80. The company had revenue of $560.20 million for the quarter, compared to the consensus estimate of $574.83 million. During the same quarter in the prior year, the company earned $1.65 earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Arch Coal by 100.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,449 shares of the energy company’s stock worth $135,000 after purchasing an additional 725 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Arch Coal during the fourth quarter worth about $217,000. Jefferies Group LLC purchased a new position in shares of Arch Coal during the fourth quarter worth about $224,000. Amalgamated Bank purchased a new position in shares of Arch Coal during the fourth quarter worth about $226,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Arch Coal during the fourth quarter worth about $228,000. 80.99% of the stock is owned by institutional investors.
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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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