Arch Coal (NYSE:ARCH) received a $126.00 price target from MKM Partners in a report released on Thursday. The brokerage presently has a “buy” rating on the energy company’s stock. MKM Partners’ price target would indicate a potential upside of 33.64% from the company’s previous close.
ARCH has been the topic of several other reports. Zacks Investment Research raised shares of Arch Coal from a “hold” rating to a “strong-buy” rating and set a $104.00 target price on the stock in a report on Tuesday, September 11th. B. Riley raised their target price on shares of Arch Coal from $106.00 to $107.00 and gave the stock a “buy” rating in a report on Wednesday, October 24th. ValuEngine raised shares of Arch Coal from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal in a report on Tuesday, July 31st. Finally, TheStreet raised shares of Arch Coal from a “c” rating to a “b-” rating in a report on Thursday, October 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Arch Coal presently has a consensus rating of “Buy” and an average target price of $105.88.
Shares of ARCH traded up $0.39 during mid-day trading on Thursday, hitting $94.28. 250,565 shares of the company’s stock were exchanged, compared to its average volume of 331,673. Arch Coal has a 52 week low of $75.09 and a 52 week high of $102.61. The stock has a market capitalization of $1.79 billion, a PE ratio of 8.30 and a beta of -0.11. 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 announced its earnings results on Tuesday, October 23rd. The energy company reported $6.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.02 by $3.31. Arch Coal had a net margin of 13.03% and a return on equity of 49.50%. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $562.34 million. During the same period last year, the firm earned $2.54 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts predict that Arch Coal will post 15.05 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in ARCH. Guggenheim Capital LLC increased its stake in Arch Coal by 29.1% in the first quarter. Guggenheim Capital LLC now owns 7,401 shares of the energy company’s stock valued at $680,000 after acquiring an additional 1,670 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Arch Coal by 1,225.0% in the first quarter. Allianz Asset Management GmbH now owns 106,809 shares of the energy company’s stock valued at $9,813,000 after acquiring an additional 98,748 shares during the last quarter. James Investment Research Inc. bought a new position in Arch Coal in the second quarter valued at approximately $1,894,000. Skylands Capital LLC increased its stake in Arch Coal by 5.5% in the second quarter. Skylands Capital LLC now owns 315,125 shares of the energy company’s stock valued at $24,715,000 after acquiring an additional 16,325 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Arch Coal by 80.5% in the second quarter. Meeder Asset Management Inc. now owns 4,368 shares of the energy company’s stock valued at $343,000 after acquiring an additional 1,948 shares during the last quarter. 45.94% of the stock is currently owned by institutional investors and hedge funds.
About Arch Coal
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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