ValuEngine upgraded shares of Arch Coal (NYSE:ARCH) from a sell rating to a hold rating in a research report sent to investors on Tuesday, ValuEngine reports.
A number of other analysts also recently issued reports on the company. BMO Capital Markets raised Arch Coal from a market perform rating to an outperform rating and decreased their price target for the stock from $105.00 to $100.00 in a report on Thursday, September 5th. Zacks Investment Research downgraded Arch Coal from a hold rating to a strong sell rating in a report on Tuesday, September 24th. Seaport Global Securities set a $92.00 price target on Arch Coal and gave the stock a buy rating in a report on Tuesday, October 8th. Jefferies Financial Group downgraded Arch Coal from a buy rating to a hold rating and decreased their price target for the stock from $115.00 to $80.00 in a report on Tuesday, August 6th. Finally, B. Riley set a $116.00 price target on Arch Coal and gave the stock a buy rating in a report on Thursday, August 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Arch Coal presently has an average rating of Hold and a consensus target price of $101.43.
Shares of NYSE ARCH opened at $78.98 on Tuesday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 5.21 and a beta of 0.38. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.67 and a quick ratio of 2.12. The business has a 50-day moving average of $76.80 and a two-hundred day moving average of $85.51. Arch Coal has a 1 year low of $68.63 and a 1 year high of $101.92.
Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.23 by $0.30. The company had revenue of $570.22 million during the quarter, compared to the consensus estimate of $558.75 million. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. Arch Coal’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. As a group, equities research analysts expect that Arch Coal will post 14.01 earnings per share for the current year.
In other news, Director Holly K. Koeppel bought 2,200 shares of Arch Coal stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $89.02 per share, with a total value of $195,844.00. Following the acquisition, the director now owns 2,200 shares of the company’s stock, valued at $195,844. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Arch Coal by 2,710.1% in the 2nd quarter. Invesco Ltd. now owns 3,325,897 shares of the energy company’s stock valued at $313,333,000 after purchasing an additional 3,207,540 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Arch Coal by 0.5% in the 2nd quarter. BlackRock Inc. now owns 1,248,850 shares of the energy company’s stock valued at $117,655,000 after purchasing an additional 6,297 shares during the last quarter. Packer & Co Ltd lifted its holdings in shares of Arch Coal by 59.4% in the 2nd quarter. Packer & Co Ltd now owns 963,346 shares of the energy company’s stock valued at $54,703,000 after purchasing an additional 358,846 shares during the last quarter. Luminus Management LLC lifted its holdings in shares of Arch Coal by 1,221.7% in the 2nd quarter. Luminus Management LLC now owns 660,439 shares of the energy company’s stock valued at $62,220,000 after purchasing an additional 610,471 shares during the last quarter. Finally, LSV Asset Management lifted its holdings in shares of Arch Coal by 16.5% in the 2nd quarter. LSV Asset Management now owns 564,521 shares of the energy company’s stock valued at $53,183,000 after purchasing an additional 79,899 shares during the last quarter.
About Arch Coal
Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. 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; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 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 19,146 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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