Arch Coal Inc (NYSE:ARCH) has earned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $99.14.
A number of equities analysts have recently commented on the company. Stifel Nicolaus assumed coverage on Arch Coal in a research report on Wednesday, June 27th. They set a “hold” rating and a $83.00 price objective for the company. MKM Partners lowered their price objective on Arch Coal to $107.00 and set a “buy” rating for the company in a research report on Friday, April 27th. Seaport Global Securities set a $112.00 price objective on Arch Coal and gave the stock a “buy” rating in a research report on Monday, April 23rd. B. Riley lowered their price objective on Arch Coal from $97.00 to $95.00 and set a “$79.11” rating for the company in a research report on Thursday. Finally, Zacks Investment Research raised Arch Coal from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Wednesday, June 27th.
Get Arch Coal alerts:NYSE ARCH traded up $0.46 during trading on Friday, hitting $79.57. The stock had a trading volume of 129,200 shares, compared to its average volume of 340,976. The company has a market cap of $1.66 billion, a P/E ratio of 6.96 and a beta of 0.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.89 and a quick ratio of 2.41. Arch Coal has a twelve month low of $68.95 and a twelve month high of $102.61.
Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Thursday, April 26th. The energy company reported $2.95 EPS for the quarter, missing the Zacks’ consensus estimate of $4.30 by ($1.35). Arch Coal had a return on equity of 39.10% and a net margin of 10.73%. The company had revenue of $575.30 million for the quarter, compared to analyst estimates of $594.04 million. During the same period in the prior year, the firm posted $2.55 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. analysts anticipate that Arch Coal will post 9.47 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in Arch Coal during the fourth quarter worth approximately $2,223,000. Wells Fargo & Company MN lifted its stake in Arch Coal by 14.9% during the fourth quarter. Wells Fargo & Company MN now owns 54,097 shares of the energy company’s stock worth $5,039,000 after purchasing an additional 7,008 shares during the last quarter. Amalgamated Bank purchased a new stake in Arch Coal during the fourth quarter worth approximately $226,000. Allianz Asset Management GmbH lifted its stake in Arch Coal by 7.7% during the fourth quarter. Allianz Asset Management GmbH now owns 8,061 shares of the energy company’s stock worth $751,000 after purchasing an additional 575 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Arch Coal by 6.9% during the fourth quarter. Alliancebernstein L.P. now owns 33,350 shares of the energy company’s stock worth $3,107,000 after purchasing an additional 2,150 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.
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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