Arch Coal (NYSE:ARCH) was upgraded by investment analysts at ValuEngine from a "hold" rating to a "buy" rating in a research report issued on Friday, ValuEngine reports.
Several other research analysts also recently commented on ARCH. Benchmark cut their target price on Arch Coal from $75.00 to $48.00 and set a "sell" rating for the company in a research note on Tuesday, April 7th. Stifel Nicolaus dropped their price target on Arch Coal from $79.00 to $46.00 and set a "hold" rating for the company in a research report on Tuesday, March 10th. Zacks Investment Research downgraded Arch Coal from a "hold" rating to a "sell" rating and set a $33.00 price target for the company. in a research report on Wednesday, June 3rd. B. Riley dropped their price target on Arch Coal from $73.00 to $67.00 in a research report on Tuesday. Finally, Jefferies Financial Group downgraded Arch Coal from a "buy" rating to a "hold" rating and dropped their price target for the company from $50.00 to $26.00 in a research report on Monday, April 27th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Arch Coal presently has a consensus rating of "Hold" and a consensus target price of $60.29.
Shares of NYSE ARCH opened at $29.46 on Friday. Arch Coal has a 52 week low of $21.80 and a 52 week high of $94.96. The business has a 50-day simple moving average of $32.19 and a two-hundred day simple moving average of $44.45. The company has a quick ratio of 1.75, a current ratio of 2.28 and a debt-to-equity ratio of 0.56. The company has a market cap of $430.20 million, a P/E ratio of 3.86 and a beta of 0.94.
Arch Coal (NYSE:ARCH) last issued its earnings results on Thursday, April 23rd. The energy company reported ($1.67) EPS for the quarter, missing the consensus estimate of ($1.12) by ($0.55). Arch Coal had a return on equity of 15.75% and a net margin of 6.33%. The company had revenue of $405.23 million during the quarter, compared to the consensus estimate of $396.50 million. During the same quarter in the prior year, the business earned $3.91 EPS. The firm's revenue for the quarter was down 27.0% compared to the same quarter last year. Equities research analysts anticipate that Arch Coal will post -1.67 EPS for the current year.
In related news, Director Robert B. Hamill bought 2,000 shares of the company's stock in a transaction on Monday, May 18th. The shares were acquired at an average cost of $31.59 per share, with a total value of $63,180.00. Insiders own 5.00% of the company's stock.
Hedge funds have recently bought and sold shares of the company. Maverick Capital Ltd. purchased a new position in shares of Arch Coal in the first quarter worth $1,186,000. Squarepoint Ops LLC increased its position in Arch Coal by 294.8% in the first quarter. Squarepoint Ops LLC now owns 22,932 shares of the energy company's stock worth $663,000 after buying an additional 17,123 shares in the last quarter. Tower Research Capital LLC TRC purchased a new stake in Arch Coal in the first quarter worth about $136,000. BNP Paribas Arbitrage SA increased its position in Arch Coal by 53.8% in the first quarter. BNP Paribas Arbitrage SA now owns 6,302 shares of the energy company's stock worth $182,000 after buying an additional 2,204 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Arch Coal by 4,430.8% in the first quarter. Deutsche Bank AG now owns 428,344 shares of the energy company's stock worth $12,379,000 after acquiring an additional 418,890 shares during the period.
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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