Arch Coal (NYSE:ARCH) Price Target Cut to $100.00

Arch Coal (NYSE:ARCH) had its price objective decreased by investment analysts at B. Riley from $118.00 to $100.00 in a note issued to investors on Tuesday, Briefing.com Automated Import reports. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s price objective would indicate a potential upside of 30.84% from the company’s current price. B. Riley also issued estimates for Arch Coal’s FY2020 earnings at $9.10 EPS and FY2021 earnings at $8.87 EPS.

Several other equities research analysts also recently weighed in on ARCH. ValuEngine raised Arch Coal from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. BMO Capital Markets increased their price target on Arch Coal from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised Arch Coal from a “hold” rating to a “buy” rating and increased their price target for the stock from $80.00 to $100.00 in a research report on Wednesday, October 23rd. TheStreet raised Arch Coal from a “c” rating to a “b-” rating in a research report on Monday, October 7th. Finally, Zacks Investment Research raised Arch Coal from a “strong sell” rating to a “hold” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $100.80.

ARCH stock traded down $0.45 during midday trading on Tuesday, reaching $76.43. The stock had a trading volume of 323,669 shares, compared to its average volume of 287,405. The stock has a market cap of $1.14 billion, a PE ratio of 5.04 and a beta of 0.39. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.55. The firm has a fifty day simple moving average of $78.68 and a two-hundred day simple moving average of $84.07. Arch Coal has a 52-week low of $68.63 and a 52-week high of $101.92.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Tuesday, October 22nd. The energy company reported $6.34 earnings per share for the quarter, topping the consensus estimate of $3.29 by $3.05. The company had revenue of $619.50 million for the quarter, compared to the consensus estimate of $571.40 million. Arch Coal had a return on equity of 39.77% and a net margin of 13.71%. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period last year, the firm earned $6.10 EPS. On average, sell-side analysts predict that Arch Coal will post 16.21 EPS for the current fiscal year.

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In other news, COO Paul A. Lang sold 965 shares of the firm’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $83.47, for a total transaction of $80,548.55. Following the sale, the chief operating officer now directly owns 4,302 shares in the company, valued at approximately $359,087.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John T. Drexler sold 665 shares of the firm’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $83.47, for a total value of $55,507.55. Following the sale, the chief financial officer now owns 3,016 shares in the company, valued at $251,745.52. The disclosure for this sale can be found here. Insiders have sold a total of 3,130 shares of company stock worth $261,261 over the last 90 days. Insiders own 0.63% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of Arch Coal by 1.8% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 7,674 shares of the energy company’s stock valued at $723,000 after acquiring an additional 135 shares during the period. US Bancorp DE grew its position in shares of Arch Coal by 40.8% during the 2nd quarter. US Bancorp DE now owns 507 shares of the energy company’s stock valued at $48,000 after acquiring an additional 147 shares during the period. United Services Automobile Association grew its position in shares of Arch Coal by 5.3% during the 2nd quarter. United Services Automobile Association now owns 4,683 shares of the energy company’s stock valued at $441,000 after acquiring an additional 237 shares during the period. Bessemer Group Inc. grew its position in shares of Arch Coal by 0.8% during the 2nd quarter. Bessemer Group Inc. now owns 36,400 shares of the energy company’s stock valued at $3,429,000 after acquiring an additional 300 shares during the period. Finally, Country Club Trust Company n.a. grew its position in shares of Arch Coal by 9.0% during the 3rd quarter. Country Club Trust Company n.a. now owns 3,890 shares of the energy company’s stock valued at $289,000 after acquiring an additional 322 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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