Arch Coal (ARCH) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Arch Coal (NYSE:ARCH) from a sell rating to a hold rating in a report published on Monday.

Several other equities research analysts have also commented on ARCH. Stifel Nicolaus assumed coverage on shares of Arch Coal in a research note on Wednesday, June 27th. They set a hold rating and a $83.00 price target on the stock. Zacks Investment Research upgraded shares of Arch Coal from a hold rating to a buy rating and set a $89.00 price objective on the stock in a research note on Wednesday, June 27th. MKM Partners set a $106.00 price objective on shares of Arch Coal and gave the company a buy rating in a research note on Wednesday, June 6th. B. Riley dropped their price objective on shares of Arch Coal from $115.00 to $97.00 and set a buy rating on the stock in a research note on Friday, April 27th. Finally, Seaport Global Securities set a $112.00 price objective on shares of Arch Coal and gave the company a buy rating in a research note on Monday, April 23rd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $97.89.

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Shares of NYSE:ARCH opened at $79.59 on Monday. Arch Coal has a 12 month low of $67.97 and a 12 month high of $102.61. The company has a current ratio of 2.89, a quick ratio of 2.41 and a debt-to-equity ratio of 0.45. The firm has a market cap of $1.62 billion, a P/E ratio of 7.01 and a beta of 0.07.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings results on Thursday, April 26th. The energy company reported $2.95 EPS for the quarter, missing the Thomson Reuters’ 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 quarter in the prior year, the business earned $2.55 earnings per share. Arch Coal’s revenue was down 4.3% compared to the same quarter last year. equities analysts expect that Arch Coal will post 8.8 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 2.01%. Arch Coal’s dividend payout ratio is presently 14.08%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ARCH. Renaissance Technologies LLC increased its stake in shares of Arch Coal by 4,086.5% during the fourth quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock worth $20,281,000 after acquiring an additional 212,500 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Arch Coal by 20.7% during the first quarter. Dimensional Fund Advisors LP now owns 893,722 shares of the energy company’s stock worth $82,115,000 after acquiring an additional 153,520 shares during the period. Millennium Management LLC increased its stake in shares of Arch Coal by 57.6% during the first quarter. Millennium Management LLC now owns 345,625 shares of the energy company’s stock worth $31,756,000 after acquiring an additional 126,353 shares during the period. Ancora Advisors LLC acquired a new position in shares of Arch Coal during the first quarter worth about $10,146,000. Finally, Encompass Capital Advisors LLC acquired a new position in shares of Arch Coal during the fourth quarter worth about $9,316,000. Institutional investors own 92.61% of the company’s stock.

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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