Arch Coal (NYSE:ARCH) had its target price upped by B. Riley from $95.00 to $96.00 in a report released on Wednesday morning. B. Riley currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for Arch Coal’s Q3 2018 earnings at $3.14 EPS and Q4 2018 earnings at $2.20 EPS.
Several other equities research analysts have also issued reports on ARCH. Zacks Investment Research upgraded shares of Arch Coal from a hold rating to a strong-buy rating and set a $108.00 price target for the company in a research note on Wednesday, April 4th. Seaport Global Securities set a $112.00 price target on shares of Arch Coal and gave the stock a buy rating in a research note on Monday, April 23rd. MKM Partners decreased their price target on shares of Arch Coal to $107.00 and set a buy rating for the company in a research note on Friday, April 27th. ValuEngine lowered shares of Arch Coal from a hold rating to a sell rating in a research note on Saturday, June 16th. Finally, Stifel Nicolaus began 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 for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. Arch Coal presently has an average rating of Buy and a consensus target price of $97.78.
Get Arch Coal alerts:NYSE:ARCH traded up $1.33 on Wednesday, hitting $88.34. The stock had a trading volume of 17,537 shares, compared to its average volume of 266,338. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.41 and a current ratio of 2.89. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 7.67 and a beta of 0.26. Arch Coal has a 1 year low of $68.95 and a 1 year high of $102.61.
Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, July 31st. The energy company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. The firm had revenue of $592.30 million during the quarter, compared to analyst estimates of $525.37 million. Arch Coal had a net margin of 10.80% and a return on equity of 39.28%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. sell-side analysts forecast that Arch Coal will post 9.47 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Investors of record on Friday, August 31st will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.60 dividend on an annualized basis and a yield of 1.81%. Arch Coal’s dividend payout ratio is 14.08%.
Institutional investors have recently added to or reduced their stakes in the stock. Delek Group Ltd. grew its stake in Arch Coal by 7.7% in the 1st quarter. Delek Group Ltd. now owns 201,666 shares of the energy company’s stock valued at $18,548,000 after buying an additional 14,466 shares in the last quarter. SG Americas Securities LLC grew its stake in Arch Coal by 217.4% in the 1st quarter. SG Americas Securities LLC now owns 10,047 shares of the energy company’s stock valued at $923,000 after buying an additional 6,882 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Arch Coal by 14.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 7,677 shares of the energy company’s stock valued at $715,000 after buying an additional 981 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Arch Coal by 36.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,162 shares of the energy company’s stock valued at $566,000 after buying an additional 1,635 shares in the last quarter. Finally, Alliancebernstein L.P. grew its stake in Arch Coal by 6.9% in the 4th quarter. Alliancebernstein L.P. now owns 33,350 shares of the energy company’s stock valued at $3,107,000 after buying an additional 2,150 shares in the last quarter. Institutional investors and hedge funds own 91.09% 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.
Recommended Story: Short Selling – Explanation For Shorting Stocks
No comments:
Post a Comment