Arch Coal (NYSE:ARCH) Trading 5.5% Higher After Better-Than-Expected Earnings

Arch Coal Inc (NYSE:ARCH) shares traded up 5.5% during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $89.42 and last traded at $83.29, 625,006 shares changed hands during trading. An increase of 152% from the average session volume of 247,817 shares. The stock had previously closed at $78.93.

The energy company reported $6.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.21 by $2.13. The company had revenue of $619.50 million for the quarter, compared to analyst estimates of $571.40 million. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $6.10 earnings per share.

A number of analysts have issued reports on the company. BMO Capital Markets raised Arch Coal from a “market perform” rating to an “outperform” rating and cut their target price for the company from $105.00 to $100.00 in a research report on Thursday, September 5th. ValuEngine raised Arch Coal from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Zacks Investment Research lowered Arch Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 24th. Jefferies Financial Group lowered Arch Coal from a “buy” rating to a “hold” rating and cut their target price for the company from $115.00 to $80.00 in a research report on Tuesday, August 6th. Finally, TheStreet raised Arch Coal from a “c” rating to a “b-” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $101.43.

In related news, Director Holly K. Koeppel acquired 2,200 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were acquired at an average price of $89.02 per share, with a total value of $195,844.00. Following the completion of the transaction, the director now owns 2,200 shares of the company’s stock, valued at $195,844. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

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

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.67 and a quick ratio of 2.12. The business’s 50 day moving average is $77.14 and its 200 day moving average is $85.29. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 5.50 and a beta of 0.38.

About Arch Coal (NYSE:ARCH)

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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