Arch Coal (NYSE:ARCH) Price Target Cut to $100.00 by Analysts at B. Riley

Arch Coal (NYSE:ARCH) had its target price trimmed by B. Riley from $118.00 to $100.00 in a research report sent to investors on Tuesday morning, Briefing.com Automated Import reports. The firm currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for Arch Coal’s FY2020 earnings at $9.10 EPS and FY2021 earnings at $8.87 EPS.

Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Arch Coal from a c rating to a b- rating in a report on Monday, October 7th. BMO Capital Markets boosted their price target on shares of Arch Coal from $100.00 to $110.00 and gave the company an outperform rating in a report on Wednesday, October 23rd. Jefferies Financial Group raised shares of Arch Coal from a hold rating to a buy rating and boosted their price target for the company from $80.00 to $100.00 in a report on Wednesday, October 23rd. Seaport Global Securities set a $92.00 price target on shares of Arch Coal and gave the company a buy rating in a report on Tuesday, October 8th. Finally, Zacks Investment Research raised shares of Arch Coal from a strong sell rating to a hold rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Arch Coal has a consensus rating of Buy and a consensus price target of $100.80.

NYSE:ARCH traded down $0.45 during trading hours on Tuesday, hitting $76.43. 323,669 shares of the company traded hands, compared to its average volume of 287,405. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 5.04 and a beta of 0.39. Arch Coal has a twelve month low of $68.63 and a twelve month high of $101.92. The firm has a 50-day moving average of $78.68 and a 200 day moving average of $84.07. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, November 27th. Arch Coal’s dividend payout ratio (DPR) is presently 11.88%.

In other news, COO Paul A. Lang sold 965 shares of the company’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 $80,548.55. Following the sale, the chief operating officer now owns 4,302 shares of the company’s stock, valued at approximately $359,087.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO John T. Drexler sold 665 shares of the company’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 $55,507.55. Following the completion of the sale, the chief financial officer now directly owns 3,016 shares in the company, valued at approximately $251,745.52. The disclosure for this sale can be found here. Insiders sold a total of 3,130 shares of company stock worth $261,261 in the last three months. Insiders own 0.63% of the company’s stock.

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

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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