Arch Coal Inc (NYSE:ARCH) shares rose 5.7% during trading on Monday . The stock traded as high as $81.25 and last traded at $81.00, approximately 220,608 shares traded hands during trading. A decline of 11% from the average daily volume of 247,898 shares. The stock had previously closed at $76.64.

A number of brokerages have recently weighed in on ARCH. Zacks Investment Research cut Arch Coal from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. B. Riley set a $116.00 target price on Arch Coal and gave the stock a “buy” rating in a research note on Thursday, August 22nd. TheStreet lowered Arch Coal from a “b” rating to a “c+” rating in a research note on Wednesday, May 29th. Jefferies Financial Group cut Arch Coal from a “buy” rating to a “hold” rating and lowered their target price for the company from $115.00 to $80.00 in a report on Tuesday, August 6th. Finally, BMO Capital Markets raised Arch Coal from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $105.00 to $100.00 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $104.17.

The stock has a market capitalization of $1.32 billion, a PE ratio of 5.45 and a beta of 0.38. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.67. The firm’s 50 day moving average is $79.08 and its two-hundred day moving average is $88.16.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings results on Wednesday, July 24th. The energy company reported $3.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.23 by $0.30. The company had revenue of $570.22 million during the quarter, compared to analysts’ expectations of $558.75 million. Arch Coal had a net margin of 14.31% and a return on equity of 48.65%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 EPS. On average, analysts anticipate that Arch Coal Inc will post 15.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Thursday, August 29th. Arch Coal’s payout ratio is currently 11.88%.

In related news, Director Holly K. Koeppel bought 2,200 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was purchased at an average cost of $89.02 per share, for a total transaction of $195,844.00. Following the completion of the acquisition, the director now owns 2,200 shares in the company, valued at approximately $195,844. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. OMERS ADMINISTRATION Corp lifted its stake in Arch Coal by 36.6% in the second quarter. OMERS ADMINISTRATION Corp now owns 5,600 shares of the energy company’s stock worth $535,000 after acquiring an additional 1,500 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Arch Coal in the 1st quarter valued at $1,755,000. Hartree Partners LP acquired a new stake in shares of Arch Coal in the 1st quarter valued at $4,107,000. B. Riley Financial Inc. acquired a new stake in shares of Arch Coal in the 1st quarter valued at $299,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Arch Coal by 160.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 20,245 shares of the energy company’s stock worth $1,907,000 after purchasing an additional 12,483 shares during the last quarter.

Arch Coal Company Profile (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.

Further Reading: Neutral Rating

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