Shares of Arch Coal Inc (NYSE:ARCH) have been given an average recommendation of “Hold” by the eleven research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $103.71.
A number of research firms have recently issued reports on ARCH. TheStreet upgraded Arch Coal from a “c” rating to a “b-” rating in a research note on Thursday, October 4th. ValuEngine downgraded Arch Coal from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Zacks Investment Research downgraded Arch Coal from a “buy” rating to a “hold” rating in a report on Monday, December 17th. BMO Capital Markets assumed coverage on Arch Coal in a report on Friday, November 30th. They issued a “market perform” rating and a $95.00 price target for the company. Finally, Macquarie set a $101.00 price target on Arch Coal and gave the company a “hold” rating in a report on Wednesday, October 24th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new position in Arch Coal in the second quarter valued at about $105,000. Trilogy Capital Inc. purchased a new position in Arch Coal in the second quarter valued at about $173,000. Ontario Teachers Pension Plan Board bought a new position in Arch Coal during the 3rd quarter worth approximately $208,000. Amalgamated Bank bought a new position in Arch Coal during the 3rd quarter worth approximately $214,000. Finally, Jane Street Group LLC bought a new position in Arch Coal during the 2nd quarter worth approximately $237,000. 74.32% of the stock is owned by hedge funds and other institutional investors.
Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, October 23rd. The energy company reported $6.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.02 by $3.31. Arch Coal had a return on equity of 49.50% and a net margin of 13.03%. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $562.34 million. During the same quarter last year, the firm earned $2.54 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, equities research analysts predict that Arch Coal will post 14.77 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Friday, November 30th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Thursday, November 29th. Arch Coal’s dividend payout ratio is currently 14.08%.
About Arch Coal
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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