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

Arch Coal (NYSE:ARCH) had its price objective cut by B. Riley from $118.00 to $100.00 in a research report report published on Tuesday morning, Briefing.com Automated Import reports. They currently have 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.

ARCH has been the topic of several other reports. Seaport Global Securities set a $92.00 target price on shares of Arch Coal and gave the stock a buy rating in a research report on Tuesday, October 8th. Jefferies Financial Group raised shares of Arch Coal from a hold rating to a buy rating and lifted their target price for the stock from $80.00 to $100.00 in a research report on Wednesday, October 23rd. Zacks Investment Research raised shares of Arch Coal from a strong sell rating to a hold rating in a research report on Friday, October 25th. ValuEngine raised shares of Arch Coal from a sell rating to a hold rating in a research report on Tuesday, October 15th. Finally, TheStreet raised shares of Arch Coal from a c rating to a b- rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $100.80.

Shares of Arch Coal stock traded down $0.45 during trading on Tuesday, hitting $76.43. The stock had a trading volume of 323,669 shares, compared to its average volume of 287,405. The stock has a 50 day simple moving average of $78.68 and a 200 day simple moving average of $84.07. The company has a market capitalization of $1.14 billion, a PE ratio of 5.04 and a beta of 0.39. The company has a quick ratio of 2.05, a current ratio of 2.55 and a debt-to-equity ratio of 0.42. Arch Coal has a 1 year low of $68.63 and a 1 year high of $101.92.

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

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

In related news, CEO John W. Eaves sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $83.47, for a total transaction of $125,205.00. Following the transaction, the chief executive officer now directly owns 6,977 shares of the company’s stock, valued at $582,370.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Paul A. Lang sold 965 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $83.47, for a total transaction of $80,548.55. Following the transaction, the chief operating officer now directly owns 4,302 shares in the company, valued at $359,087.94. The disclosure for this sale can be found here. Insiders have sold 3,130 shares of company stock worth $261,261 over the last ninety days. 0.63% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in ARCH. Wealthcare Advisory Partners LLC purchased a new position in Arch Coal during the second quarter valued at approximately $32,000. US Bancorp DE lifted its stake in Arch Coal by 40.8% in the second quarter. US Bancorp DE now owns 507 shares of the energy company’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in Arch Coal in the second quarter valued at approximately $60,000. NumerixS Investment Technologies Inc acquired a new stake in Arch Coal in the second quarter valued at approximately $75,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Arch Coal in the second quarter valued at approximately $76,000.

Arch Coal Company Profile

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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