Arch Coal (ARCH) Downgraded to Hold at Zacks Investment Research

Arch Coal (NYSE:ARCH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Arch Coal, Inc. is a natural resource company. It produces metallurgical and thermal coal, used to manufacture steel and generate electricity. The company operates primarily in Alabama, Indiana, Washington, Arkansas, California, Utah and Texas. Arch Coal, Inc. is headquartered in St. Louis, Missouri. “

ARCH has been the topic of several other reports. Stifel Nicolaus began coverage on Arch Coal in a research report on Wednesday, June 27th. They issued a “hold” rating and a $83.00 price objective on the stock. TheStreet upgraded Arch Coal from a “c” rating to a “b-” rating in a research report on Thursday. B. Riley boosted their price objective on Arch Coal from $95.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, August 1st. Seaport Global Securities restated a “buy” rating on shares of Arch Coal in a research report on Tuesday, July 31st. Finally, ValuEngine downgraded Arch Coal from a “hold” rating to a “sell” rating in a research report on Saturday, June 16th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Arch Coal has a consensus rating of “Buy” and a consensus price target of $102.63.

NYSE:ARCH traded up $1.12 during mid-day trading on Monday, hitting $92.51. 150,989 shares of the company traded hands, compared to its average volume of 311,257. Arch Coal has a one year low of $68.95 and a one year high of $102.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.07 and a current ratio of 2.53. The firm has a market capitalization of $1.75 billion, a PE ratio of 8.14 and a beta of 0.34.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, July 31st. The energy company reported $2.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.31. Arch Coal had a return on equity of 39.79% and a net margin of 10.80%. The business had revenue of $592.30 million for the quarter, compared to the consensus estimate of $525.37 million. During the same period in the previous year, the business earned $1.85 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. Equities analysts forecast that Arch Coal will post 10.8 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Arch Coal in the second quarter worth about $105,000. Trilogy Capital Inc. purchased a new stake in shares of Arch Coal in the second quarter worth about $173,000. Sei Investments Co. lifted its position in shares of Arch Coal by 3,230.4% in the first quarter. Sei Investments Co. now owns 2,631 shares of the energy company’s stock worth $242,000 after buying an additional 2,552 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Arch Coal in the first quarter worth about $245,000. Finally, Element Capital Management LLC purchased a new stake in shares of Arch Coal in the first quarter worth about $273,000. Institutional investors own 41.05% of the company’s stock.

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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