Arch Coal (ARCH) Upgraded to B- at TheStreet

TheStreet upgraded shares of Arch Coal (NYSE:ARCH) from a c rating to a b- rating in a research report sent to investors on Thursday morning.

ARCH has been the topic of several other reports. Zacks Investment Research upgraded shares of Arch Coal from a hold rating to a strong-buy rating and set a $104.00 price objective on the stock in a report on Tuesday, September 11th. B. Riley increased their price target on Arch Coal from $96.00 to $106.00 and gave the company a buy rating in a research note on Wednesday, September 19th. Seaport Global Securities reissued a buy rating on shares of Arch Coal in a research note on Tuesday, July 31st. MKM Partners set a $106.00 price target on Arch Coal and gave the company a buy rating in a research note on Wednesday, June 6th. Finally, ValuEngine downgraded Arch Coal from a hold rating to a sell rating in a research note on Saturday, June 16th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $102.63.

Arch Coal stock opened at $91.39 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.07 and a current ratio of 2.53. Arch Coal has a 1 year low of $68.95 and a 1 year high of $102.61. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 8.04 and a beta of 0.34.

Arch Coal (NYSE:ARCH) last released its earnings results on Tuesday, July 31st. The energy company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.31. Arch Coal had a net margin of 10.80% and a return on equity of 39.79%. The company had revenue of $592.30 million for the quarter, compared to the consensus estimate of $525.37 million. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Arch Coal will post 10.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.75%. Arch Coal’s dividend payout ratio is 14.08%.

Several large investors have recently made changes to their positions in the stock. Davidson Kempner Capital Management LP raised its holdings in Arch Coal by 260.8% in the second quarter. Davidson Kempner Capital Management LP now owns 628,010 shares of the energy company’s stock worth $49,255,000 after purchasing an additional 453,955 shares during the period. Dimensional Fund Advisors LP raised its holdings in Arch Coal by 20.7% in the first quarter. Dimensional Fund Advisors LP now owns 893,722 shares of the energy company’s stock worth $82,115,000 after purchasing an additional 153,520 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Arch Coal by 275.0% in the second quarter. Robeco Institutional Asset Management B.V. now owns 201,720 shares of the energy company’s stock worth $15,821,000 after purchasing an additional 147,933 shares during the period. Millennium Management LLC raised its holdings in Arch Coal by 57.6% in the first quarter. Millennium Management LLC now owns 345,625 shares of the energy company’s stock worth $31,756,000 after purchasing an additional 126,353 shares during the period. Finally, Point72 Asset Management L.P. raised its holdings in Arch Coal by 1,083.3% in the second quarter. Point72 Asset Management L.P. now owns 122,000 shares of the energy company’s stock worth $9,568,000 after purchasing an additional 111,690 shares during the period. Institutional investors and hedge funds 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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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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