Arch Coal (ARCH) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of Arch Coal (NYSE:ARCH) from a hold rating to a buy rating in a research note published on Friday.

A number of other analysts have also recently commented on ARCH. Zacks Investment Research cut Arch Coal from a buy rating to a hold rating in a research report on Monday, October 8th. Stifel Nicolaus began coverage on Arch Coal in a research report on Wednesday, June 27th. They set a hold rating and a $83.00 price objective for the company. TheStreet upgraded Arch Coal from a c rating to a b- rating in a research report on Thursday, October 4th. B. Riley dropped their price objective on Arch Coal from $97.00 to $95.00 and set a $79.11 rating for the company in a research report on Thursday, July 19th. Finally, Seaport Global Securities reiterated a buy rating on shares of Arch Coal in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $103.57.

Arch Coal stock traded up $0.87 during midday trading on Friday, reaching $91.65. 236,464 shares of the company were exchanged, compared to its average volume of 309,978. The stock has a market cap of $1.75 billion, a PE ratio of 8.07 and a beta of 0.34. Arch Coal has a 1 year low of $68.95 and a 1 year high of $102.61. The company has a current ratio of 2.53, a quick ratio of 2.07 and a debt-to-equity ratio of 0.48.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, July 31st. The energy company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.31. The firm had revenue of $592.30 million during the quarter, compared to analysts’ expectations of $525.37 million. Arch Coal had a return on equity of 39.79% and a net margin of 10.80%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.85 EPS. On average, equities analysts predict that Arch Coal will post 10.8 EPS for the current year.

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

A number of institutional investors and hedge funds have recently bought and sold shares of ARCH. PNC Financial Services Group Inc. purchased a new stake in Arch Coal in the 1st quarter valued at about $299,000. BNP Paribas Arbitrage SA grew its holdings in Arch Coal by 36.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,162 shares of the energy company’s stock valued at $566,000 after buying an additional 1,635 shares during the period. Sei Investments Co. grew its holdings in Arch Coal by 3,230.4% in the 1st quarter. Sei Investments Co. now owns 2,631 shares of the energy company’s stock valued at $242,000 after buying an additional 2,552 shares during the period. Nuveen Asset Management LLC grew its holdings in Arch Coal by 13.6% in the 1st quarter. Nuveen Asset Management LLC now owns 15,000 shares of the energy company’s stock valued at $1,378,000 after buying an additional 1,800 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Arch Coal by 1,225.0% in the 1st quarter. Allianz Asset Management GmbH now owns 106,809 shares of the energy company’s stock valued at $9,813,000 after buying an additional 98,748 shares during the period. Institutional investors own 41.05% of the company’s stock.

Arch Coal Company Profile

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.

See Also: Cash Flow

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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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