Arch Coal (NYSE:ARCH) Upgraded to Hold by ValuEngine

Arch Coal (NYSE:ARCH) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Tuesday, ValuEngine reports.

ARCH has been the topic of a number of 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. BMO Capital Markets lifted their price target on shares of Arch Coal from $100.00 to $110.00 and gave the company an “outperform” rating 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 note on Friday, October 25th. TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a report on Monday, October 7th. Finally, B. Riley cut their price objective on shares of Arch Coal from $118.00 to $100.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. 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 stock presently has an average rating of “Buy” and a consensus price target of $100.80.

ARCH stock traded up $0.24 during trading on Tuesday, reaching $73.05. The company had a trading volume of 144,316 shares, compared to its average volume of 253,254. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.55 and a quick ratio of 2.05. Arch Coal has a 52 week low of $68.63 and a 52 week high of $101.92. The business has a 50 day moving average of $78.31 and a 200 day moving average of $82.12. The company has a market cap of $1.08 billion, a P/E ratio of 4.82 and a beta of 0.35.

Arch Coal (NYSE:ARCH) last posted its quarterly earnings data on Tuesday, October 22nd. The energy company reported $6.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $3.05. Arch Coal had a return on equity of 39.77% and a net margin of 13.71%. The business had revenue of $619.50 million for the quarter, compared to analysts’ expectations of $571.40 million. During the same period in the previous year, the firm posted $6.10 EPS. The business’s revenue was down 2.2% on a year-over-year basis. Research analysts expect that Arch Coal will post 15.44 earnings per share for the current year.

In other news, COO Paul A. Lang sold 965 shares of the company’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 value of $80,548.55. Following the transaction, the chief operating officer now owns 4,302 shares in the company, valued at $359,087.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John T. Drexler sold 665 shares of the 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 $55,507.55. Following the sale, the chief financial officer now owns 3,016 shares in the company, valued at approximately $251,745.52. The disclosure for this sale can be found here. Insiders sold 3,130 shares of company stock worth $261,261 over the last three months. Corporate insiders own 0.63% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp increased its holdings in shares of Arch Coal by 36.6% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 5,600 shares of the energy company’s stock worth $535,000 after purchasing an additional 1,500 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Arch Coal by 4.7% during the third quarter. Rhumbline Advisers now owns 27,381 shares of the energy company’s stock valued at $2,032,000 after buying an additional 1,240 shares during the last quarter. Qtron Investments LLC boosted its position in shares of Arch Coal by 22.1% during the second quarter. Qtron Investments LLC now owns 2,969 shares of the energy company’s stock valued at $280,000 after buying an additional 538 shares during the last quarter. Holocene Advisors LP increased its holdings in Arch Coal by 65.7% in the 2nd quarter. Holocene Advisors LP now owns 9,287 shares of the energy company’s stock worth $875,000 after buying an additional 3,682 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Arch Coal in the 3rd quarter worth about $1,873,000.

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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