Arch Coal (NYSE:ARCH) Downgraded by ValuEngine

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ValuEngine downgraded shares of Arch Coal (NYSE:ARCH) from a sell rating to a strong sell rating in a report issued on Thursday, ValuEngine reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Arch Coal from a hold rating to a buy rating and set a $102.00 price objective for the company in a research report on Monday, July 29th. BMO Capital Markets upped their price objective on Arch Coal to $115.00 and gave the stock a market perform rating in a research report on Wednesday, April 24th. Finally, TheStreet cut Arch Coal from a b rating to a c+ rating in a research report on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Arch Coal currently has an average rating of Hold and an average target price of $113.80.

Shares of NYSE ARCH opened at $78.29 on Thursday. The business’s 50-day moving average is $90.10. The company has a current ratio of 2.67, a quick ratio of 2.12 and a debt-to-equity ratio of 0.42. Arch Coal has a 1-year low of $77.05 and a 1-year high of $101.92. The stock has a market cap of $1.27 billion, a P/E ratio of 5.17 and a beta of 0.30.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.23 by $0.30. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The company had revenue of $570.22 million for the quarter, compared to the consensus estimate of $558.75 million. During the same quarter in the prior year, the business earned $2.06 EPS. Arch Coal’s revenue was down 3.7% on a year-over-year basis. Analysts anticipate that Arch Coal will post 17.75 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.80 annualized dividend and a dividend yield of 2.30%. Arch Coal’s dividend payout ratio is currently 11.88%.

In other Arch Coal news, Director Holly K. Koeppel acquired 2,200 shares of the stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of $89.02 per share, with a total value of $195,844.00. Following the transaction, the director now owns 2,200 shares in the company, valued at approximately $195,844. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.63% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new stake in shares of Arch Coal in the 2nd quarter valued at about $32,000. FMR LLC boosted its position in shares of Arch Coal by 35.9% in the 4th quarter. FMR LLC now owns 466 shares of the energy company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in shares of Arch Coal in the 2nd quarter valued at about $60,000. Quantamental Technologies LLC boosted its position in shares of Arch Coal by 418.3% in the 1st quarter. Quantamental Technologies LLC now owns 2,073 shares of the energy company’s stock valued at $189,000 after purchasing an additional 1,673 shares during the period. Finally, Ontario Teachers Pension Plan Board acquired a new stake in shares of Arch Coal in the 1st quarter valued at about $213,000.

About Arch Coal

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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