Arch Coal (NYSE:ARCH) – Jefferies Group lowered their FY2018 EPS estimates for Arch Coal in a research note issued on Monday, April 9th. Jefferies Group analyst C. Lafemina now forecasts that the energy company will post earnings per share of $11.97 for the year, down from their previous estimate of $12.44. Jefferies Group currently has a “Buy” rating and a $120.00 price target on the stock.
ARCH has been the topic of several other research reports. Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “strong-buy” rating and set a $108.00 target price on the stock in a research note on Friday, February 16th. ValuEngine upgraded Arch Coal from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase boosted their price target on Arch Coal from $90.00 to $94.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Finally, Stifel Nicolaus set a $109.00 price target on Arch Coal and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.25.
Arch Coal (NYSE:ARCH) last posted its earnings results on Tuesday, February 13th. The energy company reported $4.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $1.80. The company had revenue of $560.20 million during the quarter, compared to analysts’ expectations of $574.83 million. During the same quarter last year, the firm earned $1.65 EPS. Arch Coal’s revenue for the quarter was down 2.7% on a year-over-year basis.
Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP acquired a new stake in shares of Arch Coal during the third quarter worth about $35,030,000. Renaissance Technologies LLC lifted its holdings in shares of Arch Coal by 4,086.5% during the fourth quarter. Renaissance Technologies LLC now owns 217,700 shares of the energy company’s stock worth $20,281,000 after purchasing an additional 212,500 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Arch Coal during the fourth quarter worth about $9,316,000. Two Sigma Investments LP lifted its holdings in shares of Arch Coal by 3,368.1% during the fourth quarter. Two Sigma Investments LP now owns 91,507 shares of the energy company’s stock worth $8,525,000 after purchasing an additional 94,307 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Arch Coal by 227.2% during the fourth quarter. Deutsche Bank AG now owns 134,432 shares of the energy company’s stock worth $12,523,000 after purchasing an additional 93,346 shares during the period. Institutional investors and hedge funds own 86.07% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were paid a dividend of $0.40 per share. This is a positive change from Arch Coal’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Arch Coal’s payout ratio is presently 14.08%.
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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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