Arch Coal (NYSE:ARCH) Price Target Cut to $67.00 by Analysts at B. Riley

Arch Coal (NYSE:ARCH) had its price objective reduced by equities research analysts at B. Riley from $73.00 to $67.00 in a research report issued on Tuesday, The Fly reports. B. Riley’s target price suggests a potential upside of 137.34% from the company’s previous close.

ARCH has been the subject of a number of other reports. ValuEngine raised shares of Arch Coal from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Benchmark cut their price objective on shares of Arch Coal from $75.00 to $48.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. Jefferies Financial Group lowered shares of Arch Coal from a “buy” rating to a “hold” rating and cut their target price for the company from $50.00 to $26.00 in a report on Monday, April 27th. Zacks Investment Research lowered shares of Arch Coal from a “hold” rating to a “sell” rating and set a $33.00 target price for the company. in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus cut their target price on shares of Arch Coal from $79.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, March 10th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $60.29.

Arch Coal stock traded down $1.82 during midday trading on Tuesday, hitting $28.23. The stock had a trading volume of 15,692 shares, compared to its average volume of 442,308. The firm’s fifty day moving average is $32.36 and its two-hundred day moving average is $45.16. The company has a market capitalization of $442.32 million, a PE ratio of 3.70 and a beta of 0.96. Arch Coal has a 52-week low of $21.80 and a 52-week high of $95.50. The company has a current ratio of 2.28, a quick ratio of 1.75 and a debt-to-equity ratio of 0.56.

Arch Coal (NYSE:ARCH) last released its earnings results on Thursday, April 23rd. The energy company reported ($1.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.12) by ($0.55). The firm had revenue of $405.23 million during the quarter, compared to analysts’ expectations of $396.50 million. Arch Coal had a return on equity of 15.75% and a net margin of 6.33%. The company’s revenue was down 27.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.91 earnings per share. As a group, equities research analysts predict that Arch Coal will post -1.67 earnings per share for the current fiscal year.

In other news, Director Robert B. Hamill purchased 2,000 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were purchased at an average price of $31.59 per share, for a total transaction of $63,180.00. Company insiders own 5.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Great West Life Assurance Co. Can acquired a new stake in shares of Arch Coal during the fourth quarter worth about $90,000. Bank of Montreal Can raised its stake in shares of Arch Coal by 36.1% during the 4th quarter. Bank of Montreal Can now owns 1,944 shares of the energy company’s stock worth $140,000 after buying an additional 516 shares during the period. STA Wealth Management LLC acquired a new position in shares of Arch Coal during the 4th quarter worth approximately $237,000. Tower Research Capital LLC TRC acquired a new position in shares of Arch Coal during the 1st quarter worth approximately $136,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Arch Coal during the 4th quarter worth approximately $361,000.

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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