Stifel Nicolaus reissued their buy rating on shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) in a research note published on Friday morning. The firm currently has a $92.00 target price on the energy company’s stock.
A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Arch Coal, Inc. Class A from a strong-buy rating to a hold rating in a research note on Tuesday, April 11th. FBR & Co boosted their target price on shares of Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an outperform rating in a research note on Monday, May 15th. Jefferies Group LLC set a $90.00 target price on shares of Arch Coal, Inc. Class A and gave the stock a buy rating in a research note on Thursday, June 1st. Finally, MKM Partners reiterated a buy rating and set a $89.00 target price (up previously from $86.00) on shares of Arch Coal, Inc. Class A in a research note on Tuesday, May 9th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Arch Coal, Inc. Class A has an average rating of Buy and a consensus target price of $91.67.
Shares of Arch Coal, Inc. Class A (ARCH) traded down 0.50% during mid-day trading on Friday, hitting $75.52. The stock had a trading volume of 209,183 shares. The stock’s 50-day moving average is $69.00 and its 200 day moving average is $70.80. Arch Coal, Inc. Class A has a 12 month low of $59.05 and a 12 month high of $86.47. The firm has a market cap of $1.89 billion and a PE ratio of 1.15.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last issued its earnings results on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.60. The firm had revenue of $600.97 million for the quarter, compared to analyst estimates of $590.60 million. The business’s revenue for the quarter was up 40.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($9.71) EPS. Equities research analysts predict that Arch Coal, Inc. Class A will post $9.80 earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in ARCH. Ladenburg Thalmann Financial Services Inc. bought a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $107,000. Quadrature Capital Ltd bought a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $205,000. Brookfield Asset Management Inc. bought a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $542,000. Teachers Advisors LLC bought a new position in Arch Coal, Inc. Class A during the fourth quarter valued at about $34,735,000. Finally, Skylands Capital LLC increased its position in Arch Coal, Inc. Class A by 65.4% in the first quarter. Skylands Capital LLC now owns 243,600 shares of the energy company’s stock valued at $16,794,000 after buying an additional 96,348 shares in the last quarter.
About Arch Coal, Inc. Class A
Arch Coal, Inc is a coal producer. The Company is engaged in the production of thermal and metallurgical coal from surface and underground mines located throughout the United States, for sale to utility, industrial and steel producers both in the United States and around the world. The Company operates mining complexes in West Virginia, Kentucky, Maryland, Virginia, Illinois, Wyoming and Colorado.
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