B. Riley Trims Arch Coal (NYSE:ARCH) Target Price to $100.00

Arch Coal (NYSE:ARCH) had its price target cut by B. Riley from $118.00 to $100.00 in a report released on Tuesday, Briefing.com Automated Import reports. They currently have a buy rating on the energy company’s stock. B. Riley also issued estimates for Arch Coal’s FY2020 earnings at $9.10 EPS and FY2021 earnings at $8.87 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Arch Coal from a strong sell rating to a hold rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price objective on Arch Coal from $100.00 to $110.00 and gave the stock an outperform rating in a research note on Wednesday, October 23rd. Seaport Global Securities set a $92.00 price objective on Arch Coal and gave the stock a buy rating in a research note on Tuesday, October 8th. TheStreet upgraded Arch Coal from a c rating to a b- rating in a research note on Monday, October 7th. Finally, Jefferies Financial Group upgraded Arch Coal from a hold rating to a buy rating and boosted their price objective for the stock from $80.00 to $100.00 in a research note on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Arch Coal has a consensus rating of Buy and a consensus price target of $100.80.

Shares of ARCH traded down $0.45 during midday trading on Tuesday, reaching $76.43. 323,669 shares of the company were exchanged, compared to its average volume of 287,405. The stock has a 50-day moving average price of $78.68 and a 200-day moving average price of $84.07. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 5.04 and a beta of 0.39. Arch Coal has a 1-year low of $68.63 and a 1-year high of $101.92. The company has a current ratio of 2.55, a quick ratio of 2.05 and a debt-to-equity ratio of 0.42.

Arch Coal (NYSE:ARCH) last issued its quarterly earnings data on Tuesday, October 22nd. The energy company reported $6.34 EPS for the quarter, topping the Zacks’ consensus estimate of $3.29 by $3.05. The company had revenue of $619.50 million for the quarter, compared to analysts’ expectations of $571.40 million. Arch Coal had a return on equity of 39.77% and a net margin of 13.71%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.10 earnings per share. Equities research analysts anticipate that Arch Coal will post 16.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend is Wednesday, November 27th. Arch Coal’s dividend payout ratio (DPR) is 11.88%.

In related news, CEO John W. Eaves sold 1,500 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $83.47, for a total value of $125,205.00. Following the transaction, the chief executive officer now owns 6,977 shares in the company, valued at $582,370.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO John T. Drexler sold 665 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $83.47, for a total value of $55,507.55. Following the completion of the transaction, 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. In the last quarter, insiders sold 3,130 shares of company stock worth $261,261. Insiders own 0.63% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp raised its stake in Arch Coal by 36.6% during the second quarter. OMERS ADMINISTRATION Corp now owns 5,600 shares of the energy company’s stock valued at $535,000 after buying an additional 1,500 shares in the last quarter. Rhumbline Advisers raised its stake in 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 in the last quarter. Qtron Investments LLC raised its stake in 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 in the last quarter. Holocene Advisors LP raised its stake in Arch Coal by 65.7% during the second quarter. Holocene Advisors LP now owns 9,287 shares of the energy company’s stock valued at $875,000 after buying an additional 3,682 shares in the last quarter. Finally, Ancora Advisors LLC raised its stake in Arch Coal by 19.0% during the second quarter. Ancora Advisors LLC now owns 93,896 shares of the energy company’s stock valued at $8,846,000 after buying an additional 15,022 shares in the last quarter.

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.

Read More: What member countries make up the G-20?

Receive News & Ratings for Arch Coal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arch Coal and related companies with MarketBeat.com's FREE daily email newsletter.