Arch Coal Target of Unusually High Options Trading (ACI)
Arch Coal (NYSE:ACI) saw unusually large options trading on Friday. Traders purchased 9,625 put options on the stock, StockRatingsNetwork reports. This represents an increase of 309% compared to the typical volume of 2,352 put options.
In other Arch Coal news, Director Peter Wold sold 11,927 shares of the stock on the open market in a transaction dated Thursday, December 26th. The stock was sold at an average price of $4.47, for a total value of $53,313.69. The sale was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on ACI shares. Analysts at Sterne Agee reiterated a “buy” rating on shares of Arch Coal in a research note to investors on Wednesday, December 18th. They now have a $7.00 price target on the stock, up previously from $4.08. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Arch Coal in a research note to investors on Friday, December 13th. They now have a $4.25 price target on the stock. Finally, analysts at Macquarie reiterated a “neutral” rating on shares of Arch Coal in a research note to investors on Tuesday, November 26th. They now have a $4.90 price target on the stock, up previously from $4.50. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. Arch Coal presently has a consensus rating of “Hold” and a consensus price target of $5.37.
Shares of Arch Coal (NYSE:ACI) traded down 5.16% during mid-day trading on Friday, hitting $4.41. 9,532,206 shares of the company’s stock traded hands. Arch Coal has a one year low of $3.47 and a one year high of $7.95. The stock has a 50-day moving average of $4.27 and a 200-day moving average of $4.24. The company’s market cap is $936.2 million.
Arch Coal (NYSE:ACI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.32) by $0.31. The company had revenue of $791.30 million for the quarter, compared to the consensus estimate of $888.79 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. On average, analysts predict that Arch Coal will post $-1.28 earnings per share for the current fiscal year.
Arch Coal, Inc (NYSE:ACI)is the coal producer.
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