Investors Purchase High Volume of Arch Coal Call Options (ACI)
Arch Coal (NYSE:ACI) saw unusually large options trading activity on Thursday. Stock investors acquired 40,894 call options on the stock, Stock Ratings News reports. This represents an increase of 618% compared to the average volume of 5,695 call options.
A number of analysts have recently weighed in on ACI shares. Analysts at Zacks reiterated a “neutral” rating on shares of Arch Coal in a research note on Thursday, July 31st. They now have a $3.00 price target on the stock. Separately, analysts at Howard Weil cut their price target on shares of Arch Coal from $6.00 to $5.00 in a research note on Monday, July 21st. They now have a “sector perform” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Arch Coal in a research note on Monday, July 14th. They now have a $3.80 price target on the stock, down previously from $4.70. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $4.36.
Shares of Arch Coal (NYSE:ACI) traded down 0.96% during mid-day trading on Thursday, hitting $3.11. 4,514,271 shares of the company’s stock traded hands. Arch Coal has a 52-week low of $2.82 and a 52-week high of $5.37. The stock’s 50-day moving average is $3.19 and its 200-day moving average is $3.97. The company’s market cap is $660.2 million.
Arch Coal (NYSE:ACI) last announced its earnings results on Tuesday, July 29th. The company reported ($0.46) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.49) by $0.03. The company had revenue of $714.00 million for the quarter, compared to the consensus estimate of $720.04 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, analysts predict that Arch Coal will post $-1.86 earnings per share for the current fiscal year.
Arch Coal, Inc (NYSE:ACI) is the coal producer.
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