Arch Coal, Inc. Class A (ARCH) PT Lowered to $92.00 at Stifel Nicolaus
Arch Coal, Inc. Class A (NASDAQ:ARCH) had its price objective decreased by equities research analysts at Stifel Nicolaus from $96.00 to $92.00 in a research note issued on Friday. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 26.23% from the stock’s previous close.
ARCH has been the topic of several other reports. Jefferies Group LLC began coverage on shares of Arch Coal, Inc. Class A in a research note on Friday, February 17th. They set a “buy” rating and a $90.00 price target on the stock. Zacks Investment Research cut 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 raised their price objective on shares of Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the company an “outperform” rating in a research note on Monday, May 15th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $89.00 price objective (up from $86.00) on shares of Arch Coal, Inc. Class A in a research note on Tuesday, May 9th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $91.67.
Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 0.07% during trading on Friday, hitting $72.88. The stock had a trading volume of 274,514 shares. The stock has a market cap of $1.82 billion and a price-to-earnings ratio of 1.11. The stock’s 50-day moving average price is $72.04 and its 200 day moving average price is $73.49. Arch Coal, Inc. Class A has a one year low of $59.05 and a one year high of $86.47.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last released its quarterly earnings results on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.60. The company had revenue of $600.97 million for the quarter, compared to the consensus estimate of $590.60 million. During the same period last year, the company earned ($9.71) earnings per share. Arch Coal, Inc. Class A’s revenue for the quarter was up 40.4% compared to the same quarter last year. On average, equities analysts forecast that Arch Coal, Inc. Class A will post $10.24 EPS for the current year.
The business also recently disclosed a special dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, May 26th.
In related news, insider John A. Ziegler sold 515 shares of the firm’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $71.42, for a total transaction of $36,781.30. Following the sale, the insider now directly owns 961 shares in the company, valued at $68,634.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Paul A. Lang sold 1,204 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $71.42, for a total transaction of $85,989.68. Following the sale, the chief operating officer now owns 2,212 shares in the company, valued at $157,981.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,412 shares of company stock worth $315,105.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARCH. Ladenburg Thalmann Financial Services Inc. acquired a new position in Arch Coal, Inc. Class A during the fourth quarter worth $107,000. FNY Partners Fund LP increased its position in Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock worth $172,000 after buying an additional 1,500 shares during the period. Quadrature Capital Ltd acquired a new position in Arch Coal, Inc. Class A during the fourth quarter worth $205,000. Oppenheimer Asset Management Inc. acquired a new position in Arch Coal, Inc. Class A during the first quarter worth $219,000. Finally, Driehaus Capital Management LLC acquired a new position in Arch Coal, Inc. Class A during the first quarter worth $229,000.
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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