Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reiterated by Stifel Nicolaus in a research note issued to investors on Friday. They currently have a $92.00 target price on the energy company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 42.77% from the company’s previous close.

A number of other research firms have also recently commented on ARCH. Zacks Investment Research cut Arch Coal, Inc. Class A from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. FBR & Co lifted their target price on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, May 15th. 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 report on Tuesday, May 9th. Finally, Jefferies Group LLC set a $90.00 target price on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research report on Thursday, June 1st. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $91.67.

Analyst Recommendations for Arch Coal, Inc. Class A (NASDAQ:ARCH)

Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 64.44 on Friday. Arch Coal, Inc. Class A has a one year low of $59.05 and a one year high of $86.47. The firm has a market capitalization of $1.61 billion and a price-to-earnings ratio of 0.98. The stock has a 50 day moving average price of $70.55 and a 200-day moving average price of $72.33.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its earnings results on Tuesday, May 2nd. The energy company reported $2.55 EPS for the quarter, topping the Zacks’ consensus estimate 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. During the same quarter last year, the firm posted ($9.71) EPS. The firm’s revenue for the quarter was up 40.4% on a year-over-year basis. On average, analysts predict that Arch Coal, Inc. Class A will post $10.05 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were given a $0.35 dividend. The ex-dividend date was Friday, May 26th.

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A number of institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. bought a new position in shares of Arch Coal, Inc. Class A during the first quarter valued at about $227,270,000. FMR LLC bought a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $66,261,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $107,000. Quadrature Capital Ltd bought a new position in shares of Arch Coal, Inc. Class A during the fourth quarter valued at about $205,000. Finally, Systematic Financial Management LP boosted its position in shares of Arch Coal, Inc. Class A by 92.7% in the first quarter. Systematic Financial Management LP now owns 560,460 shares of the energy company’s stock valued at $38,638,000 after buying an additional 269,563 shares during the period.

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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