Arch Coal, Inc. Class A (NASDAQ:ARCH) – Research analysts at Seaport Global Securities cut their Q3 2017 EPS estimates for shares of Arch Coal, Inc. Class A in a note issued to investors on Monday. Seaport Global Securities analyst M. Levin now anticipates that the energy company will post earnings of $1.12 per share for the quarter, down from their prior forecast of $1.56. Seaport Global Securities has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Arch Coal, Inc. Class A’s Q4 2017 earnings at $2.87 EPS and FY2017 earnings at $8.38 EPS.

A number of other research firms have also commented on ARCH. Macquarie began coverage on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 7th. They issued a “neutral” rating and a $84.00 price objective for the company. MKM Partners restated a “buy” rating and issued a $98.00 price objective (up from $93.00) on shares of Arch Coal, Inc. Class A in a research report on Thursday, August 24th. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, July 27th. Stifel Nicolaus set a $92.00 price objective on shares of Arch Coal, Inc. Class A and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, J P Morgan Chase & Co upgraded shares of Arch Coal, Inc. Class A from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $90.00 in a research report on Thursday, August 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $93.00.

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Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 74.91 on Wednesday. Arch Coal, Inc. Class A has a 12-month low of $60.13 and a 12-month high of $86.47. The company has a market cap of $1.82 billion and a P/E ratio of 1.04. The firm has a 50-day moving average of $73.51 and a 200-day moving average of $72.53.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.92 by ($0.07). The business had revenue of $549.87 million for the quarter, compared to analysts’ expectations of $596.76 million. The firm’s quarterly revenue was up 30.8% on a year-over-year basis.

A number of institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Arch Coal, Inc. Class A by 2.8% during the second quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock valued at $721,000 after purchasing an additional 287 shares during the last quarter. Parkwood LLC lifted its position in Arch Coal, Inc. Class A by 8.3% during the second quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock valued at $320,000 after purchasing an additional 360 shares during the last quarter. Bank of America Corp DE lifted its position in Arch Coal, Inc. Class A by 3.3% during the first quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock valued at $792,000 after purchasing an additional 370 shares during the last quarter. Royal Bank of Canada lifted its position in Arch Coal, Inc. Class A by 140.6% during the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after purchasing an additional 967 shares during the last quarter. Finally, FNY Partners Fund LP lifted its position in Arch Coal, Inc. Class A by 150.0% during the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after purchasing an additional 1,500 shares during the last quarter.

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.

Earnings History and Estimates for Arch Coal, Inc. Class A (NASDAQ:ARCH)

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