Arch Coal, Inc. Class A (NASDAQ:ARCH)‘s stock had its “buy” rating reiterated by equities research analysts at B. Riley in a research report issued to clients and investors on Wednesday.

Several other equities research analysts also recently issued reports on the company. Zacks Investment Research raised Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Arch Coal, Inc. Class A in a report on Friday, July 7th. Seaport Global Securities reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Stifel Nicolaus set a $92.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Friday, August 25th. Finally, FBR & Co set a $96.00 price target on Arch Coal, Inc. Class A and gave the company a “buy” rating in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.00.

Shares of Arch Coal, Inc. Class A (NASDAQ ARCH) traded up $0.43 during midday trading on Wednesday, reaching $79.38. The company’s stock had a trading volume of 349,474 shares.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.96. The business had revenue of $613.53 million for the quarter, compared to analyst estimates of $550.35 million. During the same period in the prior year, the business earned ($1.43) EPS. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year.

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A number of hedge funds have recently bought and sold shares of ARCH. BlackRock Inc. increased its position in Arch Coal, Inc. Class A by 242.4% during the 2nd quarter. BlackRock Inc. now owns 1,415,537 shares of the energy company’s stock worth $96,680,000 after buying an additional 1,002,176 shares during the period. State Street Corp increased its position in Arch Coal, Inc. Class A by 3,567.0% during the 1st quarter. State Street Corp now owns 660,065 shares of the energy company’s stock worth $45,504,000 after buying an additional 642,065 shares during the period. Davidson Kempner Capital Management LP increased its position in Arch Coal, Inc. Class A by 51.2% during the 2nd quarter. Davidson Kempner Capital Management LP now owns 999,951 shares of the energy company’s stock worth $68,297,000 after buying an additional 338,500 shares during the period. JPMorgan Chase & Co. increased its position in Arch Coal, Inc. Class A by 11,912.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 228,241 shares of the energy company’s stock worth $15,588,000 after buying an additional 226,341 shares during the period. Finally, Contrarius Investment Management Ltd increased its position in Arch Coal, Inc. Class A by 35.9% during the 2nd quarter. Contrarius Investment Management Ltd now owns 789,130 shares of the energy company’s stock worth $53,898,000 after buying an additional 208,487 shares during the period.

Arch Coal, Inc. Class A Company Profile

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.

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

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