Arch Coal (NYSE:ARCH) Reaches New 52-Week Low at $77.94

Shares of Arch Coal Inc (NYSE:ARCH) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $77.94 and last traded at $78.51, with a volume of 41813 shares trading hands. The stock had previously closed at $89.16.

A number of research firms have issued reports on ARCH. TheStreet downgraded Arch Coal from a “b” rating to a “c+” rating in a research note on Wednesday, May 29th. ValuEngine downgraded Arch Coal from a “sell” rating to a “strong sell” rating in a research note on Thursday. Zacks Investment Research upgraded Arch Coal from a “hold” rating to a “buy” rating and set a $102.00 price target for the company in a research note on Monday, July 29th. Finally, BMO Capital Markets lifted their price target on Arch Coal to $115.00 and gave the company a “market perform” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $113.80.

The firm has a 50 day moving average of $90.10. The firm has a market cap of $1.45 billion, a PE ratio of 5.17 and a beta of 0.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.12 and a current ratio of 2.67.

Arch Coal (NYSE:ARCH) last announced its earnings results on Wednesday, July 24th. The energy company reported $3.53 earnings per share for the quarter, topping analysts’ consensus estimates of $3.23 by $0.30. Arch Coal had a return on equity of 48.65% and a net margin of 14.31%. The firm had revenue of $570.22 million for the quarter, compared to the consensus estimate of $558.75 million. During the same quarter in the previous year, the business earned $2.06 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, equities analysts predict that Arch Coal Inc will post 17.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.30%. Arch Coal’s payout ratio is presently 11.88%.

In other Arch Coal news, Director Holly K. Koeppel bought 2,200 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were purchased at an average price of $89.02 per share, for a total transaction of $195,844.00. Following the purchase, the director now directly owns 2,200 shares of the company’s stock, valued at $195,844. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.63% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ARCH. LSV Asset Management raised its holdings in shares of Arch Coal by 411.6% in the 1st quarter. LSV Asset Management now owns 484,622 shares of the energy company’s stock worth $44,231,000 after purchasing an additional 389,902 shares during the period. Packer & Co Ltd raised its holdings in shares of Arch Coal by 59.4% in the 2nd quarter. Packer & Co Ltd now owns 963,346 shares of the energy company’s stock worth $54,703,000 after purchasing an additional 358,846 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Arch Coal by 18.8% in the 1st quarter. JPMorgan Chase & Co. now owns 527,555 shares of the energy company’s stock worth $48,151,000 after purchasing an additional 83,590 shares during the period. Formula Growth Ltd. bought a new stake in shares of Arch Coal in the 1st quarter worth approximately $7,393,000. Finally, American Century Companies Inc. bought a new stake in shares of Arch Coal in the 4th quarter worth approximately $6,322,000.

Arch Coal Company Profile (NYSE:ARCH)

Arch Coal, Inc produces and sells thermal and metallurgical coal from surface and underground mines. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller parcels of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

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