Arch Coal, Inc. Class A (ARCH) Receiving Somewhat Positive Press Coverage, Report Finds
Press coverage about Arch Coal, Inc. Class A (NASDAQ:ARCH) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arch Coal, Inc. Class A earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 45.5261496634831 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Arch Coal, Inc. Class A (ARCH) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Environmentalists get win in US coal-climate change lawsuit (wwlp.com)
- IBD Rating Upgrades: Arch Coal Shows Improved Technical Strength (finance.yahoo.com)
- Arch Coal, Inc. – Value Analysis (NYSE:ARCH) : September 14, 2017 (finance.yahoo.com)
- The Coal Truth: My visit to a coal mine – Commissioner Upendra J. Chivukula (patch.com)
A number of brokerages recently issued reports on ARCH. MKM Partners restated a “buy” rating and issued a $104.00 price objective on shares of Arch Coal, Inc. Class A in a research note on Tuesday, September 12th. Clarkson Capital restated a “buy” rating on shares of Arch Coal, Inc. Class A in a research note on Thursday, July 27th. Jefferies Group LLC set a $90.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 18th. Macquarie began coverage on Arch Coal, Inc. Class A in a research note on Thursday, September 7th. They issued a “neutral” rating and a $84.00 price objective on the stock. Finally, Stifel Nicolaus set a $92.00 price objective on Arch Coal, Inc. Class A and gave the company a “buy” rating in a research note on Friday, August 25th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Arch Coal, Inc. Class A currently has a consensus rating of “Buy” and an average price target of $92.38.
Shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) traded down 2.17% during midday trading on Friday, hitting $75.30. The stock had a trading volume of 360,801 shares. Arch Coal, Inc. Class A has a 12 month low of $0.04 and a 12 month high of $86.47. The firm has a market cap of $1.83 billion and a price-to-earnings ratio of 1.05. The stock’s 50 day moving average price is $75.76 and its 200 day moving average price is $74.29.
Arch Coal, Inc. Class A (NASDAQ:ARCH) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 EPS for the quarter, missing the consensus estimate of $1.92 by ($0.07). The firm had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. The business’s quarterly revenue was up 30.8% on a year-over-year basis. On average, equities analysts forecast that Arch Coal, Inc. Class A will post $9.04 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.35 dividend. The ex-dividend date was Tuesday, August 29th. This represents a $1.40 annualized dividend and a dividend yield of 1.86%. This is an increase from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03.
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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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