Arch Coal (NYSE:ARCH) had its price objective decreased by equities research analysts at B. Riley from $118.00 to $100.00 in a research report issued on Tuesday, Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the energy company’s stock. B. Riley’s price objective points to a potential upside of 28.97% from the stock’s current price.

Several other research analysts have also recently commented on ARCH. Seaport Global Securities set a $92.00 price target on shares of Arch Coal and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and boosted their price target for the stock from $80.00 to $100.00 in a report on Wednesday, October 23rd. BMO Capital Markets boosted their price target on shares of Arch Coal from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a report on Monday, October 7th. Finally, Zacks Investment Research upgraded shares of Arch Coal from a “strong sell” rating to a “hold” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Arch Coal currently has a consensus rating of “Buy” and an average price target of $100.80.

Shares of Arch Coal stock traded down $0.22 on Tuesday, reaching $77.54. The company had a trading volume of 200 shares, compared to its average volume of 265,230. The firm’s 50 day moving average price is $78.32 and its two-hundred day moving average price is $84.53. The firm has a market cap of $1.21 billion, a PE ratio of 5.09 and a beta of 0.39. Arch Coal has a 52-week low of $68.63 and a 52-week high of $101.92. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.05 and a current ratio of 2.55.

Arch Coal (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, October 22nd. The energy company reported $6.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $3.05. The firm had revenue of $619.50 million during the quarter, compared to analysts’ expectations of $571.40 million. Arch Coal had a net margin of 13.71% and a return on equity of 39.77%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.10 earnings per share. As a group, sell-side analysts predict that Arch Coal will post 16.21 EPS for the current year.

In other Arch Coal news, COO Paul A. Lang sold 965 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $83.47, for a total transaction of $80,548.55. Following the completion of the transaction, the chief operating officer now owns 4,302 shares in the company, valued at approximately $359,087.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John T. Drexler sold 665 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $83.47, for a total transaction of $55,507.55. Following the transaction, the chief financial officer now owns 3,016 shares of the company’s stock, valued at approximately $251,745.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,130 shares of company stock valued at $261,261. 0.63% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in ARCH. Wealthcare Advisory Partners LLC acquired a new position in shares of Arch Coal during the 2nd quarter worth $32,000. US Bancorp DE grew its stake in Arch Coal by 40.8% in the 2nd quarter. US Bancorp DE now owns 507 shares of the energy company’s stock valued at $48,000 after acquiring an additional 147 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new stake in Arch Coal in the 2nd quarter valued at about $60,000. NumerixS Investment Technologies Inc acquired a new stake in Arch Coal in the 2nd quarter valued at about $75,000. Finally, Compagnie Lombard Odier SCmA acquired a new stake in Arch Coal in the 2nd quarter valued at about $76,000.

Arch Coal Company Profile

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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