MKM Partners reiterated their buy rating on shares of Arch Coal, Inc. Class A (NASDAQ:ARCH) in a report published on Thursday morning. MKM Partners currently has a $98.00 target price on the energy company’s stock, up from their previous target price of $93.00.

Several other analysts have also weighed in on the company. Stifel Nicolaus lowered their price objective on Arch Coal, Inc. Class A from $96.00 to $92.00 and set a buy rating for the company in a report on Friday, May 19th. FBR & Co upped their target price on Arch Coal, Inc. Class A from $103.00 to $105.00 and gave the company an outperform rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a buy rating and set a $90.00 target price 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. Finally, Clarkson Capital reaffirmed a buy rating on shares of Arch Coal, Inc. Class A in a report on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Arch Coal, Inc. Class A currently has a consensus rating of Buy and a consensus price target of $93.17.

Arch Coal, Inc. Class A (NASDAQ:ARCH) opened at 76.57 on Thursday. Arch Coal, Inc. Class A has a 52 week low of $0.04 and a 52 week high of $86.47. The stock’s 50 day moving average price is $75.02 and its 200 day moving average price is $71.24. The stock has a market cap of $1.86 billion and a price-to-earnings ratio of 1.07.

Arch Coal, Inc. Class A (NASDAQ:ARCH) last announced its quarterly earnings data on Thursday, July 27th. The energy company reported $1.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.92 by $0.07. The company had revenue of $549.87 million during the quarter, compared to analysts’ expectations of $596.76 million. Arch Coal, Inc. Class A’s revenue for the quarter was up 30.8% compared to the same quarter last year. On average, analysts forecast that Arch Coal, Inc. Class A will post $9.26 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Tuesday, August 29th. This is a positive change from Arch Coal, Inc. Class A’s previous quarterly dividend of $0.03. This represents a $1.40 annualized dividend and a dividend yield of 1.83%.

Several institutional investors have recently bought and sold shares of ARCH. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Arch Coal, Inc. Class A during the second quarter valued at approximately $104,000. Royal Bank of Canada increased its position in shares of Arch Coal, Inc. Class A by 140.6% in the second quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock valued at $113,000 after buying an additional 967 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in shares of Arch Coal, Inc. Class A during the second quarter valued at about $131,000. Great West Life Assurance Co. Can acquired a new position in shares of Arch Coal, Inc. Class A during the second quarter valued at about $164,000. Finally, FNY Partners Fund LP increased its position in shares of Arch Coal, Inc. Class A by 150.0% in the first quarter. FNY Partners Fund LP now owns 2,500 shares of the energy company’s stock valued at $172,000 after buying an additional 1,500 shares in the last quarter.

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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