Arch Coal (NYSE:ARCH) had its price objective dropped by B. Riley from $73.00 to $67.00 in a research note issued on Tuesday, The Fly reports. B. Riley’s price target indicates a potential upside of 137.34% from the stock’s previous close.

Several other brokerages have also recently issued reports on ARCH. Zacks Investment Research cut Arch Coal from a “hold” rating to a “sell” rating and set a $33.00 price objective on the stock. in a research note on Wednesday, June 3rd. ValuEngine upgraded Arch Coal from a “sell” rating to a “hold” rating in a research note on Monday, June 1st. Stifel Nicolaus cut their price objective on Arch Coal from $79.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, March 10th. Benchmark cut their price objective on Arch Coal from $75.00 to $48.00 and set a “sell” rating on the stock in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group lowered Arch Coal from a “buy” rating to a “hold” rating and lowered their target price for the company from $50.00 to $26.00 in a report on Monday, April 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Arch Coal currently has a consensus rating of “Hold” and a consensus target price of $60.29.

Shares of ARCH traded down $1.82 during mid-day trading on Tuesday, hitting $28.23. The company’s stock had a trading volume of 15,692 shares, compared to its average volume of 442,308. The company has a current ratio of 2.28, a quick ratio of 1.75 and a debt-to-equity ratio of 0.56. The firm has a 50-day simple moving average of $32.36 and a 200 day simple moving average of $45.16. The firm has a market capitalization of $442.32 million, a P/E ratio of 3.70 and a beta of 0.96. Arch Coal has a 1-year low of $21.80 and a 1-year high of $95.50.

Arch Coal (NYSE:ARCH) last released its quarterly earnings results on Thursday, April 23rd. The energy company reported ($1.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.12) by ($0.55). Arch Coal had a return on equity of 15.75% and a net margin of 6.33%. The business had revenue of $405.23 million during the quarter, compared to analyst estimates of $396.50 million. During the same quarter last year, the firm posted $3.91 EPS. The company’s revenue was down 27.0% compared to the same quarter last year. As a group, sell-side analysts predict that Arch Coal will post -1.67 EPS for the current fiscal year.

In other Arch Coal news, Director Robert B. Hamill acquired 2,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was acquired at an average cost of $31.59 per share, with a total value of $63,180.00. 5.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Luminus Management LLC grew its holdings in Arch Coal by 75.7% in the 1st quarter. Luminus Management LLC now owns 637,786 shares of the energy company’s stock worth $18,432,000 after buying an additional 274,817 shares in the last quarter. Deutsche Bank AG lifted its stake in Arch Coal by 4,430.8% in the 1st quarter. Deutsche Bank AG now owns 428,344 shares of the energy company’s stock valued at $12,379,000 after purchasing an additional 418,890 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its position in shares of Arch Coal by 4.6% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 328,170 shares of the energy company’s stock worth $9,484,000 after buying an additional 14,422 shares during the period. Credit Suisse AG increased its position in shares of Arch Coal by 2,487.2% during the fourth quarter. Credit Suisse AG now owns 327,412 shares of the energy company’s stock worth $23,489,000 after buying an additional 314,757 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Arch Coal by 39.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 294,975 shares of the energy company’s stock worth $21,162,000 after purchasing an additional 84,070 shares during the period.

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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Analyst Recommendations for Arch Coal (NYSE:ARCH)

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