Arch Coal (NYSE:ARCH) Shares Up 5.5% on Earnings Beat

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Shares of Arch Coal Inc (NYSE:ARCH) shot up 5.5% during trading on Tuesday following a stronger than expected earnings report. The stock traded as high as $89.42 and last traded at $83.29, 625,006 shares were traded during mid-day trading. An increase of 152% from the average session volume of 247,817 shares. The stock had previously closed at $78.93.

The energy company reported $6.34 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $3.05. Arch Coal had a net margin of 14.31% and a return on equity of 48.65%. The business had revenue of $619.50 million during the quarter, compared to analyst estimates of $571.40 million. During the same period in the previous year, the business earned $6.10 EPS. Arch Coal’s revenue was down 2.2% compared to the same quarter last year.

ARCH has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Arch Coal from a “hold” rating to a “buy” rating and boosted their price target for the company from $80.00 to $100.00 in a research report on Wednesday. B. Riley reduced their price target on shares of Arch Coal from $116.00 to $109.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research lowered shares of Arch Coal from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 24th. Seaport Global Securities set a $92.00 price target on shares of Arch Coal and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, TheStreet upgraded shares of Arch Coal from a “c” rating to a “b-” rating in a research report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $105.71.

In related news, Director Holly K. Koeppel bought 2,200 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was bought at an average cost of $89.02 per share, for a total transaction of $195,844.00. Following the completion of the transaction, the director now owns 2,200 shares of the company’s stock, valued at $195,844. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the stock. Invesco Ltd. raised its position in shares of Arch Coal by 2,710.1% during the 2nd quarter. Invesco Ltd. now owns 3,325,897 shares of the energy company’s stock worth $313,333,000 after purchasing an additional 3,207,540 shares during the last quarter. BlackRock Inc. boosted its holdings in Arch Coal by 0.5% during the second quarter. BlackRock Inc. now owns 1,248,850 shares of the energy company’s stock worth $117,655,000 after buying an additional 6,297 shares in the last quarter. Packer & Co Ltd boosted its holdings in Arch Coal by 59.4% during the second quarter. Packer & Co Ltd now owns 963,346 shares of the energy company’s stock worth $54,703,000 after buying an additional 358,846 shares in the last quarter. Luminus Management LLC boosted its holdings in Arch Coal by 1,221.7% during the second quarter. Luminus Management LLC now owns 660,439 shares of the energy company’s stock worth $62,220,000 after buying an additional 610,471 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Arch Coal by 16.5% during the second quarter. LSV Asset Management now owns 564,521 shares of the energy company’s stock worth $53,183,000 after buying an additional 79,899 shares in the last quarter.

The stock has a market cap of $1.28 billion, a PE ratio of 5.68 and a beta of 0.38. The business’s fifty day moving average is $77.33 and its 200 day moving average is $85.27. The company has a quick ratio of 2.12, a current ratio of 2.67 and a debt-to-equity ratio of 0.42.

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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