Media coverage about Arch Coal, Inc. Class A (NYSE:ARCH) has been trending somewhat positive on Tuesday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arch Coal, Inc. Class A earned a news impact score of 0.06 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 46.6403861931065 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Arch Coal, Inc. Class A from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a report on Tuesday. MKM Partners restated a “buy” rating and issued a $104.00 price objective on shares of Arch Coal, Inc. Class A in a report on Tuesday, September 12th. FBR & Co reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Tuesday, September 19th. Jefferies Group reaffirmed a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 21st. Finally, Macquarie assumed coverage on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 7th. They issued a “neutral” rating and a $84.00 target price on the stock. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $94.75.
Arch Coal, Inc. Class A (NYSE:ARCH) traded up $2.27 during mid-day trading on Tuesday, hitting $95.43. 359,527 shares of the stock traded hands, compared to its average volume of 267,550. The company has a quick ratio of 2.40, a current ratio of 2.79 and a debt-to-equity ratio of 0.46. Arch Coal, Inc. Class A has a one year low of $60.13 and a one year high of $96.00.
Arch Coal, Inc. Class A (NYSE:ARCH) last announced its quarterly earnings data on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.58 by $0.96. The company had revenue of $613.53 million during the quarter, compared to analyst estimates of $550.35 million. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business earned ($1.43) EPS. research analysts expect that Arch Coal, Inc. Class A will post 9.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Thursday, November 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Wednesday, November 29th.
In other news, Director James N. Chapman sold 1,002 shares of Arch Coal, Inc. Class A stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $80.99, for a total transaction of $81,151.98. Following the completion of the sale, the director now directly owns 2,226 shares in the company, valued at $180,283.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of Arch Coal, Inc. Class A stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $85.26, for a total transaction of $42,630,000.00. The disclosure for this sale can be found here. Insiders own 1.34% of the company’s stock.
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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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