Shares of Arch Coal, Inc. Class A (NYSE:ARCH) reached a new 52-week high on Wednesday . The stock traded as high as $96.48 and last traded at $95.44, with a volume of 294700 shares changing hands. The stock had previously closed at $95.36.

Several research firms have weighed in on ARCH. Zacks Investment Research cut Arch Coal, Inc. Class A from a “buy” rating to a “hold” rating in a research report on Tuesday. MKM Partners reaffirmed a “buy” rating and set a $104.00 price objective on shares of Arch Coal, Inc. Class A in a research 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, ValuEngine raised Arch Coal, Inc. Class A from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Arch Coal, Inc. Class A presently has a consensus rating of “Buy” and an average target price of $94.75.

The company has a current ratio of 2.79, a quick ratio of 2.40 and a debt-to-equity ratio of 0.46.

Arch Coal, Inc. Class A (NYSE:ARCH) last issued its quarterly earnings results on Tuesday, October 31st. The energy company reported $2.54 EPS for the quarter, topping analysts’ consensus estimates of $1.58 by $0.96. The company had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same period in the prior year, the firm earned ($1.43) earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. equities analysts anticipate that Arch Coal, Inc. Class A will post 9.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, November 29th. This represents a $1.40 annualized dividend and a yield of 1.45%.

In other Arch Coal, Inc. Class A news, Director James N. Chapman sold 1,002 shares of the business’s stock in a transaction on 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 approximately $180,283.74. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Monarch Alternative Capital Lp sold 500,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were 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. Corporate insiders own 1.34% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can purchased a new stake in shares of Arch Coal, Inc. Class A in the 2nd quarter worth $164,000. Schwab Charles Investment Management Inc. increased its stake in shares of Arch Coal, Inc. Class A by 59.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,624 shares of the energy company’s stock worth $6,805,000 after purchasing an additional 37,245 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Arch Coal, Inc. Class A in the 2nd quarter worth $1,874,000. Legal & General Group Plc purchased a new stake in shares of Arch Coal, Inc. Class A in the 2nd quarter worth $342,000. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Arch Coal, Inc. Class A by 702.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,649 shares of the energy company’s stock worth $181,000 after purchasing an additional 2,319 shares in the last quarter.

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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.

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