Arch Coal (ARCH) Receives a Buy from B.Riley FBR


In a report issued on March 10, Lucas Pipes from B.Riley FBR maintained a Buy rating on Arch Coal (ARCH), with a price target of $90.00. The company’s shares closed last Monday at $34.30, close to its 52-week low of $32.81.

According to TipRanks.com, Pipes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -14.4% and a 34.8% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Hallador Energy Company, Novagold Resources New, and CONSOL Coal Resources.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Arch Coal with a $70.33 average price target.

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Based on Arch Coal’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $8.55 million. In comparison, last year the company had a net profit of $86.09 million.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARCH in relation to earlier this year.

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Arch Coal, Inc. engages in the production and distribution of thermal coal. It operates through the following segments: Powder River Basin, Metallurgical and Other Thermal. The Powder River Basin segment contains thermal operations in Wyoming. The Metallurgical segment contains metallurgical operations in West Virginia.

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