Arch Coal, Inc. Class A (NASDAQ:ARCH)’s share price traded up 6.4% on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $77.92 and last traded at $76.42. 1,075,013 shares were traded during trading, an increase of 217% from the average session volume of 339,158 shares. The stock had previously closed at $71.80.

The energy company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.40. The business had revenue of $613.53 million during the quarter, compared to the consensus estimate of $550.35 million. During the same quarter last year, the company posted ($1.43) EPS. The firm’s revenue was up 11.5% on a year-over-year basis.

Several research firms have weighed in on ARCH. FBR & Co set a $96.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research report on Wednesday, October 11th. Macquarie began coverage on Arch Coal, Inc. Class A in a research report on Thursday, September 7th. They set a “neutral” rating and a $84.00 price objective on the stock. Zacks Investment Research upgraded Arch Coal, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Stifel Nicolaus set a $92.00 price objective on Arch Coal, Inc. Class A and gave the stock a “buy” rating in a research report on Friday, August 25th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Arch Coal, Inc. Class A in a research report on Thursday, September 21st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $93.00.

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in Arch Coal, Inc. Class A by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 10,556 shares of the energy company’s stock worth $721,000 after buying an additional 287 shares during the period. Parkwood LLC increased its position in Arch Coal, Inc. Class A by 8.3% during the 2nd quarter. Parkwood LLC now owns 4,680 shares of the energy company’s stock worth $320,000 after buying an additional 360 shares during the period. Bank of America Corp DE increased its position in Arch Coal, Inc. Class A by 3.3% during the 1st quarter. Bank of America Corp DE now owns 11,478 shares of the energy company’s stock worth $792,000 after buying an additional 370 shares during the period. Royal Bank of Canada grew its holdings in shares of Arch Coal, Inc. Class A by 140.6% during the 2nd quarter. Royal Bank of Canada now owns 1,655 shares of the energy company’s stock worth $113,000 after purchasing an additional 967 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Arch Coal, Inc. Class A by 21.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 7,897 shares of the energy company’s stock worth $567,000 after purchasing an additional 1,400 shares in the last quarter.

The company has a market cap of $1.86 billion and a P/E ratio of 1.06. The stock has a 50 day moving average of $72.99 and a 200-day moving average of $72.54.

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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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