|Bid||33.33 x 800|
|Ask||33.49 x 800|
|Day's Range||32.36 - 33.54|
|52 Week Range||21.80 - 89.42|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||22.25|
|Earnings Date||Jul 28, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 02, 2020|
|1y Target Est||48.67|
Moody's Investors Service, ("Moody's") downgraded Arch Resources, Inc.'s ("Arch") Corporate Family Rating ("CFR") to B1 from Ba3 and senior secured ratings to B1 from Ba3. Moody's expects a very challenging year for the coal industry in 2020, and, with resurgent coronavirus infection rates in certain regions which limit the pace of improvement in end market demand, an extension of those challenges is expected into 2021.
Arch Resources, Inc. (NYSE: ARCH) today reported a net loss of $49.3 million, or $3.26 per diluted share, in the second quarter of 2020, compared with net income of $62.8 million, or $3.53 per diluted share, in the prior-year period. Arch had negative adjusted earnings before interest, taxes, depreciation, depletion, amortization, accretion on asset retirement obligations, and non-operating expenses ("adjusted EBITDA") 1 of $10.7 million in the second quarter of 2020, which includes a $0.1 million non-cash mark-to-market gain associated with the company's coal-hedging activities and excludes a $14.5 million gain associated with additional insurance proceeds from a previously disclosed equipment loss at Mountain Laurel. This compares to $105.6 million of adjusted EBITDA recorded in the second quarter of 2019, which included an $8.4 million non-cash mark-to-market gain associated with the company's coal-hedging activities. Revenues totaled $319.5 million for the three months ended June 30, 2020, versus $570.2 million in the prior-year quarter.
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