79.29 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||79.39 x 800|
|Ask||79.40 x 900|
|Day's Range||77.45 - 79.66|
|52 Week Range||68.63 - 101.92|
|Beta (3Y Monthly)||0.39|
|PE Ratio (TTM)||4.37|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||1.80 (2.27%)|
|1y Target Est||97.25|
ST. LOUIS , Oct. 8, 2019 /PRNewswire/ -- Arch Coal, Inc. (NYSE:ARCH) will discuss its third quarter 2019 financial results in an investor conference call that will be broadcast live on Tuesday, October ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Arch Coal, Inc. New York, September 25, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Arch Coal, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Shares of Peabody Energy Corp. sank 8.1% toward a record low in afternoon trading Friday, after the coal miner said a terminated its cash tender offers to buy back debt, saying the markets didn't cooperate. "The company noted that, at this particular time, the debt markets do no accommodate a path toward completing the offers and achieving the company's refinancing objectives in an economic fashion," Peabody said in a statement late Wednesday. "The company intends to pursue alternative means to accomplish its longer-term objectives in a manner that adds value to the enterprise." Earlier this week, the company said it completed an upsizing of its revolving credit facility, to help enable the pending Arch Coal Inc. joint venture. On Friday, Peabody "confirmed its commitment" to the Arch Coal JV, saying it continues to progress through the regulatory approval process. Arch Coal's stock dropped 5.2% toward the lowest close since Oct. 30, 2017. Year to date, Peabody shares have slumped 48.7% and Arch Coal's stock has lost 13.2%, while the S&P 500 has gained 19.3%.
Moody's Investors Service ("Moody's") assigned a Ba3 rating to Peabody Energy Corporation's ("Peabody") proposed $900 million Senior Secured Notes. Proceeds from the offering, combined with funds from existing cash balances, will be used to repurchase and redeem approximately $1 billion of senior secured notes being tendered by the company. "Peabody's revised deal structure will lower debt balances by about $100 million, extend debt maturities, and pave the way for the proposed joint venture with Arch Coal," said Ben Nelson, Moody's Vice President -- Senior Credit Officer and lead analyst for Peabody Energy Corporation.
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Shares of Arch Coal Inc (NYSE: ARCH ) responded to the nearly 30% decline in met coal pricing since May. The upcoming positive catalysts could lend significant upside, even against the current weakness ...
Moody's Investors Service ("Moody's") affirmed Peabody Energy Corporation's ("Peabody") Ba3 Corporate Family Rating ("CFR"), assigned Ba3 ratings to the company's proposed $1.5 billion senior secured credit facilities, and assigned a B2 rating to the company's proposed $500 million senior unsecured notes. Proceeds from the proposed $900 million term loan and $500 million notes will be used to help refinance existing secured debt.
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