|Bid||75.13 x 1100|
|Ask||75.25 x 900|
|Day's Range||74.28 - 75.61|
|52 Week Range||68.63 - 101.92|
|Beta (3Y Monthly)||0.37|
|PE Ratio (TTM)||4.16|
|Earnings Date||Feb 12, 2020 - Feb 17, 2020|
|Forward Dividend & Yield||1.80 (2.44%)|
|1y Target Est||101.43|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
Arch Coal, Inc. (NYSE:ARCH) announced today that its eastern operations were recently presented with seven Mountaineer Guardian Awards by the West Virginia Office of Miners' Health, Safety and Training and the West Virginia Coal Association.
ST. LOUIS, Nov. 20, 2019 /PRNewswire/ -- Arch Coal, Inc. (ARCH) announced today that its eastern operations were recently honored with four awards from the West Virginia Department of Environmental Protection and the West Virginia Coal Association. The state's top environmental honor – the Greenlands Award – was presented to Arch's Wolf Run subsidiary and its Beckley mine team for outstanding final reclamation work at an adjacent, long-idled underground mining and processing complex.
ST. LOUIS, Nov. 15, 2019 /PRNewswire/ -- Arch Coal, Inc. (ARCH) announced today that it has discontinued longwall operations at its Mountain Laurel mine in Logan County, West Virginia, three months earlier than planned. The move is expected to reduce Arch's fourth quarter coking coal volumes by between 150,000 and 200,000 tons and its fourth quarter operating results by approximately $20 million versus previous expectations. As previously discussed, Mountain Laurel had encountered challenging geologic conditions in its final longwall panel.
(Bloomberg) -- As coal prices tumble and bankruptcies rise, a few U.S. miners are still pushing ahead with plans to expand.Arch Coal Inc. and Consol Energy Inc. remain on track to open new mines to dig steelmaking, or metallurgical, coal from the West Virginia hills. That’s even as the market is already glutted, with prices down about 30% in 12 months.They’re betting they can produce coal cheaply enough to profit even as their rivals retrench. Bloomberg Intelligence expects the global supply of the metallurgical variety to exceed demand this year by 2.7%, as economic headwinds blunt steel demand. At least four U.S. companies have shut mines since August. Five have filed for bankruptcy this year.“There is a lot of pain in the marketplace,” Consol Chief Executive Officer Jimmy Brock said during a conference call last week. “We expect to hold our ground.”Here’s an overview of the few miners that still have plans to expand:Arch Ahead of ScheduleArch, the second largest U.S. miner, has already started digging small amounts of coal from its Leer South project, which won’t reach full production of 3 million tons annually until the third quarter of 2021. The company announced the project in February, when metallurgical coal prices were around $190 per ton. Now they’re at about $137. The site is near an existing Arch mine and will plumb the same reserves, reducing some of the risk for the company.In July, Arch sped up the project’s schedule by a quarter. Last month, the company said it would “drive forward with the accelerated build-out.” Arch did not respond to a request for comment.Consol Marches OnConsol, the eighth-largest U.S. miner, expects to begin extracting some coal next quarter from its Itmann mine in West Virginia before ramping up to full capacity in 2021. Excavation is already underway, and the company is working to hire miners. Consol announced the project in May, just as metallurgical coal prices peaked at about $200 million a ton. At the time, Brock said the returns on the project would “significantly” exceed capital costs even if met coal is $150 per ton.The company did not respond to a request for comment.Warrior On the FenceWarrior Met Coal Inc. is laying groundwork for a new metallurgical mine, too, but doesn’t plant to make a final decision on it until next early next year. The company expects the Blue Creek project will be “fully permitted and shovel ready” at that time.While Warrior Met has said repeatedly that it hasn’t made a final call, “many investors interpreted the company’s language on its earnings call to mean the project is more likely to happen than not,” Seaport Global analyst Mark Levin wrote in a research note.Contura’s Pending ResultsContura Energy Inc. has also unveiled plans to start production at a new metallurgical mine in West Virginia next year. But coal from the Lynn Branch project will essentially offset the lost output from another mine in the region that Contura is closing. The company hasn’t disclosed much in recent months about the project, which was announced in May. Contura is scheduled to report third-quarter earnings Thursday.Bankruptcies and Closing MinesMuch of the rest of the U.S. coal industry is struggling. Peabody Energy Corp., the top U.S. coal company, announced last month that it was closing an Illinois mine. Murray Energy Corp., the biggest closely held American coal producer, filed for bankruptcy last month, becoming at least the fifth to do so this year.“We probably won’t need all that new U.S. met coal within the time frame of when they’re expected to come online,” Bloomberg Intelligence Andrew Cosgrove said in an interview.(Michael R. Bloomberg, the founder and majority stakeholder of Bloomberg LP, the parent company of Bloomberg News, has committed $500 million to launch Beyond Carbon, a campaign aimed at closing the remaining coal-powered plants in the U.S. by 2030 and slowing the construction of new gas plants.)To contact the reporter on this story: Will Wade in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Lynn Doan at email@example.com, Joe Ryan, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
13Ds are filed with the Securities and Exchange Commission within 10 days of an entity’s attaining a greater than 5% position in any class of a company’s securities. Legion Partners Asset Management revealed on Oct. 28 that it had 3,567,946 shares of the purified water retailer—9.1% of the outstanding stock.
How do we determine whether Arch Coal, Inc. (NYSE:ARCH) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]
- Maintained excellent momentum in core coking coal franchise, with strong volumes and effective cost control - Signed agreement that will increase High-Vol A reserves at Leer mine by 24 million tons at ...
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.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Arch...