|Bid||13.77 x 800|
|Ask||14.02 x 800|
|Day's range||13.27 - 14.20|
|52-week range||0.80 - 19.83|
|Beta (5Y monthly)||1.58|
|PE ratio (TTM)||N/A|
|Earnings date||28 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||29 Oct 2019|
|1y target est||17.25|
Arch Resources' (ARCH) third-quarter earnings and revenues are better than expected. The company benefits from the higher sales price per ton.
Investors loved the coal miner early in the week and then quickly changed their minds, sending the shares lower. Here's why.
Shares of Peabody Energy (NYSE: BTU) crashed 16% by noon EDT on Tuesday, tanking on a day the coal stock received an analyst upgrade and one day after skyrocketing. This morning, B. Riley raised its price target on Peabody Energy by $1 to $23 a share, stating it saw the company's preliminary results as a "positive step forward." Peabody Energy reported its preliminary numbers for the third quarter yesterday, announcing its coal sales had topped $900 million to levels not seen in nearly seven quarters.