- Business

Arch Coal NYSE ARCH

Coal is a fossil fuel formed by many layers of sediment. Coal is used as an energy source as the compressed carbon in the pressured material burns for much longer than other materials like wood. The coal industry is one of the largest suppliers of energy. Most of the electricity that is generated in the country comes from coal, second only to natural gas. The US has more coal than any other country and accounts for a total of 25% of the total coal available in the world. In the United States, 966 billion kilowatt-hours of electricity is generated from coal alone. Generating about 23.5% of the nation’s electricity needs, coal operations remain to be profitable to investors.

Arch Coal, Inc. produces and sells thermal coal (used for residential energy) and metallurgical coal (used in iron and steel manufacturing) from the surface and underground mines. Arch Coal produces both cost-competitive thermal coal and higher energy-content metallurgical coal. As of December 31, 2018, the company operated nine active mines. It also owned or controlled primarily through long-term leases approximately 28,292 acres of coal land in Ohio; 1,060 acres of coal land in Maryland; 10,195 acres of coal land in Virginia; 359,122 acres of coal land in West Virginia; 81,868 acres of coal land in Wyoming; 268,802 acres of coal land in Illinois; 33,527 acres of coal land in Kentucky; 9,840 acres of coal land in Montana; 21,802 acres of coal land in New Mexico; 358 acres of coal land in Pennsylvania; and 19,146 acres of coal land in Colorado, as well as owned or controlled through long-term leases smaller pieces of property in Alabama, Indiana, Washington, Arkansas, California, Utah, and Texas.

The company sells its products to utilities, steel producers, and other industrial facilities in the United States, Europe, Asia, Central and South America, and Africa. Arch Coal supplies over 13% of the total coal used in the U.S., with the majority of its mining operations based in West Virginia, Wyoming, Colorado and Illinois. Arch Coal Inc. was founded in 1969 and is headquartered in St. Louis, Missouri. Mr John W. Eaves is the CEO and Director of Arch Coal Inc.

Stocks of Arch Coal are listed on the NYSE exchange with the symbol ‘ARCH’. NYSE: ARCH stock at https://www.webull.com/quote/nyse-arch is currently traded for $34.12. Analysts have arrived at a consensus ‘hold’ rating and have set a price target of $64.83, anticipating a potential upside by 90%. NYSE: ARCH reported an EPS of -$3.26, earnings of $319.50 million and paid a dividend of $0.05 per share in the first quarter of 2020. You can buy the stock share from the best stock trading app.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.

Leave a Reply

Your email address will not be published. Required fields are marked *