ST. LOUIS and CANONSBURG, Pa., Oct. 14, 2024 /PRNewswire/ -- Arch Resources, Inc. ("Arch") (NYSE: ARCH) and CONSOL Energy Inc. ("CONSOL") (NYSE: CEIX) today announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the "HSR Act"), in relation to the pending combination of CONSOL and Arch expired at 11:59 p.m. Eastern Time on October 11, 2024. The expiration of the waiting period under the HSR Act is one of the conditions to the closing of the pending combi ...

Here are three stocks added to the Zacks Rank #23 (Strong Sell) List today:Academy Sports and Outdoors, Inc. (ASO) is a retailer of sporting goods and outdoor recreational products. The Zacks Consensus Estimate for its current year earnings has been 4.8% downward over the last 60 days.Arch Resources, Inc. (ARCH) is a producer and seller of metallurgical products. The Zacks Consensus Estimate for its current year earnings has been revised 19.5% downward over the last 60 days.Capital Southwest Corporation (CS ...

Investors in Arch Resources, Inc. (ARCH) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 17, 2025 $80 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could als ...

Arch Resources, Inc. (ARCH) and CONSOL Energy Inc. (CEIX) have entered into a definitive agreement to combine in an all-stock merger of equals to create Core Natural Resources, a North American natural resource company focused on the global market.Core Natural Resources will bring together two strong operators in the coal space and offer high-quality, low-cost coals ranging from metallurgical to high calorific value thermal coals.Arch and CONSOL’s Merger Agreement TermsPer the terms of the agreement, unanim ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Rowley Law PLLC is investigating potential securities law violations by Arch Resources, Inc. (NYSE: ARCH) and its board of directors concerning the proposed acquisition of the company by CONSOL Energy Inc. (NYSE: CEIX). Stockholders will receive 1.326 shares of CONSOL Energy common stock for each share of Arch Resources stock that they hold. The transaction is expected to close by the end of the first quarter of 2025. If you are a stockholder of Arch Resources, In ...

Group 1 - Arch Resources and Consol Energy are merging in an all-stock deal to form Core Natural Resources, expected to close in early 2025 [1][2] - The combined entity will operate 11 mines and have an export capacity of approximately 25 million tonnes per annum (Mtpa) [1] - Core Natural Resources will have a market capitalization of about $5.2 billion if realized today [1] Group 2 - The merger is projected to generate annual cost and operational synergies between $110 million and $140 million [2] - The assets of both companies are described as highly complementary, enhancing diversification across coal types, end uses, and geographies [2] - Following the announcement, shares of Consol increased by 3.8% to $98.35, while Arch's shares rose by 1.8% to $129.06 [2]

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Arch Resources, Inc. (NYSE: ARCH), relating to its proposed merger with Consol Energy, Inc. Under the terms of the agreement, all Arch Resources common stock will be automatically convert ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

MILWAUKEE, Aug. 21, 2024 /PRNewswire/ -- Ademi LLP is investigating Arch (NYSE: ARCH) for possible breaches of fiduciary duty and other violations of law in its transaction with CONSOL.Click here to learn how to join our investigation https://www.ademilaw.com/case/arch-resources-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.Arch stockholders will receive only 1.326 shares of CONSOL common stock for each share of Arch common stock owned. The transaction agreement unr ...

Core Viewpoint - The Zacks Coal industry is facing challenges due to declining coal usage in thermal power plants in the U.S., but there is potential for growth driven by export demand, particularly from Europe amid ongoing geopolitical tensions [1][5]. Industry Overview - The Zacks Coal industry includes companies engaged in coal discovery and mining, with U.S. recoverable coal reserves estimated at 252 billion short tons, 58% of which is underground mineable coal [2]. - The industry is expected to see a decline in coal demand due to a shift towards renewable energy sources and the retirement of coal units [2]. Trends Impacting the Coal Industry - U.S. coal production is projected to decline by 14% to approximately 500 million short tons in 2024, with a further decrease to 475 million short tons in 2025 [3]. - The price of coal is expected to rise slightly to $2.53 per million British thermal units in 2024, which may provide some relief to coal operators [3]. - Emission policies and sustainability goals in the U.S. are leading to reduced coal usage, with coal's share in electricity generation expected to drop from 17% in 2023 to 16% in 2024 [4]. Export Dynamics - Despite a projected 6% drop in coal exports in 2024, the reopening of the Port of Baltimore is expected to improve export volumes in the long run [5]. - The World Steel Association forecasts a 1.7% increase in global steel demand in 2024, which could positively impact coal exports as steel production relies heavily on high-quality coal [5]. Industry Performance and Valuation - The Zacks Coal industry ranks 102 out of 251 Zacks industries, placing it in the top 41% [6]. - The coal industry has outperformed the Zacks Oil and Gas sector with a 15.3% gain over the past year, while the S&P 500 composite gained 28.8% [8]. - The industry currently trades at a trailing EV/EBITDA ratio of 4.34X, significantly lower than the S&P 500's 18.58X [9]. Notable Coal Stocks - **Peabody Energy**: Expected earnings per share for 2024 and 2025 have increased by 41.4% and 16.2%, respectively, with a current dividend yield of 1.32% [12]. - **Arch Resources**: The company is set to add 3 million tons of metallurgical coal annually, with a current dividend yield of 0.78% [15]. - **SunCoke Energy**: Anticipates a 4.4% increase in earnings per share for 2024, with a dividend yield of 4.58% [18]. - **Ramaco Resources**: Expected production volume for 2024 is 4 million tons, with a dividend yield of 4.28% [19].