Eldorado Gold Co. (EGO), Alpha Natural Resources (ANR), Freeport McMoRan Copper and Gold (FCX), Range Resources (RRC), Thompson Creek Metals (TC) and Chesapeake Energy (CHK) had ratings and price targets on them adjusted by analysts.
TD Securities upgraded Eldorado Gold Co. (EGO) to a "Buy" rating.
Citigroup upgraded Alpha Natural Resources (ANR) from a "Neutral" rating to a "Buy" rating.
Citigroup upgraded Freeport McMoRan Copper and Gold (FCX) from a "Neutral" rating to a "Buy" rating.
Macquarie upgraded Range Resources (RRC) from a "Neutral" rating to a "Outperform" rating.
UBS AG upgraded Thompson Creek Metals (TC) from a "Neutral" rating to a "Buy" rating.
Citigroup downgraded Chesapeake Energy (CHK) from a "Buy" rating to a "Neutral" rating.
Showing posts with label Alpha Natural Resources. Show all posts
Showing posts with label Alpha Natural Resources. Show all posts
Monday, April 16, 2012
Friday, March 23, 2012
Randgold (GOLD) (ANR) (DB) (DFS) (GS) (COR) Ratings, Price Targets
Randgold Resources Ltd. (GOLD), Alpha Natural Resources (ANR), Deutsche Bank (DB), Discover Financial Services (DFS), Goldman Sachs (GS) and CoreSite Realty Corp (COR) had ratings and price targets on them adjusted by analysts.
Citigroup downgraded Randgold Resources Ltd. (GOLD) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded Alpha Natural Resources (ANR) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Deutsche Bank (DB) from a "Sector Perform" rating to a "Outperform" rating.
Goldman Sachs upgraded Discover Financial Services (DFS) from a "Neutral" rating to a "Buy" rating.
RBC Capital upgraded Goldman Sachs (GS) from a "Underperform" rating to a "Sector Perform" rating.
Citigroup downgraded CoreSite Realty Corp (COR) from a "Buy" rating to a "Neutral" rating.
Citigroup downgraded Randgold Resources Ltd. (GOLD) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded Alpha Natural Resources (ANR) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Deutsche Bank (DB) from a "Sector Perform" rating to a "Outperform" rating.
Goldman Sachs upgraded Discover Financial Services (DFS) from a "Neutral" rating to a "Buy" rating.
RBC Capital upgraded Goldman Sachs (GS) from a "Underperform" rating to a "Sector Perform" rating.
Citigroup downgraded CoreSite Realty Corp (COR) from a "Buy" rating to a "Neutral" rating.
Wednesday, March 7, 2012
Alpha (ANR) (MPC) (BID) (WWE) (CCIH) (GCA) (GDP) Ratings, Price Targets
Alpha Natural Resources (ANR), Marathon Petroleum (MPC), Sotheby's (BID), World Wrestling Entertainment Inc (WWE), Chinacache International Holdings Limited (CCIH), Global Cash Access Holdings, Inc. (GCA) and Goodrich Petroleum Co. (GDP) had ratings and price targets on them adjusted by analysts.
CRT Capital upgraded Alpha Natural Resources (ANR) to a "Sell" rating.
Benchmark Co. initiated coverage on Marathon Petroleum (MPC). They placed a "Hold" rating and price target of $39.00 on the company.
Williams Capital downgraded Sotheby's (BID) from a "Buy" rating to a "Hold" rating.
Roth Capital downgraded World Wrestling Entertainment (WWE) from a "Buy" rating to a "Neutral" rating.
Pacific Crest downgraded Chinacache International Holdings Limited (CCIH) from an "Outperform" rating to a "Sector Perform" rating.
Compass Point upgraded Global Cash Access Holdings, Inc. (GCA) from a "Neutral" rating to a "Buy" rating. They raised their price target from $5.00 to $12.00 on the company.
Capital One downgraded Goodrich Petroleum Co. (GDP) to a "Neutral" rating.
CRT Capital upgraded Alpha Natural Resources (ANR) to a "Sell" rating.
Benchmark Co. initiated coverage on Marathon Petroleum (MPC). They placed a "Hold" rating and price target of $39.00 on the company.
Williams Capital downgraded Sotheby's (BID) from a "Buy" rating to a "Hold" rating.
Roth Capital downgraded World Wrestling Entertainment (WWE) from a "Buy" rating to a "Neutral" rating.
Pacific Crest downgraded Chinacache International Holdings Limited (CCIH) from an "Outperform" rating to a "Sector Perform" rating.
Compass Point upgraded Global Cash Access Holdings, Inc. (GCA) from a "Neutral" rating to a "Buy" rating. They raised their price target from $5.00 to $12.00 on the company.
Capital One downgraded Goodrich Petroleum Co. (GDP) to a "Neutral" rating.
Monday, February 6, 2012
Teck (TCK) (SWI) (WY) (ANR) (CXO) (HNR) Ratings, Price Targets
Teck Resources Limited (NYSE: TCK), SolarWinds, Inc. (NYSE: SWI), Weyerhaeuser (NYSE: WY), Alpha Natural Resources (NYSE: ANR), Concho Resources Inc. (NYSE: CXO) and Harvest Natural Resources, Inc. (NYSE: HNR) had ratings and price targets on them adjusted by analysts.
Teck Resources Limited (TCK) was downgraded by TD Securities to a “Buy” rating.
SolarWinds, Inc. (SWI) had its price target raised by Mizuho from $30.00 to $38.00. They have a “Neutral” rating on the company.
Weyerhaeuser (WY) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating.
Alpha Natural Resources (ANR) had its price target lowered by Howard Weil from $39.00 to $37.00. They have an “Outperform” rating on the company.
Concho Resources Inc. (CXO) had its price target raised by Ladenburg Thalmann to $125.00.
Harvest Natural Resources, Inc. (HNR) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Teck Resources Limited (TCK) was downgraded by TD Securities to a “Buy” rating.
SolarWinds, Inc. (SWI) had its price target raised by Mizuho from $30.00 to $38.00. They have a “Neutral” rating on the company.
Weyerhaeuser (WY) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating.
Alpha Natural Resources (ANR) had its price target lowered by Howard Weil from $39.00 to $37.00. They have an “Outperform” rating on the company.
Concho Resources Inc. (CXO) had its price target raised by Ladenburg Thalmann to $125.00.
Harvest Natural Resources, Inc. (HNR) was downgraded by Rodman & Renshaw from an “Outperform” rating to a “Market Perform” rating.
Friday, December 23, 2011
Alpha Natural Resources (ANR) (AGCO) (IART) (AM) (CHCO) Downgraded
Alpha Natural Resources (ANR), Agco (NYSE: AGCO), Integra LifeSciences (NASDAQ: IART), American Greetings (NYSE: AM) and City Holding Company (NASDAQ: CHCO) were downgraded by analysts.
Disclosure Insight cut its rating on Agco (NYSE: AGCO) to Medium Risk - Negative Bias from Medium Risk - Positive Bias.
Disclosure Insight lowered its rating to Medium Risk on Alpha Natural Resources (ANR)
Disclosure Insight lowered its rating on Integra LifeSciences (IART) to Medium Risk - Negative Bias from Medium Risk - Positive Bias.
Northcoast Research has downgraded American Greetings (AM) to Neutral.
Stifel Nicolaus downgraded City Holding Company (CHCO) from Buy to Hold.
Disclosure Insight cut its rating on Agco (NYSE: AGCO) to Medium Risk - Negative Bias from Medium Risk - Positive Bias.
Disclosure Insight lowered its rating to Medium Risk on Alpha Natural Resources (ANR)
Disclosure Insight lowered its rating on Integra LifeSciences (IART) to Medium Risk - Negative Bias from Medium Risk - Positive Bias.
Northcoast Research has downgraded American Greetings (AM) to Neutral.
Stifel Nicolaus downgraded City Holding Company (CHCO) from Buy to Hold.
Tuesday, December 13, 2011
A M Castle & Co. (CAS) (NBG) (SKY) (NTE) (ING) (ANR) Biggest NYSE Losers
A M Castle & Co. (CAS), National Bank of Greece (NBG), Skyline Corporation (SKY), Nam Tai Electronics, Inc. (NTE), ING Groep (ING) and Alpha Natural Resources (ANR) were the biggest losers on the NYSE, Monday, December 12.
A M Castle & Co. (CAS) ended the session down 22.44 percent, closing at $9.61. They traded in a range of $9.58 to $12.01. A total of 895,809 shares changed hands.
National Bank of Greece (NBG) ended the session down 15.00 percent, closing at $2.04. They traded in a range of $2.01 to $2.10. A total of 992,909 shares changed hands.
Skyline Corporation (SKY) ended the session down 11.43 percent, closing at $6.20. They traded in a range of $6.15 to $6.79. A total of 63,919 shares changed hands.
Nam Tai Electronics, Inc. (NTE) ended the session down 11.43 percent, closing at $5.27. They traded in a range of $4.75 to $5.86. A total of 618,381 shares changed hands.
ING Groep (ING) ended the session down 8.94 percent, closing at $7.13. They traded in a range of $7.03 to $7.21. A total of 4,005,077 shares changed hands.
Alpha Natural Resources (ANR) ended the session down 8.91 percent, closing at $21.36. They traded in a range of $20.54 to $22.61. A total of 11,021,664 shares changed hands.
A M Castle & Co. (CAS) ended the session down 22.44 percent, closing at $9.61. They traded in a range of $9.58 to $12.01. A total of 895,809 shares changed hands.
National Bank of Greece (NBG) ended the session down 15.00 percent, closing at $2.04. They traded in a range of $2.01 to $2.10. A total of 992,909 shares changed hands.
Skyline Corporation (SKY) ended the session down 11.43 percent, closing at $6.20. They traded in a range of $6.15 to $6.79. A total of 63,919 shares changed hands.
Nam Tai Electronics, Inc. (NTE) ended the session down 11.43 percent, closing at $5.27. They traded in a range of $4.75 to $5.86. A total of 618,381 shares changed hands.
ING Groep (ING) ended the session down 8.94 percent, closing at $7.13. They traded in a range of $7.03 to $7.21. A total of 4,005,077 shares changed hands.
Alpha Natural Resources (ANR) ended the session down 8.91 percent, closing at $21.36. They traded in a range of $20.54 to $22.61. A total of 11,021,664 shares changed hands.
Tuesday, November 1, 2011
Alpha (ANR) (SOHU) (WBCO) (ATML) (WPI) (APOL) Ratings Reiterated
Alpha Natural Resources (NYSE: ANR), Sohu.Com Inc. (NASDAQ: SOHU), Washington Banking Company (NASDAQ: WBCO), Atmel (NASDAQ: ATML), Watson Pharmaceuticals Incorporated (NYSE: WPI) and Apollo Group, Inc. (NASDAQ: APOL) had ratings on them reiterated by analysts.
Deutsche Bank (NYSE:DB) reiterated its "Buy" rating on Alpha Natural Resources (ANR). They have a price target of $45.00 on the company.
Goldman Sachs (NYSE:GS) reiterated its "Neutral" rating on Sohu.Com Inc. (SOHU).
Wunderlich reiterated its "Buy" rating on Washington Banking Company (WBCO). They have a price target of $16.00 on the company.
Rodman & Renshaw reiterated its "Outperform" rating on Atmel (ATML). They have a price target of $15.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Sterne Agee reiterated its "Neutral" rating on Apollo Group, Inc. (APOL).
Deutsche Bank (NYSE:DB) reiterated its "Buy" rating on Alpha Natural Resources (ANR). They have a price target of $45.00 on the company.
Goldman Sachs (NYSE:GS) reiterated its "Neutral" rating on Sohu.Com Inc. (SOHU).
Wunderlich reiterated its "Buy" rating on Washington Banking Company (WBCO). They have a price target of $16.00 on the company.
Rodman & Renshaw reiterated its "Outperform" rating on Atmel (ATML). They have a price target of $15.00 on the company.
Piper Jaffray (NYSE:PJC) reiterated its "Overweight" rating on Watson Pharmaceuticals Incorporated (WPI).
Sterne Agee reiterated its "Neutral" rating on Apollo Group, Inc. (APOL).
Wednesday, August 31, 2011
Vulcan (VMC) (ABTL) (USCR) (AMCX) (TXI) (ANR) Get New Coverage
Vulcan Materials Company (NYSE: VMC), Autobytel Inc. (NASDAQ: ABTL), US Concrete Inc (NASDAQ: USCR), AMC Networks (NASDAQ: AMCX), Texas Industries (NYSE: TXI) and Alpha Natural Resources (NYSE: ANR) getting new coverage from analysts.
Keybanc initiated coverage on Vulcan Materials Company (VMC). They placed a “Hold” rating on the company.
B. Riley initiated coverage on Autobytel Inc. (ABTL). They placed a “Buy” rating and a price target of $1.40 on the company.
Keybanc initiated coverage on US Concrete Inc. (USCR). They placed a “Hold” rating on the company.
Bank of America (NYSE:BAC) initiated coverage on AMC Networks (AMCX). They placed a “Buy” rating and a price target of $42.00 on the company.
Keybanc initiated coverage on Texas Industries (TXI). They placed a “Hold” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Alpha Natural Resources (ANR). They placed a “Neutral” rating and a price target of $39.00 on the company.
Keybanc initiated coverage on Vulcan Materials Company (VMC). They placed a “Hold” rating on the company.
B. Riley initiated coverage on Autobytel Inc. (ABTL). They placed a “Buy” rating and a price target of $1.40 on the company.
Keybanc initiated coverage on US Concrete Inc. (USCR). They placed a “Hold” rating on the company.
Bank of America (NYSE:BAC) initiated coverage on AMC Networks (AMCX). They placed a “Buy” rating and a price target of $42.00 on the company.
Keybanc initiated coverage on Texas Industries (TXI). They placed a “Hold” rating on the company.
JPMorgan Chase & Co. (NYSE:JPM) initiated coverage on Alpha Natural Resources (ANR). They placed a “Neutral” rating and a price target of $39.00 on the company.
Friday, August 12, 2011
Uranerz (URZ) (WSO) (ANR) (WLT) (CLD) (OTEX) Price Targets Changed
Uranerz Energy Corporation (NYSE: URZ), Watsco, Incorporated (NYSE: WSO), Alpha Natural Resources (NYSE: ANR), Walter Energy (NYSE: WLT), Cloud Peak Energy (NYSE: CLD) and Open Text (NASDAQ: OTEX) price targets adjusted by analysts.
Watsco, Incorporated (WSO) had its price target lowered by UBS AG (NYSE:UBS) to $54.00. They have a “Neutral” rating on the company.
Alpha Natural Resources (ANR) had its price target lowered by FBR Capital from $58.00 to $53.00. They have an “Outperform” rating on the company.
Uranerz Energy Corporation (URZ) had its price target lowered by Dahlman Rose from $5.00 to $3.50. They have a “Buy” rating on the company.
Walter Energy (WLT) had its price target lowered by FBR Capital from $139.00 to $104.00. They have a “Market Perform” rating on the company.
Cloud Peak Energy (CLD) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.
Open Text (OTEX) had its price target lowered by The Benchmark Company from $56.00 to $52.00. They have a “Sell” rating on the company.
Watsco, Incorporated (WSO) had its price target lowered by UBS AG (NYSE:UBS) to $54.00. They have a “Neutral” rating on the company.
Alpha Natural Resources (ANR) had its price target lowered by FBR Capital from $58.00 to $53.00. They have an “Outperform” rating on the company.
Uranerz Energy Corporation (URZ) had its price target lowered by Dahlman Rose from $5.00 to $3.50. They have a “Buy” rating on the company.
Walter Energy (WLT) had its price target lowered by FBR Capital from $139.00 to $104.00. They have a “Market Perform” rating on the company.
Cloud Peak Energy (CLD) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.
Open Text (OTEX) had its price target lowered by The Benchmark Company from $56.00 to $52.00. They have a “Sell” rating on the company.
Monday, August 8, 2011
Kraft (KFT) (AIG) (ANR) (CAH) (GM) (HANS) (VC) EPS Estimates Changed
Kraft Foods Inc. (NYSE: KFT), American International Group, Inc. (NYSE: AIG), Alpha Natural Resources (NYSE: ANR), Cardinal Health (NYSE: CAH), General Motors (NYSE: GM), Hansen Natural Co. (NASDAQ: HANS) and Visteon Co. (NYSE: VC) EPS estimates adjusted by analysts.
Credit Suisse raised its EPS estimates on Kraft Foods Inc. (KFT). They have an “Outperform” rating and a price target of $41.00 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on American International Group, Inc. (AIG). They have a “Neutral” rating and a price target of $30.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Alpha Natural Resources (ANR). They have a “Neutral” rating and a price target of $40.00 on the company.
UBS AG boosted its EPS estimates on Cardinal Health (CAH). They have a “Buy” rating and a price target of $51.00 on the company.
UBS AG raised its EPS estimates on General Motors (GM). They have a “Buy” rating and a price target of $42.00 on the company.
UBS AG raised its EPS estimates on Hansen Natural Co. (HANS). They have a “Buy” rating and a price target of $90.00 on the company.
UBS AG raised its EPS estimates on Visteon Co. (VC). They have a “Buy” rating and a price target of $88.00 on the company.
Credit Suisse raised its EPS estimates on Kraft Foods Inc. (KFT). They have an “Outperform” rating and a price target of $41.00 on the company.
UBS AG (NYSE:UBS) lowered its EPS estimates on American International Group, Inc. (AIG). They have a “Neutral” rating and a price target of $30.00 on the company.
Credit Suisse (NYSE:CS) cut its EPS estimates on Alpha Natural Resources (ANR). They have a “Neutral” rating and a price target of $40.00 on the company.
UBS AG boosted its EPS estimates on Cardinal Health (CAH). They have a “Buy” rating and a price target of $51.00 on the company.
UBS AG raised its EPS estimates on General Motors (GM). They have a “Buy” rating and a price target of $42.00 on the company.
UBS AG raised its EPS estimates on Hansen Natural Co. (HANS). They have a “Buy” rating and a price target of $90.00 on the company.
UBS AG raised its EPS estimates on Visteon Co. (VC). They have a “Buy” rating and a price target of $88.00 on the company.
Monday, May 16, 2011
Coal's Cloud Peak (CLD) (NRP) (ANR) (ASX:MCC) Poised for Soaring Coal Demand
Soaring coal demand around the world should drive up the share prices of many companies with significant exposure to coal like Natural Resource Partners (NYSE:NRP) Alpha Natural Resources (NYSE:ANR), Macarthur Coal Ltd. (ASX:MCC) and Cloud Peak Energy Inc. (NYSE:CLD).
When it comes to coal don't listen to the snake-oil salesman from the mainstream media who attempt to paint coal as a dying industry, when in fact it's poised for an unprecedented upward move in demand as emerging markets and developing markets clamor for the energy source.
The two obvious candidates for just about everything - China and India - are behind the demand for coal of all types (thermal and coking), but the developing world is also looking to make up for shortfalls.
Most coal companies and companies with exposure to coal will benefit from this long-term trend, especially those in the United States, who are looking to expand beyond its domestic market, where demand is being artificially constrained by the government.
The coal in demand has high energy content (a particular strength in the U.S.) where coal has significant sulfur in it.
Climate change hucksters have been pressuring the radical Obama administration to cut back on coal domestically while just about everywhere else it's in huge demand.
This has even led former Microsoft CEO Bill Gates to say alternative energy sources like solar and wind are a "cute" idea, but will do little if anything to assuage the energy needs of the world.
He's referring to the billions of people in need of electricity and how sources like coal will be used for a long time into the future. He sees nuclear as being the more viable alternative than the anemic results coming from wind, power and geothermal sources.
In the short term demand from Japan will also make a big increase in demand for coal as it seeks alternative energy sources as it rebuilds the nation.
China is expected to import about 70 million tons of coal in 2011 while India will import about 60 million.
Thermal coal, which is used to generate electricity, is expected to surge in demand in 2011 to over 7 billion tons.
Recently Peabody Energy CEO Greg Boyce said investors that over the next decade coal will generate more electricity than "gas, oil, nuclear, hydro, geothermal and solar combined."
For coal companies based in America, their challenge is infrastructure related, where railroads and ports will be pressed to push through enough coal to meed surging demand.
According to Arch Coal President John Eaves, "It's something unprecedented in human history, arguably, 3 billion people going through an industrial revolution at the same time," referring to the possibility of about 11 percent (35 gigawatts) of coal-fired U.S. capacity being shut down over the next decade, while at the same time 249 gigawatts of new coal-fired power plants are being constructed around the world.
He sees close to another 800 million tons of new coal needed to supply the growing needs, in addition to what is already being supplied.
So when you read the next media report about the decline of the coal industry, take it with a grain of salt. The old energy source is becoming the next big thing, and will remain that way for decades.
Some will say that coal is back, but the fact is it never went away.
Well-run coal companies should grow for many years into the future. It is a long-term play, not something that will be volatile and experience huge swings on a day-to-day basis like silver can.
Cloud Peak (CLD) closed Friday at $19.97, down $0.96, or 4.59 percent.
When it comes to coal don't listen to the snake-oil salesman from the mainstream media who attempt to paint coal as a dying industry, when in fact it's poised for an unprecedented upward move in demand as emerging markets and developing markets clamor for the energy source.
The two obvious candidates for just about everything - China and India - are behind the demand for coal of all types (thermal and coking), but the developing world is also looking to make up for shortfalls.
Most coal companies and companies with exposure to coal will benefit from this long-term trend, especially those in the United States, who are looking to expand beyond its domestic market, where demand is being artificially constrained by the government.
The coal in demand has high energy content (a particular strength in the U.S.) where coal has significant sulfur in it.
Climate change hucksters have been pressuring the radical Obama administration to cut back on coal domestically while just about everywhere else it's in huge demand.
This has even led former Microsoft CEO Bill Gates to say alternative energy sources like solar and wind are a "cute" idea, but will do little if anything to assuage the energy needs of the world.
He's referring to the billions of people in need of electricity and how sources like coal will be used for a long time into the future. He sees nuclear as being the more viable alternative than the anemic results coming from wind, power and geothermal sources.
In the short term demand from Japan will also make a big increase in demand for coal as it seeks alternative energy sources as it rebuilds the nation.
China is expected to import about 70 million tons of coal in 2011 while India will import about 60 million.
Thermal coal, which is used to generate electricity, is expected to surge in demand in 2011 to over 7 billion tons.
Recently Peabody Energy CEO Greg Boyce said investors that over the next decade coal will generate more electricity than "gas, oil, nuclear, hydro, geothermal and solar combined."
For coal companies based in America, their challenge is infrastructure related, where railroads and ports will be pressed to push through enough coal to meed surging demand.
According to Arch Coal President John Eaves, "It's something unprecedented in human history, arguably, 3 billion people going through an industrial revolution at the same time," referring to the possibility of about 11 percent (35 gigawatts) of coal-fired U.S. capacity being shut down over the next decade, while at the same time 249 gigawatts of new coal-fired power plants are being constructed around the world.
He sees close to another 800 million tons of new coal needed to supply the growing needs, in addition to what is already being supplied.
So when you read the next media report about the decline of the coal industry, take it with a grain of salt. The old energy source is becoming the next big thing, and will remain that way for decades.
Some will say that coal is back, but the fact is it never went away.
Well-run coal companies should grow for many years into the future. It is a long-term play, not something that will be volatile and experience huge swings on a day-to-day basis like silver can.
Cloud Peak (CLD) closed Friday at $19.97, down $0.96, or 4.59 percent.
Friday, May 6, 2011
Peabody (BTU) (NRP) (YZC) (ICO) (ANR) Trade Down
Even with thermal coal demand rising, along with coal imports from China, Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC), Peabody Energy Corporation (NYSE:BTU), International Coal Group, Inc. (NYSE:ICO) and Alpha Natural Resources (NYSE:ANR) still closed down Thursday with the rest of the coal industry, as the sector took a break.
Coal prices in China have been soaring as domestic producers face higher costs. That has led to Chinese utilities looking outside the country for cheaper prices.
According to China Coal Transport and Distribution Association imports in May will increase as a result of the domestic market conditions in the country.
Inventories at ports continue to be low, which should cause domestic coal prices to continue to push up, increasing the coal imports, which will benefit any coal producer with exposure in China.
Peabody Energy Corporation closed Thursday at $61.75, falling $2.27, or 3.55 percent.
Coal prices in China have been soaring as domestic producers face higher costs. That has led to Chinese utilities looking outside the country for cheaper prices.
According to China Coal Transport and Distribution Association imports in May will increase as a result of the domestic market conditions in the country.
Inventories at ports continue to be low, which should cause domestic coal prices to continue to push up, increasing the coal imports, which will benefit any coal producer with exposure in China.
Peabody Energy Corporation closed Thursday at $61.75, falling $2.27, or 3.55 percent.
Wednesday, May 4, 2011
Price Targets On (ALB) (ANR) (BGFV) (CBS) (CCC) Updated by Analysts
Analysts have updated their price targets on Albemarle Co. (NYSE: ALB), Alpha Natural Resources (NYSE: ANR), Big 5 Sporting Goods (NASDAQ: BGFV), CBS (NYSE: CBS) and Calgon Carbon Corp (NYSE: CCC) .
Goldman Sachs (NYSE:GS) raised their price target on Albemarle Co. (ALB) to $74.00. They have a “buy” rating on the company. The EPS on the company was also boosted.
Brean Murray cut their price target on Alpha Natural Resources (ANR) from $81.00 to $77.00. They now have a “buy” rating on the company.
Credit Suisse (NYSE:CS) cut their price target on Big 5 Sporting Goods (BGFV) from $16.00 to $10.00. They have a “neutral” rating on the company. Cited as catalysts were rising expenses and short-term negative outlook.
UBS AG (NYSE:UBS) raised their price target on CBS (CBS) to $30.00. They have a “buy” rating on the company. EPS estimates were raised on the company because of momentum in advertising.
Brean Murray raised their price target on Calgon Carbon Corp (CCC) from $22.00 to $24.00. They have a “buy” rating on the company.
Goldman Sachs (NYSE:GS) raised their price target on Albemarle Co. (ALB) to $74.00. They have a “buy” rating on the company. The EPS on the company was also boosted.
Brean Murray cut their price target on Alpha Natural Resources (ANR) from $81.00 to $77.00. They now have a “buy” rating on the company.
Credit Suisse (NYSE:CS) cut their price target on Big 5 Sporting Goods (BGFV) from $16.00 to $10.00. They have a “neutral” rating on the company. Cited as catalysts were rising expenses and short-term negative outlook.
UBS AG (NYSE:UBS) raised their price target on CBS (CBS) to $30.00. They have a “buy” rating on the company. EPS estimates were raised on the company because of momentum in advertising.
Brean Murray raised their price target on Calgon Carbon Corp (CCC) from $22.00 to $24.00. They have a “buy” rating on the company.
L&L Energy (LLEN) (ANR) (PCX) (JRCC) Futures Look Solid as Coal will Dominate
Coal demand should provide good returns for coal companies like L&L Energy (NASDAQ:LLEN), Alpha Natural Resources (NYSE:ANR), Patriot Coal (NYSE:PCX) and James River Coal Co. (NASDAQ:JRCC).
While the stories of the demise of coal have been going on for decades, a new report from the U.S. Energy Information Administration called the “Annual Energy Outlook,” again asserts coal will decline substantially over the next 25 years, although it seems a lot of things will have to happen almost perfectly for that to be the case.
But if there is a significant dent made in the demand from coal, it'll come from natural gas, not from the expensive and unreliable sources like wind turbines and solar energy. At this time so-called renewable supply about 11 percent of electricy in America.
If the past is any indicator, the projections of coal replacement are far too optimistic, and it is certain it will be a major part of electrical generation for decades.
Coal suppliers should continue to do well for years, as demand continues, but it will probably be at a slower rate than in the past, and the amount of supply of metallurgical coal by a company will determine a lot of the success of each individual firm.
While the stories of the demise of coal have been going on for decades, a new report from the U.S. Energy Information Administration called the “Annual Energy Outlook,” again asserts coal will decline substantially over the next 25 years, although it seems a lot of things will have to happen almost perfectly for that to be the case.
But if there is a significant dent made in the demand from coal, it'll come from natural gas, not from the expensive and unreliable sources like wind turbines and solar energy. At this time so-called renewable supply about 11 percent of electricy in America.
If the past is any indicator, the projections of coal replacement are far too optimistic, and it is certain it will be a major part of electrical generation for decades.
Coal suppliers should continue to do well for years, as demand continues, but it will probably be at a slower rate than in the past, and the amount of supply of metallurgical coal by a company will determine a lot of the success of each individual firm.
Monday, May 2, 2011
Yanzhou (YZC) (ARLP) (AHGP) (NRP) (YZC) (ANR) Strengthened by Increasing Coal Demand
Soaring demand from China and India for thermal or steam coal, and to a lesser degree, coking or metallurgical coal, is pushing the price of coal up, as well as the share price of those coal companies and companies with coal exposure such as Alliance Resource Partners (NASDAQ:ARLP), Alliance Holdings GP, (NASDAQ:AHGP), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and Alpha Natural Resources (NYSE:ANR) who provide the needed energy source.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants. Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record as demand from China and India climb and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Resource Partners closed Friday at $82.36, climbing $2.95, or 3.71 percent.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants. Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record as demand from China and India climb and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Resource Partners closed Friday at $82.36, climbing $2.95, or 3.71 percent.
Yanzhou (YZC) (ARLP) (AHGP) (NRP) (YZC) (ANR) Strengthened by Increasing Coal Demand
Soaring demand from China and India for thermal or steam coal, and to a lesser degree, coking or metallurgical coal, is pushing the price of coal up, as well as the share price of those coal companies and companies with coal exposure such as Alliance Resource Partners (NASDAQ:ARLP), Alliance Holdings GP, (NASDAQ:AHGP), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and Alpha Natural Resources (NYSE:ANR) who provide the needed energy source.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants. Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record as demand from China and India climb and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Resource Partners closed Friday at $82.36, climbing $2.95, or 3.71 percent.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants. Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record as demand from China and India climb and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alliance Resource Partners closed Friday at $82.36, climbing $2.95, or 3.71 percent.
Wednesday, April 27, 2011
L&L Energy (LLEN) (ANR) (YZC) (PVR) Close Mixed as Thermal Coal Demand Soars
L&L Energy (NASDAQ:LLEN), Alpha Natural Resources (NYSE:ANR), Yanzhou coal mining Co. (NYSE:YZC) and Penn Virginia Resource Partners (NYSE:PVR) close mixed as surging demand from China and India for thermal or steam coal, and to a lesser extent, coking or metallurgical coal, is pushing the price of coal up, as well as the share price of those coal companies and companies with coal exposure like ... who provide the needed energy source.
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants.
Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record, as demand from China and India climbs and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
IN 2011 India should import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is expected to import about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal is used to run steel plants.
Overall, thermal coal demand is projected to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, soaring over 30 percent to a record, as demand from China and India climbs and Japan increases its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are similar to what other analysts have also projected for thermal coal prices in that time period.
Head of Rio Tinto Group’s Coal & Allied Industries Ltd. unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Monday, April 25, 2011
Massey (MEE) (PVR) (ARLP) (ACI) (ANR) Close Up as Thermal Coal Demand Explodes
Growing demand from China and India for thermal or steam coal, and to a lesser degree, coking or metallurgical coal, is driving the price of coal up, as well as the share price those coal companies and companies with coal exposure, such as Penn Virginia Resource Partners (NYSE:PVR), Alliance Resource Partners (NASDAQ:ARLP), Arch Coal, Inc. (NYSE:ACI), Massey Energy (NYSE:MEE) and Alpha Natural Resources (NYSE:ANR), all of which provide the needed energy source.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alpha Natural Resources closed Thursday at $57.08, gaining $0.86, or 1.53 percent. Massey Energy ended the day at $66.81, up $0.75, or 1.14 percent. Arch Coal, Inc. closed at $34.64, jumping $1.21, or 3.62 percent. Alliance Resource Partners closed the session at $76.48, rising $1.47, or 1.96 percent. Penn Virginia Resource Partners closed at $27.91, gaining $0.34, or 1.23 percent.
IN 2011 India is expected to import about 60 million tons of thermal coal, a 17 percent increase over 2010's 47 million tons. China is estimated to be looking at importing about 70 million tons of thermal coal in 2012.
Thermal coal is used to generate electricity while coking coal to run steel plants.
Overall, thermal coal demand is estimated to surpass 7 billion tons in 2011, according to U.S. coal producer Peabody Energy Corp. (NYSE:BTU).
Thermal coal will probably grow faster than oil and gas in 2011, increasing over 30 percent to a record, as demand from China and India soars and Japan adds to its imports to make up for nuclear power lost after the recent earthquake.
Daniel Brebner, an analyst for Deutsche Bank (NYSE:DB) in London, said in the early part of April, that thermal coal will average $132 a ton this year and $145 in 2012. Those prices are close to what other analysts have also projected for thermal coal prices going forward.
Head of Rio Tinto Group’s (NYSE:RIO) Coal & Allied Industries Ltd. (CNA) unit, Chris Renwick, said, “We expect strong demand growth in China and India will continue throughout 2011 and the long-term prospects are also bright. Our traditional Asian markets have returned to pre-global financial crisis demand levels.”
Alpha Natural Resources closed Thursday at $57.08, gaining $0.86, or 1.53 percent. Massey Energy ended the day at $66.81, up $0.75, or 1.14 percent. Arch Coal, Inc. closed at $34.64, jumping $1.21, or 3.62 percent. Alliance Resource Partners closed the session at $76.48, rising $1.47, or 1.96 percent. Penn Virginia Resource Partners closed at $27.91, gaining $0.34, or 1.23 percent.
Thursday, April 21, 2011
Arch Coal (ACI) (ANR) (ICO) (YZC) Close Up on Strong Demand, Higher Prices
While there have been some setbacks this year for some coal miners because of the floods in Australia, the overall industry looks robust, and demand is strong in China and India as coal firms like Arch Coal, Inc. (NYSE:ACI), Yanzhou coal mining Co. (NYSE:YZC) and International Coal Group, Inc. (NYSE:ICO) and Alpha Natural Resources (NYSE:ANR) closed up Wednesday on the long term trend.
Some thought the quarterly earnings report of Peabody Energy Corp. was going to drag down the coal sector, but guidance long term was strong, even in the midst of some of the short-term challenges.
Demand will remain strong for coal while supply is constrained. That's a good situation for any company providing a product, and it will be for the coal sector and the miners in it as well.
Record prices for steel-making metallurgical coal along with power-generating thermal coal in recent weeks has also given a boost to the industry.
Coal's importance will remand for decades and longer, and those supplying it should enjoy some solid growth and earnings during that time.
Alpha Natural Resources closed at $56.22, gaining $1.62, or 2.97 percent. International Coal Group, Inc. ended the session at $10.68, up $0.17, or 1.62 percent. Yanzhou coal mining Co. closed at $37.70, rising $1.23, or 3.37 percent. Arch Coal, Inc. closed the day at $33.43, jumping $0.32, or 0.97 percent.
Some thought the quarterly earnings report of Peabody Energy Corp. was going to drag down the coal sector, but guidance long term was strong, even in the midst of some of the short-term challenges.
Demand will remain strong for coal while supply is constrained. That's a good situation for any company providing a product, and it will be for the coal sector and the miners in it as well.
Record prices for steel-making metallurgical coal along with power-generating thermal coal in recent weeks has also given a boost to the industry.
Coal's importance will remand for decades and longer, and those supplying it should enjoy some solid growth and earnings during that time.
Alpha Natural Resources closed at $56.22, gaining $1.62, or 2.97 percent. International Coal Group, Inc. ended the session at $10.68, up $0.17, or 1.62 percent. Yanzhou coal mining Co. closed at $37.70, rising $1.23, or 3.37 percent. Arch Coal, Inc. closed the day at $33.43, jumping $0.32, or 0.97 percent.
Monday, April 18, 2011
Patriot Coal (PCX) (LLEN) (ANR) Close Up On Coal Prices
Coal companies have been performing somewhat volatile of late, depending on specific results for each company, even though the overall sector has been doing well recently. Coal companies like L&L Energy (NASDAQ:LLEN), Alpha Natural Resources (NYSE:ANR) and Patriot Coal (NYSE:PCX) closed up on Friday.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
L&L Energy closed Friday at $6.65, gaining $0.90, or 15.65 percent. Alpha Natural Resources closed at $55.13, up $1.68, or 3.14 percent. Patriot Coal ended the session at $24.83, up $0.30, or 1.22 percent.
Metallurgical coal prices were mixed last week on the U.S. spot market, with spot prices for low-volatility coking coal dropping $3.12, or 0.9 percent, to $326.88 a ton in the week ended Friday, according to Energy Publishing Inc.. High-volatility coal remained the same at $298.33.
Like any sector, coal companies, even within a high-demand industry, still won't be carried solely by the robust market demand.
Even so, approximately 40 percent of global electricity production comes from coal, and should rise in the years ahead, as coal consumption is expected to increase at a rate of 2.5 percent annually over the next 20 years, according to Research and Markets.
It could even be more than that, as evidenced by the 5 percent increase in 2010, according to the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should jump by between 2 to 3 percent.
JPMorgan (NYSE:JPM) also recently said coal prices are up over the last year, but are still below the highs attained before the financial crisis in the latter part of 2008, suggesting room to move higher, although the health of the global economy will play a role there.
Coal is still the major fuel for electricity production. Global coal consumption, approximately 6.7 billion tons in 2006, is set to reach close 10 billion tons in 2011.
China produces about 70 percent of its electricity from coal and demand there continues to grow. Demand for coal to fuel power plants will climb to 1.4 billion tons by 2015, according to China Huaneng Group Corp.’s Chief Economist Wu Dawei.
So when you hear the next report attempt to downplay the role of coal, don't believe it. It's as needed and in demand as ever, and similar to the oil peak predictions, is pretty much a joke, as coal has been attempted to be painted in the same way, not taking into account the huge amounts of coal being discovered in China, and other places, and extraction methods that have been improved.
Many coal companies will shine, but they still need to be judged by their individual merits and not expect the ongoing coal demand imply all of them will be winners pulled up by the broader sector.
L&L Energy closed Friday at $6.65, gaining $0.90, or 15.65 percent. Alpha Natural Resources closed at $55.13, up $1.68, or 3.14 percent. Patriot Coal ended the session at $24.83, up $0.30, or 1.22 percent.
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