Arch Coal, Inc. (ACI), Eni S.p.A. (E), Royal Dutch Shell (RDS.A), W&T Offshore, Inc. (WTI), Toll Brothers, Inc. (TOL), Volcano (VOLC) and BGC Partners, Inc. (BGCP) had ratings and price targets on them adjusted by analysts.
BMO Capital Markets downgraded Arch Coal, Inc. (ACI) from an "Outperform" rating to a "Market Perform" rating.
Sanford C. Bernstein downgraded Eni S.p.A. (E) from an "Outperform" rating to a "Market Perform" rating.
Sanford C. Bernstein downgraded Royal Dutch Shell (RDS.A) from an "Outperform" rating to a "Market Perform" rating.
Global Hunter Securities upgraded W&T Offshore, Inc. (WTI) from an "Accumulate" rating to a "Buy" rating. They raised their price target on them from $25.00 to $30.00.
Credit Suisse upgraded Toll Brothers, Inc. (TOL) from a "Neutral" rating to a "Outperform" rating.
Goldman Sachs upgraded Volcano (VOLC) from a "Neutral" rating to a "Buy" rating.
Keefe, Bruyette & Woods downgraded BGC Partners, Inc. (BGCP) from an "Outperform" rating to a "Market Perform" rating.
Showing posts with label Arch Coal. Show all posts
Showing posts with label Arch Coal. Show all posts
Friday, March 9, 2012
Tuesday, February 14, 2012
Arch Coal (ACI) (GOOG) (DPZ) (BCS) (HFC) (STI) Ratings, Price Targets
Arch Coal (NYSE:ACI), Google (NASDAQ:GOOG), Domino’s Pizza (NYSE:DPZ), Barclays (NYSE:BCS), HollyFrontier (HFCHFC) and SunTrust Banks (NYSE:STI) had ratings and price targets on them adjusted by analysts.
Arch Coal (ACI) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Capstone initiated coverage on Google (GOOG). They have a "Buy" rating on the company.
Miller Tabak initiated coverage on Domino’s Pizza (DPZ). They have a "Hold" rating and a price target of $36.00 on the company.
BNP Paribas upgraded Barclays (BCS) from a "Neutral" rating to an "Outperform" rating.
Goldman Sachs (NYSE:GS) raised HollyFrontier (HFC) to its "Conviction Buy" list.
ISI Group downgraded SunTrust Banks (STI) from a "Hold" rating to a "Sell" rating.
Arch Coal (ACI) was downgraded by Argus from a "Buy" rating to a "Hold" rating.
Capstone initiated coverage on Google (GOOG). They have a "Buy" rating on the company.
Miller Tabak initiated coverage on Domino’s Pizza (DPZ). They have a "Hold" rating and a price target of $36.00 on the company.
BNP Paribas upgraded Barclays (BCS) from a "Neutral" rating to an "Outperform" rating.
Goldman Sachs (NYSE:GS) raised HollyFrontier (HFC) to its "Conviction Buy" list.
ISI Group downgraded SunTrust Banks (STI) from a "Hold" rating to a "Sell" rating.
Monday, January 23, 2012
Freeport (FCX) (ACI) (CF) (AGU) (MOS) (JRCC) Ratings, Price Targets
Freeport McMoRan Copper and Gold (NYSE: FCX), Arch Coal (NYSE: ACI), CF Industries Holdings (NYSE: CF), Agrium (NYSE: AGU), The Mosaic Company (NYSE: MOS) and James River Coal Company (NASDAQ: JRCC) ratings and price targets.
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on Freeport McMoRan Copper and Gold (FCX).
Arch Coal (ACI) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Bank of America (NYSE:BAC) initiated coverage on CF Industries Holdings (CF). They placed a “Buy” rating on the company.
Bank of America initiated coverage on Agrium (AGU). They placed a “Buy” rating on the company.
Bank of America initiated coverage on The Mosaic Company ( MOS). They placed a “Buy” rating on the company.
James River Coal Company (JRCC) was downgraded by UBS AG from a “Buy” rating to a “Neutral” rating.
Goldman Sachs (NYSE:GS) reiterated its "Buy" rating on Freeport McMoRan Copper and Gold (FCX).
Arch Coal (ACI) was downgraded by UBS AG (NYSE:UBS) from a “Buy” rating to a “Neutral” rating.
Bank of America (NYSE:BAC) initiated coverage on CF Industries Holdings (CF). They placed a “Buy” rating on the company.
Bank of America initiated coverage on Agrium (AGU). They placed a “Buy” rating on the company.
Bank of America initiated coverage on The Mosaic Company ( MOS). They placed a “Buy” rating on the company.
James River Coal Company (JRCC) was downgraded by UBS AG from a “Buy” rating to a “Neutral” rating.
Wednesday, November 16, 2011
Arch Coal (ACI) (WIN) (WLL) (WLP) (ADBE) (ADSK) Price Targets Changed
Arch Coal, Inc. (NYSE: ACI), Windstream (NYSE: WIN), Whiting Petroleum Co. (NYSE: WLL), WellPoint, Inc. (NYSE: WLP), Adobe Systems (NASDAQ: ADBE) and Autodesk (NASDAQ: ADSK) ahd price targets on them adjusted by analysts.
Windstream (WIN) had its price target lowered by UBS AG (NYSE:UBS) to $12.00. They have a “Neutral” rating on the company.
Whiting Petroleum Co. (WLL) had its price target lowered by Oppenheimer to $65.00. They have an “Overweight” rating on the company.
WellPoint, Inc. (WLP) had its price target raised by Oppenheimer. They have an “Outperform” rating on the company.
Arch Coal, Inc. (ACI) had its price target raised by Sterne Agee to $25.00. They have a “Neutral” rating on the company.
Adobe Systems (ADBE) had its price target raised by Citigroup (NYSE:C) to $35.00. They have a “Buy” rating on the company.
Autodesk (ADSK) had its price target lowered by UBS AG to $43.00. They have a “Buy” rating on the company.
Windstream (WIN) had its price target lowered by UBS AG (NYSE:UBS) to $12.00. They have a “Neutral” rating on the company.
Whiting Petroleum Co. (WLL) had its price target lowered by Oppenheimer to $65.00. They have an “Overweight” rating on the company.
WellPoint, Inc. (WLP) had its price target raised by Oppenheimer. They have an “Outperform” rating on the company.
Arch Coal, Inc. (ACI) had its price target raised by Sterne Agee to $25.00. They have a “Neutral” rating on the company.
Adobe Systems (ADBE) had its price target raised by Citigroup (NYSE:C) to $35.00. They have a “Buy” rating on the company.
Autodesk (ADSK) had its price target lowered by UBS AG to $43.00. They have a “Buy” rating on the company.
Tuesday, November 1, 2011
Arch Coal (ACI) (SLG) (VALE) (WCAA) (ABFS) (AVT) Price Targets Changed
Arch Coal, Inc. (NYSE: ACI), SL Green Realty Corp. (NYSE: SLG), Vale (NASDAQ: VALE), WCA Waste Co. (NASDAQ: WCAA), Arkansas Best Corp. (NASDAQ: ABFS) and Avnet, Inc. (NYSE: AVT) had price targets on them adjusted by analysts.
Arch Coal, Inc. (ACI) had its price target lowered by Dahlman Rose from $38.00 to $34.00. They have a “Buy” rating on the company.
SL Green Realty Corp. (SLG) had its price target raised by UBS AG (NYSE:UBS) from $78.00 to $80.00. They have a “Buy” rating on the company.
Vale (VALE) had its price target lowered by Barclays Capital from $42.00 to $37.00. They have an “Overweight” rating on the company.
WCA Waste Co. (WCAA) had its price target raised by Wedbush to $4.50.
Arkansas Best Corp. (ABFS) had its price target raised by Deutsche Bank (NYSE:DB) to $20.00.
Avnet, Inc. (AVT) had its price target raised by Credit Suisse (NYSE:CS) to $34.00. They have a “Neutral” rating on the company.
Arch Coal, Inc. (ACI) had its price target lowered by Dahlman Rose from $38.00 to $34.00. They have a “Buy” rating on the company.
SL Green Realty Corp. (SLG) had its price target raised by UBS AG (NYSE:UBS) from $78.00 to $80.00. They have a “Buy” rating on the company.
Vale (VALE) had its price target lowered by Barclays Capital from $42.00 to $37.00. They have an “Overweight” rating on the company.
WCA Waste Co. (WCAA) had its price target raised by Wedbush to $4.50.
Arkansas Best Corp. (ABFS) had its price target raised by Deutsche Bank (NYSE:DB) to $20.00.
Avnet, Inc. (AVT) had its price target raised by Credit Suisse (NYSE:CS) to $34.00. They have a “Neutral” rating on the company.
Tuesday, October 18, 2011
Arch Coal (ACI) (ADM) (BRD) (BTU) (LYB) (MUJ) Get New Coverage
Arch Coal, Inc. (NYSE: ACI), Archer Daniels Midland Company (NYSE: ADM), Brigus Gold (NYSE: BRD), Peabody Energy Corp. (NYSE: BTU), LyondellBasell (NYSE: LYB) and BLK MuniHoldings New Jersey Insured Fund (NYSE: MUJ) getting new coverage from analysts.
Davenport initiated coverage on Arch Coal, Inc. (ACI). They placed a “Neutral” rating on the company.
Argus initiated coverage on Archer Daniels Midland Company (ADM). They placed a “Hold” rating on the company.
Global Hunter Securities initiated coverage on Brigus Gold (BRD). They placed an “Accumulate” rating and a price target of $1.90 on the company.
Davenport initiated coverage on Peabody Energy Corp. (BTU). They placed a “Buy” rating on the company.
Deutsche Bank (NYSE:DB) initiated coverage on LyondellBasell (LYB). They placed a “Buy” rating and a price target of $40.00 on the company.
Stifel Nicolaus initiated coverage on BLK MuniHoldings New Jersey Insured Fund (MUJ). They placed a “Hold” rating on the company.
Davenport initiated coverage on Arch Coal, Inc. (ACI). They placed a “Neutral” rating on the company.
Argus initiated coverage on Archer Daniels Midland Company (ADM). They placed a “Hold” rating on the company.
Global Hunter Securities initiated coverage on Brigus Gold (BRD). They placed an “Accumulate” rating and a price target of $1.90 on the company.
Davenport initiated coverage on Peabody Energy Corp. (BTU). They placed a “Buy” rating on the company.
Deutsche Bank (NYSE:DB) initiated coverage on LyondellBasell (LYB). They placed a “Buy” rating and a price target of $40.00 on the company.
Stifel Nicolaus initiated coverage on BLK MuniHoldings New Jersey Insured Fund (MUJ). They placed a “Hold” rating on the company.
Friday, September 2, 2011
WESCO (WCC) (ACI) (APL) (TRMB) (BCS) (VOLVY) Upgraded
WESCO International, Inc. (NYSE: WCC), Arch Coal, Inc. (NYSE: ACI), Atlas Pipeline Partners, L.P. (NYSE: APL), Trimble Navigation (NASDAQ: TRMB), Barclays Capital (NYSE: BCS) and Volvo (OTC: VOLVY) upgraded by analysts.
WESCO International, Inc. (WCC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $53.00 on the company.
Arch Coal, Inc. (ACI) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Atlas Pipeline Partners, L.P. (APL) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Trimble Navigation (TRMB) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $50.00 on the company.
Barclays Capital (BCS) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $13.51 on the company.
Volvo (VOLVY) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
WESCO International, Inc. (WCC) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $53.00 on the company.
Arch Coal, Inc. (ACI) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
Atlas Pipeline Partners, L.P. (APL) was upgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Outperform” rating.
Trimble Navigation (TRMB) was upgraded by Piper Jaffray (NYSE:PJC) from a “Neutral” rating to an “Overweight” rating. They have a price target of $50.00 on the company.
Barclays Capital (BCS) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $13.51 on the company.
Volvo (VOLVY) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Thursday, September 1, 2011
Arch Coal (ACI) (CTSH) (DYN) (CELL) Upgraded
Arch Coal Inc (NYSE: ACI), Cognizant Technology Solutions (Nasdaq: CTSH), Dynegy (NYSE: DYN) and Brightpoint (Nasdaq: CELL) upgraded by analysts.
Needham & Company upgraded Cognizant Technology Solutions (CTSH) from "Buy" rating to a "Strong Buy" rating. They have a price target of $100 on the company.
Macquarie upgraded Dynegy (DYN) from an "Underperform" rating to a "Neutral" rating. They have a price target of $5 on the company.
BMO Capital upgraded Arch Coal Inc. (ACI) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $35 on the company, up from $30.
Citigroup (NYSE:C) upgraded Brightpoint (CELL) from a "Hold" rating to a "Buy" rating.
Needham & Company upgraded Cognizant Technology Solutions (CTSH) from "Buy" rating to a "Strong Buy" rating. They have a price target of $100 on the company.
Macquarie upgraded Dynegy (DYN) from an "Underperform" rating to a "Neutral" rating. They have a price target of $5 on the company.
BMO Capital upgraded Arch Coal Inc. (ACI) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $35 on the company, up from $30.
Citigroup (NYSE:C) upgraded Brightpoint (CELL) from a "Hold" rating to a "Buy" rating.
Tuesday, August 2, 2011
Toro (TTC) (UAL) (ACI) (EV) (ROK) (VOD) Upgraded
Toro (NYSE: TTC), United Continental (NYSE: UAL), Arch Coal, Inc. (NYSE: ACI), Eaton Vance Corp. (NYSE: EV), Rockwell Automation Inc. (NYSE: ROK) and Vodafone (NYSE: VOD) were upgraded by analysts.
Toro (TTC) was upgraded by analysts at Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.
United Continental (UAL) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target $24.00 on the company.
Arch Coal, Inc. (ACI) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Eaton Vance Corp. (EV) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Rockwell Automation Inc. (ROK) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $90.00 on the company, down from $92.00.
Vodafone (VOD) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $31.05 on the company.
Toro (TTC) was upgraded by analysts at Raymond James (NYSE:RJF) from a “Market Perform” rating to an “Outperform” rating.
United Continental (UAL) was upgraded by Dahlman Rose from a “Hold” rating to a “Buy” rating. They have a price target $24.00 on the company.
Arch Coal, Inc. (ACI) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Eaton Vance Corp. (EV) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Rockwell Automation Inc. (ROK) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $90.00 on the company, down from $92.00.
Vodafone (VOD) was upgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Buy” rating. They have a price target of $31.05 on the company.
Arch Coal (ACI) (AEP) (AGU) (CF) (CLF) (CMP) Price Targets Changed
Arch Coal, Inc. (NYSE: ACI), American Electric Power (NYSE: AEP), Agrium Inc. (USA) (NYSE: AGU), CF Industries Holdings Inc (NYSE: CF), Cliffs Natural Resources Inc (NYSE: CLF) and Compass Minerals International, Inc. (NYSE: CMP) price targets adjusted by analysts.
Arch Coal, Inc. (ACI) had its price target lowered by Brean Murray from $43.00 to $39.00. They have a “Buy” rating on the company.
American Electric Power (AEP) had its price target cut by Jefferies to $39.00.
Agrium Inc. (AGU) had its price target boosted by Chardan Capital Markets from $87.00to $92.00.
CF Industries Holdings (CF) had its price target raised by Chardan Capital Markets from $155.00 to $175.00.
Cliffs Natural Resources (CLF) had its price target lowered by FBR Capital from $144.00 to $140.00. They have an “Outperform” rating on the company.
Compass Minerals International, Inc. (CMP) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $83.00.
Arch Coal, Inc. (ACI) had its price target lowered by Brean Murray from $43.00 to $39.00. They have a “Buy” rating on the company.
American Electric Power (AEP) had its price target cut by Jefferies to $39.00.
Agrium Inc. (AGU) had its price target boosted by Chardan Capital Markets from $87.00to $92.00.
CF Industries Holdings (CF) had its price target raised by Chardan Capital Markets from $155.00 to $175.00.
Cliffs Natural Resources (CLF) had its price target lowered by FBR Capital from $144.00 to $140.00. They have an “Outperform” rating on the company.
Compass Minerals International, Inc. (CMP) had its price target lowered by JPMorgan Chase & Co. (NYSE:JPM) to $83.00.
Tuesday, July 19, 2011
Arch Coal (ACI) (BSYBY) (EOG) (EXC) (ITYBY) (STJ) Upgraded by Analysts
Arch Coal, Inc. (NYSE: ACI) was upgraded by Citigroup from a “neutral” rating to a “buy” rating. They cited valuation as the catalyst behind the call.
British Sky Broadcasting Group (BSYBY) was upgraded by UBS AG from a “neutral” rating to a “buy” rating.
EOG Resources (EOG) was upgraded by FBR Capital from a “market perform” rating to an “outperform” rating. They have a price target of $130.00 on the company.
Exelon Co. (EXC) was upgraded by Ticonderoga from a “neutral” rating to a “buy” rating. They have price target of $49.00 on the company.
Imperial Tobacco Group (ITYBY) was upgraded by Citigroup (NYSE:C) from a “hold” rating to a “buy” rating.
St. Jude Medical, Inc. (STJ) was upgraded by Barclays Capital from an “equal weight” rating to an “overweight” rating. They cited valuation as the catalyst behind their call.
British Sky Broadcasting Group (BSYBY) was upgraded by UBS AG from a “neutral” rating to a “buy” rating.
EOG Resources (EOG) was upgraded by FBR Capital from a “market perform” rating to an “outperform” rating. They have a price target of $130.00 on the company.
Exelon Co. (EXC) was upgraded by Ticonderoga from a “neutral” rating to a “buy” rating. They have price target of $49.00 on the company.
Imperial Tobacco Group (ITYBY) was upgraded by Citigroup (NYSE:C) from a “hold” rating to a “buy” rating.
St. Jude Medical, Inc. (STJ) was upgraded by Barclays Capital from an “equal weight” rating to an “overweight” rating. They cited valuation as the catalyst behind their call.
Wednesday, July 13, 2011
Ratings on Arch Coal (ACI) (CLNE) (MT) (WM) (PG) Changed by Analysts
Ratings on Arch Coal, Inc. (NYSE: ACI), Clean Energy Fuels Corp. (NASDAQ: CLNE), ArcelorMittal (NYSE: MT), Waste Management Inc (NYSE: WM) and Procter & Gamble (NYSE: PG) adjusted by analysts.
RBC Capital upgraded Arch Coal, Inc. (ACI) from a “sector perform” rating to an “outperform” rating.
Northland Securities upgraded Clean Energy Fuels Corp. (CLNE) from a “market perform” rating to an “outperform” rating.
Societe Generale upgraded ArcelorMittal (MT) from a “hold” rating to a “buy” rating.
Wedbush downgraded Waste Management Inc (WM) from a “neutral” rating to an “underperform” rating. They also cut their price target from $40.00 to $34.00 a share.
Jefferies (NYSE:JEF) downgraded Procter & Gamble (PG) from a “buy” rating to a “hold” rating.
Procter & Gamble closed Tuesday at $64.53, falling $0.19, or 0.29 percent. Waste Management closed at $36.63, down $0.52, or 1.40 percent. ArcelorMittal ended the session at $32.58, dropping $0.31, or 0.94 percent. Clean Energy Fuels Corp. closed at $15.08, gaining $1.96, or 14.94 percent. Arch Coal closed at $25.39, losing $0.05, or 0.20 percent.
RBC Capital upgraded Arch Coal, Inc. (ACI) from a “sector perform” rating to an “outperform” rating.
Northland Securities upgraded Clean Energy Fuels Corp. (CLNE) from a “market perform” rating to an “outperform” rating.
Societe Generale upgraded ArcelorMittal (MT) from a “hold” rating to a “buy” rating.
Wedbush downgraded Waste Management Inc (WM) from a “neutral” rating to an “underperform” rating. They also cut their price target from $40.00 to $34.00 a share.
Jefferies (NYSE:JEF) downgraded Procter & Gamble (PG) from a “buy” rating to a “hold” rating.
Procter & Gamble closed Tuesday at $64.53, falling $0.19, or 0.29 percent. Waste Management closed at $36.63, down $0.52, or 1.40 percent. ArcelorMittal ended the session at $32.58, dropping $0.31, or 0.94 percent. Clean Energy Fuels Corp. closed at $15.08, gaining $1.96, or 14.94 percent. Arch Coal closed at $25.39, losing $0.05, or 0.20 percent.
Monday, May 16, 2011
Coal's Peabody (BTU) (JRCC) (PCX) (ACI) Poised for Soaring Coal Demand
Exploding coal demand around the world should drive up the share price of many companies with significant exposure to coal like James River Coal Co. (NASDAQ:JRCC), Patriot Coal (NYSE:PCX), Peabody Energy Corporation (NYSE:BTU) and Arch Coal, Inc. (NYSE:ACI).
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.
Peabody Energy Corporation (BTU) closed Friday at $58.45, down $2.65, or 4.34 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.
Peabody Energy Corporation (BTU) closed Friday at $58.45, down $2.65, or 4.34 percent.
Friday, May 6, 2011
Arch Coal (ACI) (LLEN) (MCC) (CLD) Trade Mixed
Even with thermal coal demand rising, along with coal imports from China, Arch Coal, Inc. (NYSE:ACI), L&L Energy (NASDAQ:LLEN), Macarthur Coal Ltd. (MCC) and Cloud Peak Energy Inc. (NYSE:CLD) still closed mixed 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.
Cloud Peak Energy Inc. closed Thursday at $19.59, falling $0.59, or 2.92 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.
Cloud Peak Energy Inc. closed Thursday at $19.59, falling $0.59, or 2.92 percent.
Wednesday, May 4, 2011
Arch (ACI) (NRP) (YZC) (ICO) Futures Look Solid as Coal will Dominate
Coal demand should provide good returns for coal companies like Arch Coal, Inc. (NYSE:ACI), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and International Coal Group, Inc. (NYSE:ICO).
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.
Tuesday, May 3, 2011
Ratings on (ABB) (ACI) (CALP) (DISH) Upgraded by Analysts
Ratings on ABB Ltd (NYSE: ABB), Arch Coal, Inc. (NYSE: ACI), Caliper Life Sciences Inc. (NASDAQ: CALP) and DISH (NASDAQ: DISH) were upgraded today by analysts.
BNP Exane upgraded ABB Ltd (ABB) from a “neutral” rating to an “outperform” rating.
Brean Murray upgraded Arch Coal, Inc. (ACI) from a “hold” rating to a “buy” rating. They have a price target of $43.00 on the company, up from $32.00.
Leerink upgraded Caliper Life Sciences Inc. (CALP) to an “outperform” rating.
Wunderlich upgraded DISH (DISH) from a “sell” rating to a “hold” rating. They have a price target of $31.00 on the company, up from $21.00.
BNP Exane upgraded ABB Ltd (ABB) from a “neutral” rating to an “outperform” rating.
Brean Murray upgraded Arch Coal, Inc. (ACI) from a “hold” rating to a “buy” rating. They have a price target of $43.00 on the company, up from $32.00.
Leerink upgraded Caliper Life Sciences Inc. (CALP) to an “outperform” rating.
Wunderlich upgraded DISH (DISH) from a “sell” rating to a “hold” rating. They have a price target of $31.00 on the company, up from $21.00.
Price Targets on (ACI) (ADP) (AOL) (APA) (AOSL) Updated
Price targets on Arch Coal, Inc. (NYSE: ACI), Automatic Data Processing Incorporated (NYSE: ADP), AOL (NYSE: AOL), Apache (NYSE: APA) and Alpha and Omega Semi (NASDAQ: AOSL) were updated today by analysts.
FBR Capital cut their price target on Arch Coal, Inc. (ACI) from $50.00 to $46.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $52.00 to $60.00. They have an “outperform” rating on the company.
Oppenheimer raised their price target on Apache (APA) from $130.00 to $150.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) cut their price target on AOL (AOL) from $28.00 to $23.00. They have a “hold” rating on the company.
Stifel Nicolaus raised their price target on Alpha and Omega Semi (AOSL) from $18.00 to $20.00. They have a “buy” rating on the company.
FBR Capital cut their price target on Arch Coal, Inc. (ACI) from $50.00 to $46.00. They have an “outperform” rating on the company.
RBC Capital raised their price target on Automatic Data Processing Incorporated (ADP) from $52.00 to $60.00. They have an “outperform” rating on the company.
Oppenheimer raised their price target on Apache (APA) from $130.00 to $150.00. They have an “outperform” rating on the company.
Citigroup (NYSE:C) cut their price target on AOL (AOL) from $28.00 to $23.00. They have a “hold” rating on the company.
Stifel Nicolaus raised their price target on Alpha and Omega Semi (AOSL) from $18.00 to $20.00. They have a “buy” rating on the company.
Dividends of (UGI) (PH) (CFR) (JNJ) (COH) Boosted
Arch Coal Inc. (ACI), Costco Wholesale Corporation (COST), American States Water Company (AWR), Williams Partners L.P. (WMB) and Artesian Resources Corporation (ARTNA) all have boosted their dividends recently.
Arch Coal Inc. (ACI) raised its quarterly dividend on April 28th 10 percent or $0.11 a share. The dividend is payable June 15, 2011, to shareholders of record on June 1, 2011. The new payout has a yield of 1.2 percent.
Costco Wholesale Corporation (COST) raised its quarterly dividend on April 26th 1.7 percent to $0.24 a share. The dividend is payable May 27, 2011, to shareholders of record at the close of business on May 13, 2011. The new payout has a yield of 1.1 percent.
American States Water Company (AWR) raised its dividend on April 27 7.7 percent to 0.28 a share. The new payout has a yield of 3.2 percent.
Williams Partners L.P. (WMB) raised its quarterly dividend on April 26th 60 percent to $0.20 a share. The dividend is payable June 27, 2011, to holders of record at the close of business on June 10. The new payout has a yield of 2.4 percent.
Artesian Resources Corporation (ARTNA) raised its quarterly dividend on April 27th 0.5 percent to $0.1902 a share. The dividend is payable on May 20, 2011 to shareholders of record at the close of business on May 10, 2011. The new payout has a yield of 3.9 percent.
Arch Coal Inc. (ACI) raised its quarterly dividend on April 28th 10 percent or $0.11 a share. The dividend is payable June 15, 2011, to shareholders of record on June 1, 2011. The new payout has a yield of 1.2 percent.
Costco Wholesale Corporation (COST) raised its quarterly dividend on April 26th 1.7 percent to $0.24 a share. The dividend is payable May 27, 2011, to shareholders of record at the close of business on May 13, 2011. The new payout has a yield of 1.1 percent.
American States Water Company (AWR) raised its dividend on April 27 7.7 percent to 0.28 a share. The new payout has a yield of 3.2 percent.
Williams Partners L.P. (WMB) raised its quarterly dividend on April 26th 60 percent to $0.20 a share. The dividend is payable June 27, 2011, to holders of record at the close of business on June 10. The new payout has a yield of 2.4 percent.
Artesian Resources Corporation (ARTNA) raised its quarterly dividend on April 27th 0.5 percent to $0.1902 a share. The dividend is payable on May 20, 2011 to shareholders of record at the close of business on May 10, 2011. The new payout has a yield of 3.9 percent.
Monday, May 2, 2011
Arch Coal (ACI) (LLEN) (BTU) (WLB) (JOYG) Powered by Increasing Coal Demand
Surging 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 L&L Energy (NASDAQ:LLEN), Peabody Energy Corporation (NYSE:BTU), Arch Coal, Inc. (NYSE:ACI), Westmoreland Coal Company (AMEX:WLB) and Joy Global (Nasdaq:JOYG) 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.”
Peabody closed Friday at $66.82, climbing $2.26, or 3.50 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.”
Peabody closed Friday at $66.82, climbing $2.26, or 3.50 percent.
Wednesday, April 27, 2011
Massey (MEE) (ACI) (WLB) (JOYG) Close Mixed as Thermal Coal Demand Soars
Massey Energy (NYSE:MEE), Arch Coal, Inc. (NYSE:ACI), Westmoreland Coal Company (AMEX:WLB) and Joy Global (Nasdaq:JOYG 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.”
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