Patriot Coal (NYSE: PCX), The Hanover Insurance Group (NYSE: THG), TICC Capital (NASDAQ: TICC), iStar Financial (NYSE: SFI), Synovus Financial (NYSE: SNV) and SRS Labs (NASDAQ: SRSL) ratings and price targets.
The Hanover Insurance Group (THG) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
Patriot Coal (PCX) was downgraded by Simmons to a “neutral” rating.
TICC Capital (TICC) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating.
iStar Financial (SFI) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
Synovus Financial (SNV) was upgraded by Zacks Investment Research from a “neutral” rating to an “outperform” rating.
SRS Labs (SRSL) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating.
Showing posts with label Patriot Coal. Show all posts
Showing posts with label Patriot Coal. Show all posts
Wednesday, January 11, 2012
Tuesday, December 13, 2011
Patriot Coal (PCX) (PETD) (PJC) (DLTR) (DMAN) (DX) Ratings, Price Targets
Patriot Coal Corp. (PCX), Petroleum Development Co. (PETD), Piper Jaffray (PJC), Dollar Tree Inc. (DLTR), DemandTec, Inc. (DMAN) and Dynex Capital, Inc. (DX) ratings and price targets.
CRT Capital initiated coverage on Patriot Coal Corp. (PCX). They placed a “Buy” rating on the company.
C.K. Cooper reiterated its “Buy” rating on Petroleum Development Co. (PETD). They have a price target of $40.00 on the company.
Zacks Investment Research upgraded Piper Jaffray (PJC) from an “Underperform” rating to a “Neutral” rating.
FBR Capital initiated coverage on Dollar Tree Inc. (DLTR). They placed a “Market Perform” rating on the company.
Raymond James (NYSE:RJF) downgraded DemandTec, Inc. (DMAN) from an “Outperform” rating to a “Market Perform” rating.
Zacks Investment Research upgraded Dynex Capital, Inc. (DX) from an “Underperform” rating to a “Neutral” rating.
CRT Capital initiated coverage on Patriot Coal Corp. (PCX). They placed a “Buy” rating on the company.
C.K. Cooper reiterated its “Buy” rating on Petroleum Development Co. (PETD). They have a price target of $40.00 on the company.
Zacks Investment Research upgraded Piper Jaffray (PJC) from an “Underperform” rating to a “Neutral” rating.
FBR Capital initiated coverage on Dollar Tree Inc. (DLTR). They placed a “Market Perform” rating on the company.
Raymond James (NYSE:RJF) downgraded DemandTec, Inc. (DMAN) from an “Outperform” rating to a “Market Perform” rating.
Zacks Investment Research upgraded Dynex Capital, Inc. (DX) from an “Underperform” rating to a “Neutral” rating.
Monday, August 15, 2011
AutoZone, Inc. (AZO) (CX) (VRSN) (ATI) (SWN) (PCX) (AZO) Upgraded
AutoZone, Inc. (NYSE: AZO), Cemex SAB de CV (NYSE: CX), Verisign, Inc. (NASDAQ: VRSN), Allegheny Technologies Incorporated (NYSE: ATI), Southwestern Energy (NYSE: SWN), Patriot Coal Corp (NYSE: PCX) and AutoZone, Inc. (NYSE: AZO) upgraded by analysts.
Cemex SAB de CV (CX) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Verisign, Inc. (VRSN) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Allegheny Technologies Incorporated (ATI) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Southwestern Energy (SWN) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $45.00 on the company, down from $47.00.
Patriot Coal Corp. (PCX) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
AutoZone, Inc. (AZO) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $332.00 on the company.
Cemex SAB de CV (CX) was upgraded by Bank of America (NYSE:BAC) from an “Underperform” rating to a “Neutral” rating.
Verisign, Inc. (VRSN) was upgraded by Credit Agricole from an “Outperform” rating to a “Buy” rating.
Allegheny Technologies Incorporated (ATI) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
Southwestern Energy (SWN) was upgraded by Robert W. Baird from a “Neutral” rating to an “Outperform” rating. They have a price target of $45.00 on the company, down from $47.00.
Patriot Coal Corp. (PCX) was upgraded by Citigroup (NYSE:C) from a “Sell” rating to a “Hold” rating.
AutoZone, Inc. (AZO) was upgraded by Oppenheimer from a “Perform” rating to an “Outperform” rating. They have a price target of $332.00 on the company.
Friday, August 12, 2011
Patriot (PCX) (MASI) (AVT) (NWSA) (GNW) Price Targets Changed
Patriot Coal Corporation (NYSE: PCX), Masimo Corporation (NASDAQ: MASI), Avnet, Inc. (NYSE: AVT), News Corp. (NASDAQ: NWSA) and Genworth Financial, Inc. (NYSE: GNW) price targets adjusted by analysts.
Patriot Coal Corporation (PCX) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.
Masimo Corporation (MASI) had its price target lowered by Citigroup (NYSE:C) to $24.00. They have a “Sell” rating on the company.
Avnet, Inc. (AVT) had its price target lowered by Brean Murray from $44.00 to $30.00. They have a “Buy” rating on the company.
News Corp. (NWS-A) had its price target raised by Wunderlich from $18.00 to $20.00. They have a “Buy” rating on the company.
Genworth Financial, Inc. (GNW) had its price target lowered by Credit Suisse (NYSE:CS) to $8.00. They have a “Neutral” rating on the company.
Patriot Coal Corporation (PCX) had its price target lowered by FBR Capital from $28.00 to $25.00. They have an “Outperform” rating on the company.
Masimo Corporation (MASI) had its price target lowered by Citigroup (NYSE:C) to $24.00. They have a “Sell” rating on the company.
Avnet, Inc. (AVT) had its price target lowered by Brean Murray from $44.00 to $30.00. They have a “Buy” rating on the company.
News Corp. (NWS-A) had its price target raised by Wunderlich from $18.00 to $20.00. They have a “Buy” rating on the company.
Genworth Financial, Inc. (GNW) had its price target lowered by Credit Suisse (NYSE:CS) to $8.00. They have a “Neutral” rating on the company.
Thursday, July 28, 2011
Juniper (JNPR) (IR) (LRY) (PCX) (SBGI) (SCHW) Downgraded
Juniper Networks (NASDAQ: JNPR), Ingersoll-Rand (NYSE: IR), Liberty Property (NYSE: LRY), Patriot Coal Corp (NYSE: PCX), Sinclair Broadcast Group Inc (NASDAQ: SBGI) and Charles Schwab (NASDAQ: SCHW) downgraded by analysts.
Juniper Networks (JNPR) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $46.00 on the company.
Ingersoll-Rand (IR) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Liberty Property (LRY) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Patriot Coal (PCX) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $24.00 on the company.
Sinclair Broadcast Group (SBGI) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Charles Schwab (SCHW) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.
Juniper Networks (JNPR) was downgraded by Oppenheimer from an “Outperform” rating to a “Perform” rating. They have a price target of $46.00 on the company.
Ingersoll-Rand (IR) was downgraded by Argus from a “Buy” rating to a “Hold” rating.
Liberty Property (LRY) was downgraded by Janney Montgomery Scott from a “Buy” rating to a “Neutral” rating.
Patriot Coal (PCX) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating. They have a price target of $24.00 on the company.
Sinclair Broadcast Group (SBGI) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating.
Charles Schwab (SCHW) was downgraded by Ticonderoga from a “Buy” rating to a “Neutral” rating.
Patriot Coal (PCX) (JNPR) (ROSE) (RRC) (ECBE) (HTGC) Downgraded
Patriot Coal Corp (NYSE: PCX), Juniper Networks (NASDAQ: JNPR), Rosetta Resources Inc. (NASDAQ: ROSE), Range Resources (NYSE: RRC), ECB Bancorp, Inc. (NASDAQ: ECBE) and Hercules Tech. (NASDAQ: HTGC) downgraded by analysts.
Juniper Networks (JNPR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $26.00 on the company.
Patriot Coal (PCX) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $26.00 on the company, down from $33.00.
Rosetta Resources (ROSE) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Range Resources (RRC) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
ECB Bancorp (ECBE) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Hercules Tech. (HTGC) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Juniper Networks (JNPR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from an “Overweight” rating to a “Neutral” rating. They have a price target of $26.00 on the company.
Patriot Coal (PCX) was downgraded by Howard Weil from an “Outperform” rating to a “Market Perform” rating. They have a price target of $26.00 on the company, down from $33.00.
Rosetta Resources (ROSE) was downgraded by Susquehanna from a “Positive” rating to a “Neutral” rating.
Range Resources (RRC) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
ECB Bancorp (ECBE) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Hercules Tech. (HTGC) was downgraded by Keefe, Bruyette & Woods, Inc from an “Outperform” rating to a “Market Perform” rating.
Monday, July 18, 2011
Patriot Coal (PCX) (HK) (DV) (ANGO) (PPDI) Upgraded by Analysts
Patriot Coal (NYSE: PCX), Petrohawk Energy (NYSE: HK), DeVry Inc. (NYSE: DV), AngioDynamics (NASDAQ: ANGO) and Pharmaceutical Product Development (NASDAQ: PPDI) upgraded by analysts.
Canaccord Genuity upgraded AngioDynamics (ANGO) from a “Hold” rating to a “Buy” rating. They have a price target of $16.50 on the company, up from $15.00.
UBS AG (NYSE: UBS) upgraded DeVry Inc. (DV) from a “Neutral” rating to a “Buy” rating. They have a price target of $75.00 on the company, up from $55.00.
Lazard Capital upgraded Petrohawk Energy (HK) was upgraded by analysts at from a “Sell” rating to a “Neutral” rating.
BMO Capital Markets upgraded Patriot Coal (PCX) to a “Market Perform” rating.
William Blair upgraded Pharmaceutical Product Development (PPDI) from a “Market Perform” rating to an “Outperform” Rating.
Canaccord Genuity upgraded AngioDynamics (ANGO) from a “Hold” rating to a “Buy” rating. They have a price target of $16.50 on the company, up from $15.00.
UBS AG (NYSE: UBS) upgraded DeVry Inc. (DV) from a “Neutral” rating to a “Buy” rating. They have a price target of $75.00 on the company, up from $55.00.
Lazard Capital upgraded Petrohawk Energy (HK) was upgraded by analysts at from a “Sell” rating to a “Neutral” rating.
BMO Capital Markets upgraded Patriot Coal (PCX) to a “Market Perform” rating.
William Blair upgraded Pharmaceutical Product Development (PPDI) from a “Market Perform” rating to an “Outperform” Rating.
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
Posco (PKX) (MEE) (PCX) (JRCC) Take Breather
Even with thermal coal demand rising, along with coal imports from China, POSCO (NYSE:PKX), Massey Energy (NYSE:MEE), Patriot Coal (NYSE:PCX) and James River Coal Co. (JRCC) still pulled back Thursday with the rest of the coal industry, as the sector took a breather.
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.
POSCO closed Thursday at $109.08, falling $0.49, or 0.45 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.
POSCO closed Thursday at $109.08, falling $0.49, or 0.45 percent.
Wednesday, May 4, 2011
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
Massey (MEE) (PCX) (CLD) (ICO) (PVR) 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 Massey Energy (NYSE:MEE), Patriot Coal (NYSE:PCX), International Coal Group, Inc. (NYSE:ICO), Cloud Peak Energy Inc. (NYSE:CLD) and Penn Virginia Resource Partners (NYSE:PVR) 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.”
Massey Energy closed Friday at $68.242, climbing $1.90, or 2.86 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.”
Massey Energy closed Friday at $68.242, climbing $1.90, or 2.86 percent.
Wednesday, April 27, 2011
Peabody (BTU) (ARLP) (NRP) (PCX) Close Mixed as Thermal Coal Demand Soars
Alliance Resource Partners (NASDAQ:ARLP), Natural Resource Partners (NYSE:NRP), Peabody Energy Corporation (NYSE:BTU) and Patriot Coal (NYSE:PCX) 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
Joy Global (JOYG) (NRP) (AHGP) (PCX) 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 like Patriot Coal (NYSE:PCX), Natural Resource Partners (NYSE:NRP), Alliance Holdings GP (NASDAQ:AHGP) and Joy Global (Nasdaq:JOYG), 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.”
Alliance Holdings GP closed Thursday at $50.60, gaining $0.94, or 1.89 percent. Natural Resource Partners ended the day at $34.12, up $0.93, or 2.80 percent. Joy Global closed at $98.46, jumping $1.62, or 1.67 percent. Patriot Coal Corporation closed the session at $26.09, rising $1.56, or 6.36 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.”
Alliance Holdings GP closed Thursday at $50.60, gaining $0.94, or 1.89 percent. Natural Resource Partners ended the day at $34.12, up $0.93, or 2.80 percent. Joy Global closed at $98.46, jumping $1.62, or 1.67 percent. Patriot Coal Corporation closed the session at $26.09, rising $1.56, or 6.36 percent.
Thursday, April 21, 2011
Massey (MEE) (CLD) (PCX) (WLB) 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 Massey Energy (NYSE:MEE), Cloud Peak Energy Inc. (NYSE:CLD), Patriot Coal (NYSE:PCX) and Westmoreland Coal Company (AMEX:WLB) closed up Wednesday on the long term trend.
Some thought the quarterly earnings report of Peabody Energy Corp. (NYSE:BTU) 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.
Westmoreland Coal Company closed at $16.68, gaining $0.38, or 2.33 percent. Patriot Coal ended the session at $24.53, up $0.43, or 1.78 percent. Cloud Peak Energy Inc. closed at $19.66, rising $0.24, or 1.24 percent. Massey Energy closed the day at $66.06, jumping $1.67, or 2.59 percent.
Some thought the quarterly earnings report of Peabody Energy Corp. (NYSE:BTU) 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.
Westmoreland Coal Company closed at $16.68, gaining $0.38, or 2.33 percent. Patriot Coal ended the session at $24.53, up $0.43, or 1.78 percent. Cloud Peak Energy Inc. closed at $19.66, rising $0.24, or 1.24 percent. Massey Energy closed the day at $66.06, jumping $1.67, or 2.59 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.
Friday, April 15, 2011
Coal's Massey (MEE) (ICO) (LLEN) (ANR) (PCX) Trade Mixed
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. Firms like International Coal Group (NYSE:ICO), Massey Energy (NYSE:MEE), L&L Energy (NASDAQ:LLEN), Alpha Natural Resources (NYSE:ANR) and Patriot Coal (NYSE:PCX) closed mixed on Thursday, as the market looks for short-term direction.
Like any sector, coal companies, even within the 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 that could 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, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow 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 he 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.
Patriot Coal closed Thursday at $24.53, gaining $0.47, or 1.95 percent. Alpha Natural Resources closed at $53.45, falling $0.44, or 0.82 percent. L&L Energy ended the session at $5.75, jumping $0.75, or 15.00 percent. Massey Energy closed at $63.00, down $0.25, or 0.40 percent. International Coal Group closed at $11.04, rising $0.43, or 4.05 percent.
Like any sector, coal companies, even within the 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 that could 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, said the EIA. It adds that 2011 coal consumption should remain about level, and in 2012 should grow 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 he 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.
Patriot Coal closed Thursday at $24.53, gaining $0.47, or 1.95 percent. Alpha Natural Resources closed at $53.45, falling $0.44, or 0.82 percent. L&L Energy ended the session at $5.75, jumping $0.75, or 15.00 percent. Massey Energy closed at $63.00, down $0.25, or 0.40 percent. International Coal Group closed at $11.04, rising $0.43, or 4.05 percent.
Friday, March 18, 2011
Shares of Patriot Coal (PCX), (ANR) (EEE) Jump on Japan Demand
Evergreen Energy (NYSE:EEE), Alpha Natural Resources (NYSE:ANR) and Patriot Coal (NYSE:PCX) joined other coal companies in a rising share price, as expected coal demand in Japan will soar in order to replace the loss of electricity generated from the nuclear reactors.
Other energy sectors such as wind and solar have been pushed up, but that's unsustainable, as there's nothing in that segment of the market that can help Japan in any way.
Another major product expected to rise in demand in Japan is liquefied natural gas, in which Japan is the largest importer in the world at this time.
For now there will be rolling blackouts until power is sufficiently restored in the country.
Patriot Coal closed Thursday at $23.63, gaining $0.31, or 1.33 percent. Alpha Natural Resources ended the trading day at $55.02, up $2.10, or 3.97 percent. Evergreen Energy closed at $2.93, rising $0.14, or 5.21 percent.
Other energy sectors such as wind and solar have been pushed up, but that's unsustainable, as there's nothing in that segment of the market that can help Japan in any way.
Another major product expected to rise in demand in Japan is liquefied natural gas, in which Japan is the largest importer in the world at this time.
For now there will be rolling blackouts until power is sufficiently restored in the country.
Patriot Coal closed Thursday at $23.63, gaining $0.31, or 1.33 percent. Alpha Natural Resources ended the trading day at $55.02, up $2.10, or 3.97 percent. Evergreen Energy closed at $2.93, rising $0.14, or 5.21 percent.
Tuesday, February 1, 2011
Arch Coal (NYSE:ACI), Patriot Coal (NYSE:PCX), Consol Energy Inc. (NYSE:CNX) Soar and Roar on Massey (NYSE:MEE) Deal
The $7.1 billion bid by Alpha Natural Resources Inc. (NYSE:ANR) for Massey Energy (NYSE:MEE) has brought the focus on the ongoing value and importance of the coal mining sector, and other than ANR, shares of companies like Arch Coal (NYSE:ACI), Patriot Coal (NYSE:PCX) and Consol Energy Inc. (NYSE:CNX) have soared as the market digests the news.
Alpha will be exporting a huge amount of metallurgical coal once the deal closes, which enjoys higher prices and margins, and provides product for the steel industry.
Consol Energy closed Monday at $49.70, gaining $1.77, or 3.69 percent. Patriot Coal ended the session at $26.17, up 0.71, or 2.79 percent. Arch Coal closed at $34.25, up $1.03, or 3.10 percent.
Alpha will be exporting a huge amount of metallurgical coal once the deal closes, which enjoys higher prices and margins, and provides product for the steel industry.
Consol Energy closed Monday at $49.70, gaining $1.77, or 3.69 percent. Patriot Coal ended the session at $26.17, up 0.71, or 2.79 percent. Arch Coal closed at $34.25, up $1.03, or 3.10 percent.
Friday, January 14, 2011
Patriot Coal (NYSE:PCX) NVIDIA (Nasdaq:NVDA), Kulicke and Soffa Industries (Nasdaq:KLIC), Interactive Intelligence (Nasdaq:ININ), Zale (NYSE:ZLC) Soa
Over the last week and a half or so, the share price of Patriot Coal (NYSE:PCX) NVIDIA (Nasdaq:NVDA), Kulicke and Soffa Industries (Nasdaq:KLIC), Interactive Intelligence (Nasdaq:ININ) and Zale (NYSE:ZLC) are all up over 30 percent, and have been moving up throughout January.
All the companies are trading at their highest level from a year up to over a decade in the case of Interactive Intelligence.
The company moving the most of the five, as measured by percentage, is NVIDIA, which is up over 50 percent in January already.
Over the last one or two days, all the companies have reached 52-week highs.
Patriot Coal, while getting hit hard today, is up almost 40 percent in January. They were trading at $24.81, down $1.67, or 6.31 percent, as of 11:55 AM EST.
Zale is up over 30 percent for January so far, and is also down today as investors take profits, falling to $5.37, down $0.36, or 6.28 percent.
NVIDIA is still going up today, trading at $23.86, gaining $0.46, or 2.01 percent.
Kulicke and Soffa Industries was trading at $9.79, gaining $0.38, or 4.04, continuing their upward run.
Interactive Intelligence was trading at $35.34, losing $0.61, or (1.70 percent.
All the companies are trading at their highest level from a year up to over a decade in the case of Interactive Intelligence.
The company moving the most of the five, as measured by percentage, is NVIDIA, which is up over 50 percent in January already.
Over the last one or two days, all the companies have reached 52-week highs.
Patriot Coal, while getting hit hard today, is up almost 40 percent in January. They were trading at $24.81, down $1.67, or 6.31 percent, as of 11:55 AM EST.
Zale is up over 30 percent for January so far, and is also down today as investors take profits, falling to $5.37, down $0.36, or 6.28 percent.
NVIDIA is still going up today, trading at $23.86, gaining $0.46, or 2.01 percent.
Kulicke and Soffa Industries was trading at $9.79, gaining $0.38, or 4.04, continuing their upward run.
Interactive Intelligence was trading at $35.34, losing $0.61, or (1.70 percent.
Wednesday, December 8, 2010
Citigroup (NYSE:C) Slashes Alpha (NYSE:ANR), Arch Coal (NYSE:ACI), Patriot (NYSE:PCX) on Reserves Valuation
Citing the recent run-up in the valuation of coal reserves, Citigroup (NYSE:C) downgraded Alpha Natural Resources (NYSE:ANR), Patriot Coal (NYSE:PCX) and Arch Coal (NYSE:ACI).
Arch Coal they downgraded from "Buy" to "Hold"; Patriot Coal from "Hold" to "Sell"; Alpha Natural Resources from "Buy" to "Hold."
One company in the sector they're still bullish on is Peabody Energy (NYSE:BTU), which Citi sees as the "only coal company offering significant production growth."
Citigroup raised their price target on Peabody from $57 to $74, while maintaining a "Buy" rating on them.
Arch was trading at $31.52, down $0.83, or 2.57 percent, as of 12:12 PM EST. Citi raised their price target on them from $30 to $33.
Alpha Natural Resources was trading at $52.63, down $1.85, or 3.40 percent. Citi raised their price target on them from $55 to $58.
Patriot Coal was trading at $16.51, down $0.82, or 4.73 percent.
Peabody Energy was at $61.35, down $0.12, or 0.20 percent.
Arch Coal they downgraded from "Buy" to "Hold"; Patriot Coal from "Hold" to "Sell"; Alpha Natural Resources from "Buy" to "Hold."
One company in the sector they're still bullish on is Peabody Energy (NYSE:BTU), which Citi sees as the "only coal company offering significant production growth."
Citigroup raised their price target on Peabody from $57 to $74, while maintaining a "Buy" rating on them.
Arch was trading at $31.52, down $0.83, or 2.57 percent, as of 12:12 PM EST. Citi raised their price target on them from $30 to $33.
Alpha Natural Resources was trading at $52.63, down $1.85, or 3.40 percent. Citi raised their price target on them from $55 to $58.
Patriot Coal was trading at $16.51, down $0.82, or 4.73 percent.
Peabody Energy was at $61.35, down $0.12, or 0.20 percent.
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