Peabody Energy Corp. (BTU), CONSOL Energy Inc. (CNX), Cameron (CAM), Dril-Quip (DRQ), Linn Energy, LLC (LINE) and Dollar General (DG) had ratings and price targets on them adjusted by analysts.
Davenport downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Cameron (CAM) from a "Outperform" rating to a "Top Pick" rating.
Tudor Pickering upgraded Dril-Quip (DRQ) to an "Accumulate" rating.
Bank of America initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating on the company.
Nomura upgraded Dollar General (DG) from a "Neutral" rating to a "Buy" rating.
Showing posts with label Peabody Energy. Show all posts
Showing posts with label Peabody Energy. Show all posts
Friday, March 23, 2012
Tuesday, January 10, 2012
Peabody (BTU) (ECT) (CDE) (NVE) (RAM) (PNY) Ratings, Price Targets
Peabody Energy Corp. (NYSE: BTU), ECA Marcellus Trust (NYSE: ECT), Coeur d Alene Mines Corp. (NYSE: CDE), NV Energy (NYSE: NVE), RAM Energy Resources (NYSE: RAM) and Piedmont Natural Gas (NYSE: PNY) ratings and price targets.
ECA Marcellus Trust (ECT) was downgraded by Oppenheimer from a “Perform” rating to an “Underperform” rating. They have a price target of $20.00 on the company.
Coeur d Alene Mines Corp. (CDE) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
NV Energy (NVE) had its price target raised by Ticonderoga from $16.75 to $20.00. They have a “Buy” rating on the company.
Peabody Energy Corp. (BTU) is now covered by JPMorgan Chase & Co. (NYSE:JPM). They placed an “Overweight” rating on the company.
RAM Energy Resources (RAM) is now covered by BMO Capital Markets. They placed an “Outperform” rating on the company.
Piedmont Natural Gas (PNY) had its price target raised by Barclays Capital (NYSE:BCS) from $29.00 to $31.00. They have an “Underweight” rating on the company.
ECA Marcellus Trust (ECT) was downgraded by Oppenheimer from a “Perform” rating to an “Underperform” rating. They have a price target of $20.00 on the company.
Coeur d Alene Mines Corp. (CDE) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
NV Energy (NVE) had its price target raised by Ticonderoga from $16.75 to $20.00. They have a “Buy” rating on the company.
Peabody Energy Corp. (BTU) is now covered by JPMorgan Chase & Co. (NYSE:JPM). They placed an “Overweight” rating on the company.
RAM Energy Resources (RAM) is now covered by BMO Capital Markets. They placed an “Outperform” rating on the company.
Piedmont Natural Gas (PNY) had its price target raised by Barclays Capital (NYSE:BCS) from $29.00 to $31.00. They have an “Underweight” rating on the company.
Monday, January 9, 2012
Peabody (BTU) (MMI) (INHX) (CELL) (CFN) (EE) Ratings, Price Targets
Peabody Energy Corp. (NYSE: BTU), Motorola Mobility (NYSE: MMI), Inhibitex (NASDAQ: INHX), Brightpoint Inc. (NASDAQ: CELL), CareFusion Co. (NYSE: CFN) and El Paso Electric (NYSE: EE) ratings and price targets.
Motorola Mobility (MMI) had its “hold” rating reiterated by Canaccord Genuity.
Peabody Energy Corp. (BTU) is now covered by JPMorgan Chase & Co. (NYSE:JPM). They have an “overweight” rating on the firm.
Inhibitex (INHX) had its price target raised by Brean Murray to $26.00.
Brightpoint Inc. (CELL) was downgraded by Avian from a “positive” rating to a “neutral” rating.
CareFusion Co. (CFN) was downgraded by William Blair from an “outperform” rating to a “market perform” rating.
El Paso Electric (EE) was upgraded by Jefferies Group (NYSE:JEF) from an “underperform” rating to a “hold” rating. They have a $34.50 price target on the firm, up from $28.00.
Motorola Mobility (MMI) had its “hold” rating reiterated by Canaccord Genuity.
Peabody Energy Corp. (BTU) is now covered by JPMorgan Chase & Co. (NYSE:JPM). They have an “overweight” rating on the firm.
Inhibitex (INHX) had its price target raised by Brean Murray to $26.00.
Brightpoint Inc. (CELL) was downgraded by Avian from a “positive” rating to a “neutral” rating.
CareFusion Co. (CFN) was downgraded by William Blair from an “outperform” rating to a “market perform” rating.
El Paso Electric (EE) was upgraded by Jefferies Group (NYSE:JEF) from an “underperform” rating to a “hold” rating. They have a $34.50 price target on the firm, up from $28.00.
Thursday, December 8, 2011
Peabody (BTU) (SFSF) (VE) (ALL) (BMO) (BRO) Downgraded
Peabody Energy Corp. (NYSE: BTU), SuccessFactors, Inc. (NASDAQ: SFSF), Veolia Environnement (NYSE: VE), Allstate (NYSE: ALL), Bank of Montreal (NYSE: BMO) and Brown & Brown Inc. (NYSE: BRO) were downgraded by analysts.
SuccessFactors, Inc. (SFSF) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Veolia Environnement (VE) was downgraded by Deutsche Bank (NYSE:DB)from a “Buy” rating to a “Hold” rating.
Allstate (ALL) was downgraded by RBC Capital to a “Sector Perform” rating.
Bank of Montreal (BMO) was downgraded by Desjardins to a “Hold” rating.
Brown & Brown Inc. (BRO) was downgraded by RBC Capital to an “Underperform” rating.
Peabody Energy Corp. (BTU) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
SuccessFactors, Inc. (SFSF) was downgraded by RBC Capital from an “Outperform” rating to a “Sector Perform” rating.
Veolia Environnement (VE) was downgraded by Deutsche Bank (NYSE:DB)from a “Buy” rating to a “Hold” rating.
Allstate (ALL) was downgraded by RBC Capital to a “Sector Perform” rating.
Bank of Montreal (BMO) was downgraded by Desjardins to a “Hold” rating.
Brown & Brown Inc. (BRO) was downgraded by RBC Capital to an “Underperform” rating.
Peabody Energy Corp. (BTU) was downgraded by Goldman Sachs (NYSE:GS) from a “Buy” rating to a “Neutral” rating.
Friday, October 28, 2011
Peabody (BTU) (BKI) (BRCD) (DPS) (BYI) (CA) Price Targets Changed
Peabody Energy Corp. (NYSE: BTU), Buckeye Technologies Inc. (NYSE: BKI), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Dr Pepper Snapple Group Inc. (NYSE: DPS), Bally Technologies Inc. (NYSE: BYI) and CA Tech (NYSE: CA) had price targets on them adjusted by analysts.
Peabody Energy Corp. (BTU) had its price target lowered by Stifel Nicolaus from $65.00 to $50.00. They have a “Buy” rating on the company.
Buckeye Technologies Inc. (BKI) had its price target raised by UBS AG (NYSE:UBS) from $30.00 to $32.00. They have a “Buy” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target raised by UBS AG from $3.75 to $4.35. They have a “Neutral” rating on the company.
Dr Pepper Snapple Group Inc. (DPS) had its price target lowered by Barclays Capital from $43.00 to $40.00. They have an “Equal Weight” rating on the company.
Bally Technologies Inc. (BYI) had its price target lowered by Jefferies (NYSE:JEF) to $49.00.
CA Tech (CA) had its price target lowered by Credit Suisse (NYSE:CS) to $22.00. They have a “Neutral” rating on the company.
Peabody Energy Corp. (BTU) had its price target lowered by Stifel Nicolaus from $65.00 to $50.00. They have a “Buy” rating on the company.
Buckeye Technologies Inc. (BKI) had its price target raised by UBS AG (NYSE:UBS) from $30.00 to $32.00. They have a “Buy” rating on the company.
Brocade Communications Systems, Inc. (BRCD) had its price target raised by UBS AG from $3.75 to $4.35. They have a “Neutral” rating on the company.
Dr Pepper Snapple Group Inc. (DPS) had its price target lowered by Barclays Capital from $43.00 to $40.00. They have an “Equal Weight” rating on the company.
Bally Technologies Inc. (BYI) had its price target lowered by Jefferies (NYSE:JEF) to $49.00.
CA Tech (CA) had its price target lowered by Credit Suisse (NYSE:CS) to $22.00. They have a “Neutral” rating on the company.
Friday, September 30, 2011
Peabody (BTU) (CNX) (CLD) Top Coal Picks of Credit Suisse (CS)
Credit Suisse (NYSE:CS) says among coal firms they like those with more thermal exposure, such as Peabody Energy (BTU), Consol Energy (CNX) and Cloud Peak Energy (CLD).
The giant bank cited an improving thermal market in the U.S. as the catalyst behind their assertion.
Coal companies like Alpha Natural Resources (ANR) and Arch Coal (ACI) are less desirable in the eyes of Credit Suisse, as they have more exposure to metallurgical coal.
Credit Suisse noted that the drawdown in inventory of 18 million tons in the U.S. was the highest since 1995.
They see the thermal coal market in the U.S. to continue to be strong.
Peabody was trading at $34.44, down $1.54, or 4.28 percent, as of 11:01 AM EDT. Consol Energy was at $34.52. down $0.50, or 1.43 percent. Cloud Peak Energy was at $17.37, falling $0.38, or 2.14 percent.
The giant bank cited an improving thermal market in the U.S. as the catalyst behind their assertion.
Coal companies like Alpha Natural Resources (ANR) and Arch Coal (ACI) are less desirable in the eyes of Credit Suisse, as they have more exposure to metallurgical coal.
Credit Suisse noted that the drawdown in inventory of 18 million tons in the U.S. was the highest since 1995.
They see the thermal coal market in the U.S. to continue to be strong.
Peabody was trading at $34.44, down $1.54, or 4.28 percent, as of 11:01 AM EDT. Consol Energy was at $34.52. down $0.50, or 1.43 percent. Cloud Peak Energy was at $17.37, falling $0.38, or 2.14 percent.
Thursday, July 21, 2011
Ratings on (STLD) (IPI) (MOS) (BTU) (SYK) Reiterated by Analysts
Steel Dynamics, Inc. (NASDAQ: STLD), Intrepid Potash, Inc. (NYSE: IPI), The Mosaic Company (NYSE: MOS), Peabody Energy Corp. (NYSE: BTU) and Stryker (NYSE: SYK) had ratings reiterated.
Dahlman Rose reiterated a "Buy" rating Steel Dynamics, Inc. (STLD). They have a price target of $26.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated a "Neutral" rating on Stryker (SYK).
Bank of America (NYSE:JPM) reiterated a "Neutral" rating on Intrepid Potash, Inc. (IPI).
Citigroup (NYSE:C) reiterated a "Buy" rating on The Mosaic Company (MOS).
Dahlman Rose reiterated a "Buy" rating on Peabody Energy Corp. (BTU).
Dahlman Rose reiterated a "Buy" rating Steel Dynamics, Inc. (STLD). They have a price target of $26.00 on the company.
JPMorgan Chase & Co. (NYSE:JPM) reiterated a "Neutral" rating on Stryker (SYK).
Bank of America (NYSE:JPM) reiterated a "Neutral" rating on Intrepid Potash, Inc. (IPI).
Citigroup (NYSE:C) reiterated a "Buy" rating on The Mosaic Company (MOS).
Dahlman Rose reiterated a "Buy" rating on Peabody Energy Corp. (BTU).
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.
Tuesday, May 10, 2011
Ex-Dividend for (ACV) (APOG) (BTU) (COG) (CSV) is May 13
The ex-dividend date for Alberto Culver Company (ACV), Apogee Enterprises (APOG), Peabody Energy Corporation (BTU), Cabot Oil & Gas Corporation (COG) and Carriage Services Inc. (CSV) is May 13.
Alberto Culver Company (ACV) has a dividend of $0.09 and a yield of 0.91 percent.
Apogee Enterprises (APOG) has a dividend of $0.08 and a yield of $0.53 percent.
Peabody Energy Corporation (BTU) has a dividend of $0.09 and a yield of 0.53 percent.
Cabot Oil & Gas Corporation (COG) has a dividend of $0.03 and a yield of 0.23 percent.
Carriage Services Inc. (CSV) has a dividend of $0.03 and a yield of 1.54 percent.
Alberto Culver Company (ACV) has a dividend of $0.09 and a yield of 0.91 percent.
Apogee Enterprises (APOG) has a dividend of $0.08 and a yield of $0.53 percent.
Peabody Energy Corporation (BTU) has a dividend of $0.09 and a yield of 0.53 percent.
Cabot Oil & Gas Corporation (COG) has a dividend of $0.03 and a yield of 0.23 percent.
Carriage Services Inc. (CSV) has a dividend of $0.03 and a yield of 1.54 percent.
Friday, May 6, 2011
Peabody (BTU) (NRP) (YZC) (ICO) (ANR) Trade Down
Even with thermal coal demand rising, along with coal imports from China, Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC), Peabody Energy Corporation (NYSE:BTU), International Coal Group, Inc. (NYSE:ICO) and Alpha Natural Resources (NYSE:ANR) still closed down Thursday with the rest of the coal industry, as the sector took a break.
Coal prices in China have been soaring as domestic producers face higher costs. That has led to Chinese utilities looking outside the country for cheaper prices.
According to China Coal Transport and Distribution Association imports in May will increase as a result of the domestic market conditions in the country.
Inventories at ports continue to be low, which should cause domestic coal prices to continue to push up, increasing the coal imports, which will benefit any coal producer with exposure in China.
Peabody Energy Corporation closed Thursday at $61.75, falling $2.27, or 3.55 percent.
Coal prices in China have been soaring as domestic producers face higher costs. That has led to Chinese utilities looking outside the country for cheaper prices.
According to China Coal Transport and Distribution Association imports in May will increase as a result of the domestic market conditions in the country.
Inventories at ports continue to be low, which should cause domestic coal prices to continue to push up, increasing the coal imports, which will benefit any coal producer with exposure in China.
Peabody Energy Corporation closed Thursday at $61.75, falling $2.27, or 3.55 percent.
Wednesday, May 4, 2011
Cloud Peak Energy Inc. (NYSE:CLD), Joy Global (Nasdaq:JOYG), Massey Energy (NYSE:MEE) and Peabody Energy Corporation (NYSE:BTU) Futures Look Good as C
Coal demand should provide good returns for coal companies like Cloud Peak Energy Inc. (NYSE:CLD), Joy Global (Nasdaq:JOYG), Massey Energy (NYSE:MEE) and Peabody Energy Corporation (NYSE:BTU).
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
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.
Dividend Yields for (EOG) (BTU) (HES) (APC) (APA)
Indicated dividend yields for Standard & Poor's 500 Index companies EOG Resources Inc (EOG), Peabody Energy Corp (BTU), Hess Corp (HES), Anadarko Petroleum Corp (APC) and Apache Corp (APA).
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
EOG Resources Inc (EOG) has a dividend yield of 0.57 percent on a declared dividend of $0.16. The payout ratio is 72.6 percent.
Peabody Energy Corp (BTU) has a dividend yield of 0.51 percent on a declared dividend of $0.09. The payout ratio is 13.1 percent.
Hess Corp (HES) has a dividend yield of 0.47 percent on a declared dividend of $0.10. The payout ratio is 3.7 percent.
Anadarko Petroleum Corp (APC) has a dividend yield of 0.46 percent on a declared dividend of $0.09. The payout ratio is 40.2 percent.
Apache Corp (APA) has a dividend yield of 0.45 percent on a declared dividend of $0.15. The payout ratio is 5.2 percent.
These dividend data indicate dividend yields of companies in the Standard & Poor's 500 Index as of Saturday, April 30. The yield is determined by taking the latest declared dividend, annualized and divided by the price of the stock. Payout ratios are calculated based on latest quarterly dividend paid divided by earnings.
EOG Resources Inc (EOG) has a dividend yield of 0.57 percent on a declared dividend of $0.16. The payout ratio is 72.6 percent.
Peabody Energy Corp (BTU) has a dividend yield of 0.51 percent on a declared dividend of $0.09. The payout ratio is 13.1 percent.
Hess Corp (HES) has a dividend yield of 0.47 percent on a declared dividend of $0.10. The payout ratio is 3.7 percent.
Anadarko Petroleum Corp (APC) has a dividend yield of 0.46 percent on a declared dividend of $0.09. The payout ratio is 40.2 percent.
Apache Corp (APA) has a dividend yield of 0.45 percent on a declared dividend of $0.15. The payout ratio is 5.2 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
Posco (PKX) (ICO) (BTU) (CLD) Close Mixed 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 International Coal Group, Inc. (NYSE:ICO), Peabody Energy Corporation (NYSE:BTU), Cloud Peak Energy Inc. (NYSE:CLD) and Posco (NYSE:PKX), 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.”
Posco (NYSE:PKX) closed Thursday at $111.13, falling $2.10, or 1.85 percent. Cloud Peak Energy Inc. ended the day at $19.94, up $0.28, or 1.42 percent. Peabody Energy Corporation closed at $66.02, jumping $1.12, or 1.73 percent. International Coal Group, Inc. closed the session at $10.87, rising $0.19, or 1.78 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.”
Posco (NYSE:PKX) closed Thursday at $111.13, falling $2.10, or 1.85 percent. Cloud Peak Energy Inc. ended the day at $19.94, up $0.28, or 1.42 percent. Peabody Energy Corporation closed at $66.02, jumping $1.12, or 1.73 percent. International Coal Group, Inc. closed the session at $10.87, rising $0.19, or 1.78 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.
Tuesday, April 19, 2011
Peabody's (BTU) Guidance Weak, Shares Drop
Shares of Peabody Energy Corp. (NYSE:BTU) are under pressure today even after the company handily beat earnings estimates of Wall Street, as guidance for the next couple of quarters were below expectations.
In the first quarter, income from continuing operations rose to $179.6 million, or 65 cents a share, up from $137.1 million, or 50 cents a share, in the same quarter last year.
Adjusted earnings climbed 29 percent to 67 cents a share, easily beating the Wall Street estimate of 60 cents. In early 2011 Peabody said it was targeting adjusted earnings of 45 cents to 65 cents a share.
Revenue was up 15 percent to $1.74 billion as coal prices rose after the devastating floods earlier in the year in Australia.
That was the major reason for the weaker guidance, as the company said the impact of the Australian floods will offset the higher volumes and coal prices going forward. Also noted was production at its Twentymile Mine in Colorado expected to drop.
Peabody said, "In the last week, the company encountered difficult geology at Twentymile and is working with the U.S. Mine Safety and Health Administration on a new operating plan to manage through the conditions and resume production.
"The range of options could lead to significantly reduced longwall (coalface) production from the mine in the quarter."
Even so, Peabody has a history of giving conservative guidance, and with production estimated to be from 28 million-30 million tons of 2011 sales in Australia, that appears to be the same year ahead.
Peabody was trading at $62.55, falling $1.37, or 2.14 percent, as of 1:07 PM EDT.
In the first quarter, income from continuing operations rose to $179.6 million, or 65 cents a share, up from $137.1 million, or 50 cents a share, in the same quarter last year.
Adjusted earnings climbed 29 percent to 67 cents a share, easily beating the Wall Street estimate of 60 cents. In early 2011 Peabody said it was targeting adjusted earnings of 45 cents to 65 cents a share.
Revenue was up 15 percent to $1.74 billion as coal prices rose after the devastating floods earlier in the year in Australia.
That was the major reason for the weaker guidance, as the company said the impact of the Australian floods will offset the higher volumes and coal prices going forward. Also noted was production at its Twentymile Mine in Colorado expected to drop.
Peabody said, "In the last week, the company encountered difficult geology at Twentymile and is working with the U.S. Mine Safety and Health Administration on a new operating plan to manage through the conditions and resume production.
"The range of options could lead to significantly reduced longwall (coalface) production from the mine in the quarter."
Even so, Peabody has a history of giving conservative guidance, and with production estimated to be from 28 million-30 million tons of 2011 sales in Australia, that appears to be the same year ahead.
Peabody was trading at $62.55, falling $1.37, or 2.14 percent, as of 1:07 PM EDT.
Monday, April 18, 2011
Massey (MEE) (BTU) (ICO) (YZC) Close Mixed 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 Peabody Energy Corporation (NYSE:BTU), Yanzhou coal Mining Co. (NYSE:YZC), International Coal Group, Inc. (NYSE:ICO) and Massey Energy (NYSE:MEE) closed mixed 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.
Massey Energy closed Friday at $64.61, gaining $1.61, or 2.56 percent. International Coal Group closed at $11.00, falling $0.04, or 0.36 percent. Yanzhou coal Mining Co. ended the session at $37.91, up $0.83, or 2.24 percent. Peabody Energy Corporation closed at $65.57, down $0.19, or 0.29 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.
Massey Energy closed Friday at $64.61, gaining $1.61, or 2.56 percent. International Coal Group closed at $11.00, falling $0.04, or 0.36 percent. Yanzhou coal Mining Co. ended the session at $37.91, up $0.83, or 2.24 percent. Peabody Energy Corporation closed at $65.57, down $0.19, or 0.29 percent.
Friday, April 15, 2011
Coal's Arch (ACI) (NRP) (YZC) (BTU) 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 Arch Coal, Inc. (NYSE:ACI), Natural Resource Partners (NYSE:NRP), Yanzhou coal mining Co. (NYSE:YZC) and Peabody Energy Corporation (NYSE:BTU) 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 to say coal is peaking, not taking into account the huge amounts of coal being discovered in China, and other places, while extraction methods 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.
Peabody Energy Corporation closed Thursday at $65.76, falling $0.58, or 0.89 percent. Yanzhou Coal Mining closed at $37.08, gaining $0.49, or 1.34 percent. Natural Resource Partners ended the day at $33.96, dropping $0.22, or 0.64 percent. Arch Coal closed at $33.35, down $0.12, or 0.36 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 to say coal is peaking, not taking into account the huge amounts of coal being discovered in China, and other places, while extraction methods 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.
Peabody Energy Corporation closed Thursday at $65.76, falling $0.58, or 0.89 percent. Yanzhou Coal Mining closed at $37.08, gaining $0.49, or 1.34 percent. Natural Resource Partners ended the day at $33.96, dropping $0.22, or 0.64 percent. Arch Coal closed at $33.35, down $0.12, or 0.36 percent.
Thursday, March 31, 2011
Massey (MEE) Awarded WV Mining Permit from CofE
Massey Energy (NYSE:MEE) was awarded a permit from the United States Army Corps of Engineers to start mining for coal in West Virginia.
Estimates are the Reylas Surface Mine in Logan County should produce about 1 million tons of coal annually over a six-year period.
With demand for coal rising, Massey continues to increase production, which rose in 2010 and is expected to reach about 30 million tons annually, although there is the definite possibility those numbers could rise, along with demand.
Only Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU) and CONSOL Energy (NYSE:CNX) are larger coal companies in the United States than Massey, which closed Wednesday at $68.51, gaining $0.44, or 0.65 percent.
Estimates are the Reylas Surface Mine in Logan County should produce about 1 million tons of coal annually over a six-year period.
With demand for coal rising, Massey continues to increase production, which rose in 2010 and is expected to reach about 30 million tons annually, although there is the definite possibility those numbers could rise, along with demand.
Only Arch Coal (NYSE:ACI), Peabody Energy (NYSE:BTU) and CONSOL Energy (NYSE:CNX) are larger coal companies in the United States than Massey, which closed Wednesday at $68.51, gaining $0.44, or 0.65 percent.
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