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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:44 EDTACI, CLD, WLT, BTU, ARLP, CNX, ANRArch Coal climbs after optimistic comments about 2014 outlook
Shares of Arch Coal (ACI) are climbing after the company reported weaker than expected fourth quarter results, but made positive comments about the thermal coal market. WHAT'S NEW: Arch Coal reported a larger than expected fourth quarter loss, and its fourth quarter revenue came in below expectations. However, the company stated that it expects U.S. thermal coal markets to tighten further this year. A number of factors - including favorable weather trends, healthier economic activity and elevated natural gas prices - should ensure that the prices of most U.S. thermal coal is competitive, Arch stated. On the other hand, demand for metallurgical coal from overseas markets remains weak, Arch added. But the company indicated that production of higher cost metallurgical coal would ease, causing the metallurgical markets to tighten in the future. PRICE ACTION: In early trading, Arch Coal rose 5% to $4.21. Other coal miners also climbed, with Alpha Natural (ANR) advancing 3%, CONSOL Energy (CNX) gaining nearly 2%, Peabody Energy (BTU) rising 1.7%, Cloud Peak (CLD) up 2.4%, and Walter Energy (WLT) jumping almost 4%. Another publicly traded company in the space is Alliance Resource Partners (ARLP).
News For ACI;CLD;WLT;BTU;ARLP;CNX;ANR From The Last 14 Days
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October 20, 2014
08:10 EDTBTUPeabody sees FY14 adjusted EPS ($1.48)-($1.38), consensus ($1.46)
Targets reflect lower seaborne thermal coal pricing and reduced production at the Wilpinjong Mine as strong year-to-date performance is expected to result in the mine reaching annual permit levels before year end. Expects total sales of 245 to 255 million tons, including U.S. sales of 185 to 190 million tons and Australian sales of 36 to 38 million tons; U.S. costs per ton 1 to 3 percent below 2013 levels on cost containment efforts. U.S. revenues per ton improved to 2 to 4 percent below 2013 levels on higher realized price per ton; and Australian costs that have been lowered to approximately $70 per ton, as a result of successful cost reduction initiatives and operating performance.
08:08 EDTBTUPeabody cuts FY14 CapEx to $200M-$220M
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08:08 EDTBTUPeabody seeing favorable industry indicators over Chinese coal imports
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08:07 EDTBTUPeabody reports Q3 adjusted EPS (59c), consensus (66c)
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06:19 EDTCNXCONSOL upgraded to Buy from Neutral at Citigroup
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October 17, 2014
08:04 EDTBTUPeabody volatility elevated into Q3 and outlook
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October 16, 2014
10:01 EDTCLDOn The Fly: Analyst Upgrade Summary
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05:27 EDTCLDCloud Peak upgraded to Buy from Hold at Brean Capital
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October 15, 2014
10:02 EDTBTUOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Atwood Oceanics (ATW) initiated with a Buy at ISI Group... Baker Hughes (BHI) initiated with a Buy at Citigroup... Basic Energy (BAS) initiated with a Buy at ISI Group... C&J Energy (CJES) initiated with a Buy at ISI Group... CARBO Ceramics (CRR) initiated with a Hold at ISI Group... CHC Group (HELI) initiated with a Buy at ISI Group... Cameron (CAM) initiated with a Buy at ISI Group... Chart Industries (GTLS) initiated with a Buy at ISI Group... Core Laboratories (CLB) initiated with a Buy at ISI Group... Diamond Offshore (DO) initiated with a Sell at ISI Group... Dresser-Rand (DRC) initiated with a Sell at ISI Group... Dril-Quip (DRQ) initiated with a Buy at ISI Group... Ensco (ESV) initiated with a Buy at ISI Group... FIS (FIS) initiated with a Market Perform at BMO Capital... FMC Technologies (FTI) initiated with a Buy at ISI Group... GoPro (GPRO) initiated with a Sector Perform at Pacific Crest... Halliburton (HAL) initiated with a Buy at ISI Group... Helmerich & Payne (HP) initiated with a Neutral at Citigroup... Hercules Offshore (HERO) initiated with a Sell at ISI Group... Key Energy (KEG) initiated with a Buy at ISI Group... Maxwell (MXWL) reinstated with a Buy at Canaccord... Nabors Industries (NBR) initiated with a Buy at ISI Group... Noble Corp. (NE) initiated with a Buy at ISI Group... Oceaneering (OII) initiated with a Buy at ISI Group... Paragon Offshore (PGN) initiated with a Buy at ISI Group... Parker Drilling (PKD) initiated with a Buy at ISI Group... Patterson-UTI (PTEN) initiated with a Buy at Citigroup... Peabody (BTU) initiated with an Underperform at Imperial Capital... RPC, Inc. (RES) initiated with a Buy at Citigroup... Receptos (RCPT) initiated with a Buy at Goldman... Rowan Companies (RDC) initiated with a Buy at ISI Group... Schlumberger (SLB) initiated with a Buy at ISI Group... Sensata (ST) resumed with a Buy at Citigroup... Tidewater (TDW) initiated with a Hold at ISI Group... Transocean (RIG) initiated with a Sell at ISI Group... Weatherford (WFT) initiated with a Buy at ISI Group.
09:18 EDTBTUPeabody initiated with an Underperform at Imperial Capital
Imperial Capital expects shares of Peabody to remain under pressure due to rising leverage and instability in global coal markets. The firm started shares with an Underperform rating and $5 price target.
October 14, 2014
06:57 EDTARLPAlliance Resource Partners upgraded to Overweight from Neutral at JPMorgan
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October 13, 2014
09:31 EDTACIArch Coal sees Q3 adjusted EBITDA $70M-$74M
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October 10, 2014
09:38 EDTACIActive equity options trading on open
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