News Breaks |
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| March 11, 2013 |
| 10:39 EDT |  | BTU, WLT, CLD, CNX, ARLP, ANR, ACI, JRCC | Coal miners retreat after BMO analyst cuts ratings
A number of coal stocks are declining after BMO Capital stock analyst Meredith Bandy downgraded two companies in the sector. Bandy downgraded coal miners Peabody Energy (BTU) and Walter Energy (WLT) to Market Perform from Outperform, as she believes that both companies' profit margins are likely to drop in the future. Moreover, both companies have relatively high debt levels and high stock valuations, she added. In mid-morning trading, Peabody Energy declined 2% to $21.50, while Walter Energy slumped 3% to $30.60. Other coal mining companies also fell, with Alpha Natural Resources (ANR) slumping 3.5% to $8.25, Arch Coal (ACI) giving back 1.7% to $5.25, and Alliance Resource Partners (ARLP) losing 1% to $61.75. |
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News For BTU;WLT;CLD;CNX;ARLP;ANR;ACI;JRCC From The Last 14 Days Check below for free stories on BTU;WLT;CLD;CNX;ARLP;ANR;ACI;JRCC the last two weeks. |
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| May 17, 2013 |
| 18:47 EDT |  | WLT | Walter Energy executives buy shares near lows, Barron's says
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| 11:35 EDT |  | JRCC | High option volume stocks: DVY MEMP JRCC FEZ SCTY
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| May 16, 2013 |
| 16:22 EDT | | CNX | CONSOL Energy receives approval to resume full production at Blacksville No. 2
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| May 15, 2013 |
| 17:18 EDT | | ACI, CNX | BP Capital gives quarterly update on stakes
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| 16:14 EDT | | ACI | Arch Coal and Midstream to form joint venture
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| May 14, 2013 |
| 16:31 EDT | | BTU | Peabody Energy targeting FY13 capital spending $450M-$550M
Company says this is approximately 50% below FY12 levels, as it is deferring early-stage growth projects. Company said Q1 capital spend approximately 70% below prior-year levels. Guidance given in slides ahead of presentation to be made at Bank of America-Merrill Lynch 2013 Global Metals and Mining Conference. |
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| May 13, 2013 |
| 07:37 EDT |  | ACI, BTU | BofA/Merrill to host a conference
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| 07:22 EDT | | CNX | FBR Capital to host a conference
2013 Energy & Industrials One-on-One Series Conference is being held in Boston on May 13. |
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| May 9, 2013 |
| 11:35 EDT | | ANR, ACI, CNX, BTU | Kansas City Southern says coal volumes are up 5% in Q2
On its presentation at the Wells Fargo conference the CFO said that coal volumes are up approximately 5% in Q2. |
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| 10:31 EDT |  | CNX | CONSOL Energy mentioned positively at UBS
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| May 8, 2013 |
| 12:00 EDT |  | WLT | Walter Energy rises 14.9%
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| 11:41 EDT | | WLT | Walter Energy volatility elevated on recent wide price movement
Walter Energy May call option implied volatility is at 77, June is at 74, September is at 68, January is at 65; above its 26-week average of 59 according to Track Data, suggesting larger price movement. |
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| 10:17 EDT | | BTU | Peabody Energy volatility at low end of six-year range
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| 05:52 EDT | | ANR | Stocks with implied volatility movement; ARNA ANR
Stocks with implied volatility movement; Arena Pharmaceuticals (ARNA), Alpha Natural (ANR) according to IVolatility. |
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| May 7, 2013 |
| 16:03 EDT |  | ANR | Alpha Natural files to sell $300M in convertible notes due 2017
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| 10:00 EDT |  | ANR | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Aeropostale (ARO) downgraded to Sell from Hold at Brean Capital... AIG (AIG) downgraded to Neutral from Buy at Goldman... Alpha Natural (ANR) downgraded to Sell from Neutral at Goldman... American Eagle (AEO) downgraded to Market Perform from Outperform at Wells Fargo... Coach (COH) downgraded to Market Perform from Outperform at Wells Fargo... Iconix Brand (ICON) downgraded to Hold from Buy at Brean Capital... International Rectifier (IRF) downgraded to Market Perform at JMP Securities... Mettler-Toledo (MTD) downgraded to Hold from Buy at Jefferies... TJX (TJX) downgraded to Market Perform from Outperform at Wells Fargo... Tiffany (TIF) downgraded to Market Perform from Outperform at Wells Fargo... North American Palladium (PAL) downgraded to Market Perform at Raymond James... Ducommun (DCO) downgraded to Neutral from Buy at B. Riley... International Rectifier (IRF) downgraded at JMP Securities... Hologic (HOLX) downgraded to Buy from Strong Buy at ISI Group... Ruckus Wireless (RKUS) downgraded to Neutral from Buy at Lazard Capital. |
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| 10:00 EDT |  | ACI | On The Fly: Analyst Upgrade Summary
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| 09:17 EDT | | ANR | On The Fly: Pre-market Movers
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| 06:50 EDT | | ACI | Arch Coal upgraded to Neutral from Sell at Goldman
Goldman transferred coverage on Arch Coal with a Neutral rating from a Sell rating. The firm cites valuation for its Neutral rating. Price target lowered to $5 from $5.50. |
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| 06:50 EDT | | ANR | Alpha Natural downgraded to Sell from Neutral at Goldman
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