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Stock Market & Financial Investment News

News Breaks
December 11, 2012
08:40 EDTCNXCONSOL Energy upgraded to Buy from Neutral at Davenport
Davenport upgraded CONSOL Energy based on expectations for a recovery in met coal prices in 2013 and increased investor focus on its E&P assets. Price target raised to $40 from $33.
News For CNX From The Last 14 Days
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June 30, 2015
06:09 EDTCNXCONSOL implied volatility of 49 at upper end of index
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June 29, 2015
13:47 EDTCNXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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10:51 EDTCNXSupreme Court overrules EPA regulations on power plant pollution, The Hill says
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10:41 EDTCNXSupreme court rules EPA unlawful with power plant pollution rules, Reuters says
Publicly traded companies in the coal space include Alliance Resource Partners (ARLP), Alpha Natural (ANR), Arch Coal (ACI), CONSOL (CNX), Cloud Peak (CLD), Peabody (BTU) and Walter Energy (WLT).
June 26, 2015
11:08 EDTCNXPeabody plunges after Moody's lowers credit rating
Shares of coal miner Peabody (BTU) are lower in late morning trading after Moody's Investors Service downgraded the company's credit rating last night. WHAT'S NEW: Moody's Investors Service downgraded the ratings of Peabody, including the corporate family rating, to B3 from B2, probability of default rating to B3-PD from B2-PD. The firm noted that the outlook is negative. Moody's said that the downgrade "reflects our expectation of continued deterioration in the company's credit metrics, more precipitous than we had forecasted previously, due to the ongoing decline in the seaborne metallurgical coal markets." The firm expects that the company's Debt/EBITDA, as adjusted, will approach 9x in 2015. Moody's said that although it anticipates some recovery in 2016, it sees the leverage remaining elevated at around 7x. Absent asset sales, the company will generate negative free cash flows in 2015 and 2016, Moody's said in the report. WHAT'S NOTABLE: Moody's said that a further downgrade would be considered if liquidity deteriorated, free cash flows were repeatedly negative and/or Debt/EBITDA exceeded 8x on a sustained basis. PRICE ACTION: Shares of Peabody are down over 9.5% to $2.08 in late morning trading, rebounding from an earlier low of $1.92. OTHERS TO WATCH: Other companies in the coal mining space include Alpha Natural Resources (ANR), Arch Coal (ACI) and CONSOL Energy (CNX).
June 24, 2015
10:43 EDTCNXStocks with call strike movement; BBRY CNX
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June 23, 2015
10:03 EDTCNXHigh option volume stocks
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