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Stock Market & Financial Investment News

News Breaks
December 14, 2012
17:08 EDTCNXCONSOL Energy to lay off 147 workers
CONSOL Energy has issued notice under the Worker Adjustment and Retraining Notification Act of its intent to complete the idle of its Fola operations near Bickmore, W. Va., resulting in a layoff of 131 surface and office employees and 16 employees at the company's Little Eagle Deep Mine. The layoffs will occur during a 14-day period beginning at 12:01 a.m., on February 14, 2013. Employees were officially briefed on the situation on December 14. CONSOL Energy attributed this WARN notice to the expected February completion of coal processing and shipping from its preparation plant and recovery of equipment and infrastructure from the Little Eagle Deep Mine. CONSOL Energy anticipates that accelerated reclamation work will continue through mid-summer. Earlier this year, the company announced it would lay-off 318 employees and reassigned the remaining 147 employees from mining to reclamation work. The only coal produced through that transition occurred on the surface and was incidental to reclamation. A combination of market conditions and increasing pressure from the Environmental Protection Agency, which resulted in both increased costs of surface mining and significant uncertainty for the company's power generation customers related to the continued use of Central Appalachian coal were cited as reasons for the idling.
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October 29, 2014
09:00 EDTCNXCONSOL should be bought at current levels, says Sterne Agee
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07:24 EDTCNXCONSOL among most attractive investments in coal space, says Brean Capital
Brean Capital said CONSOL remains one of the most attractive investments in the coal and gas space following a slight Q3 miss. The firm said the company's annual growth rate remains unchanged and Brean expects the company's initiatives to take hold quickly. Brean Capital reiterates its Buy rating and $45 price target on CONSOL shares.
October 28, 2014
10:45 EDTCNXCONSOL rises after acknowledging long-term thermal coal MLP opportunity
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10:34 EDTCNXCONSOL jumps 6% as earning conference call continues
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06:52 EDTCNXCONSOL continues to expect FY15, FY16 annual gas production to grow by 30%
06:51 EDTCNXCONSOL sees Q4 gas production about 70-75 Bcfe
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06:49 EDTCNXCONSOL raises FY14 E&P production guidance to 235-240 Bcfe from 225-235 Bcfe
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06:48 EDTCNXCONSOL reports Q3 adjusted EPS 9c, consensus 19c
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October 27, 2014
15:36 EDTCNXNotable companies reporting before tomorrow's open
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October 24, 2014
09:11 EDTCNXCONSOL price target lowered to $45 from $52 at Brean Capital
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October 20, 2014
06:19 EDTCNXCONSOL upgraded to Buy from Neutral at Citigroup
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