Showing posts with label Alpha Natural Resources. Show all posts
Showing posts with label Alpha Natural Resources. Show all posts
Friday, October 12, 2012
Alpha (ANR) (CLR) (ENRC) (OGE) (CMLP) (AAUKY) Ratings
Alpha Natural Resources (ANR), Continental Resources, Inc. (CLR), Eurasian Natural Resources (ENRC), OGE Energy Corp. (OGE), Anglo American plc (AAUKY) and Crestwood Midstream Partners LP (CMLP) had ratings on them adjusted or initiated.
Howard Weil upgraded Continental Resources, Inc. (CLR) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $99.00 on the company.
Barclays Capital initiated coverage on Eurasian Natural Resources (ENRC). They placed an "Equalweight" rating on the company.
Jefferies Group upgraded OGE Energy Corp. (OGE) from a "Hold" rating to a "Buy" rating. $58.50 $63.50
Nomura downgraded Alpha Natural Resources (ANR) from a "Buy" rating to a "Neutral" rating. $8.00
HSBC downgraded Anglo American plc (AAUKY) from an "Overweight" rating to a "Neutral" rating.
Citigroup (C) initiated coverage on Crestwood Midstream Partners LP (CMLP). They placed a "Neutral" rating and price target of $24.00 on the company.
Monday, April 16, 2012
Alpha (ANR) (EGO) (WFT) (CLD) (CNX) (ECA) (SNP) Ratings, Price Targets
Alpha Natural Resources (ANR), Eldorado Gold Co. (EGO), Weatherford (WFT), Cloud Peak Energy (CLD), CONSOL Energy Inc. (CNX), EnCana Co. (ECA) and China Petroleum and Chemical (SNP) had ratings and price targets on them adjusted by analysts.
Nomura upgraded Alpha Natural Resources (ANR) from a "Neutral" rating to a "Buy" rating. $20.00
BMO Capital upgraded Markets Eldorado Gold Co. (EGO) from a "Market Perform" rating to a "Outperform" rating. $18.50 $20.00
Raymond James downgraded Weatherford (WFT) from a "Strong-Buy" rating to a "Underperform" rating.
Credit Suisse downgraded Cloud Peak Energy (CLD) from an "Outperform" rating to a "Neutral" rating.
Credit Suisse downgraded CONSOL Energy Inc. (CNX) from an "Outperform" rating to a "Neutral" rating. $40.00
Credit Suisse downgraded EnCana Co. (ECA) from an "Outperform" rating to a "Neutral" rating.
Credit Suisse downgraded China Petroleum and Chemical (SNP) from an "Outperform" rating to a "Neutral" rating.
Nomura upgraded Alpha Natural Resources (ANR) from a "Neutral" rating to a "Buy" rating. $20.00
BMO Capital upgraded Markets Eldorado Gold Co. (EGO) from a "Market Perform" rating to a "Outperform" rating. $18.50 $20.00
Raymond James downgraded Weatherford (WFT) from a "Strong-Buy" rating to a "Underperform" rating.
Credit Suisse downgraded Cloud Peak Energy (CLD) from an "Outperform" rating to a "Neutral" rating.
Credit Suisse downgraded CONSOL Energy Inc. (CNX) from an "Outperform" rating to a "Neutral" rating. $40.00
Credit Suisse downgraded EnCana Co. (ECA) from an "Outperform" rating to a "Neutral" rating.
Credit Suisse downgraded China Petroleum and Chemical (SNP) from an "Outperform" rating to a "Neutral" rating.
Monday, January 23, 2012
McMoRan (MMR) (ANR) (FST) (FCX) (CLR) (SLB) (MMR) Ratings, Price Targets
McMoRan Exploration (NYSE: MMR), Alpha Natural Resources (NYSE: ANR), Forest Oil Co. (NYSE: FST), Freeport McMoRan Copper and Gold (NYSE: FCX), Continental Resources (NYSE: CLR), Schlumberger (NYSE: SLB) and McMoRan Exploration (NYSE: MMR) ratings and price targets.
Alpha Natural Resources (ANR) had its price target lowered by Howard Weil from $44.00 to $39.00. They have an “Outperform” rating on the company.
Forest Oil (FST) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Freeport McMoRan Copper and Gold (FCX) had its price target raised by Citigroup (NYSE:C) to $43.00.
Continental Resources (CLR) was downgraded by Jefferies Group from a “Buy” rating to a “Hold” rating.
Schlumberger (SLB) had its price target lowered by Credit Suisse (NYSE:CS) to $92.00. They have an “Outperform” rating on the company.
McMoRan Exploration (MMR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.
Alpha Natural Resources (ANR) had its price target lowered by Howard Weil from $44.00 to $39.00. They have an “Outperform” rating on the company.
Forest Oil (FST) was downgraded by Jefferies Group (NYSE:JEF) from a “Buy” rating to a “Hold” rating.
Freeport McMoRan Copper and Gold (FCX) had its price target raised by Citigroup (NYSE:C) to $43.00.
Continental Resources (CLR) was downgraded by Jefferies Group from a “Buy” rating to a “Hold” rating.
Schlumberger (SLB) had its price target lowered by Credit Suisse (NYSE:CS) to $92.00. They have an “Outperform” rating on the company.
McMoRan Exploration (MMR) was downgraded by JPMorgan Chase & Co. (NYSE:JPM) from a “Neutral” rating to an “Underweight” rating.
Wednesday, June 1, 2011
Alpha (ANR), Massey (MEE) Merger Approved by Shareholders
After two courts cleared the way for the merger between Alpha Natural Resources (NYSE:ANR) and Massey Energy (NYSE:MEE) to be consummated, shareholders of both companies also voted their approval for the $7 billion acquisition to go forward.
The new Alpha Natural Resources will become the second largest holder of coal reserves in the United States as a result of the merger with Massey.
On a global level, Alpha will be among the supply leaders for metallurgical coal.
Overall the new entity will operate 150 coal mines and 40 preparation plants.
Massey was trading at $65.81, falling $0.20, or 0.32 percent. Alpha Natural Resources was at $54.55, down $0.24, or 0.44 percent, as of 12:30 PM EDT.
The new Alpha Natural Resources will become the second largest holder of coal reserves in the United States as a result of the merger with Massey.
On a global level, Alpha will be among the supply leaders for metallurgical coal.
Overall the new entity will operate 150 coal mines and 40 preparation plants.
Massey was trading at $65.81, falling $0.20, or 0.32 percent. Alpha Natural Resources was at $54.55, down $0.24, or 0.44 percent, as of 12:30 PM EDT.
Tuesday, October 19, 2010
Goldman's (NYSE:GS) Coal Favorites are Peabody (NYSE:BTU), Consol (NYSE:CNX)
Goldman Sachs (NYSE:GS) lowered its overall rating on the coal sector to "Neutral," saying their favorite in the segment is Peabody Energy (NYSE:BTU), which they retain a "Buy" on, and Consol Energy (NYSE:CNX), which also kept their "Buy" rating from Goldman on them.
In their report, Goldman said, "We see 13 percent upside to our target prices and believe a neutral coverage view is more appropriate."
Alpha Natural Resources (NYSE:ANR) had its rating slashed to "Neutral" by Goldman, while Massey Energy (NYSE:MEE), Arch Coal (NYSE:ACI) and Walter Industries (NYSE:WLT) all had "Neutral" ratings maintained on them.
The latter three were kept "Neutral," according to Goldman, until individual issues related to each company become clearer.
Goldman's preference for Peabody was based on its "organic growth options," and Console because of its "attractive low-cost asset mix and upcoming catalysts," according to the report.
The benchmark metallurgical coal estimate for 2012 was increased to $193 a metric done by Goldman, up from the prior projection of $175.
In their report, Goldman said, "We see 13 percent upside to our target prices and believe a neutral coverage view is more appropriate."
Alpha Natural Resources (NYSE:ANR) had its rating slashed to "Neutral" by Goldman, while Massey Energy (NYSE:MEE), Arch Coal (NYSE:ACI) and Walter Industries (NYSE:WLT) all had "Neutral" ratings maintained on them.
The latter three were kept "Neutral," according to Goldman, until individual issues related to each company become clearer.
Goldman's preference for Peabody was based on its "organic growth options," and Console because of its "attractive low-cost asset mix and upcoming catalysts," according to the report.
The benchmark metallurgical coal estimate for 2012 was increased to $193 a metric done by Goldman, up from the prior projection of $175.
Goldman (NYSE:GS) Says Alpha Natural Resources (NYSE:ANR) Has Limited Upside
Saying Alpha Natural Resources (NYSE:ANR) has discounted $200/MT, Goldman Sachs (NYSE:GS) sees little upside for the going forward.
The banking giant said, "We continue to like ANR's met and NAPP thermal coal assets, but believe a Neutral rating is appropriate, given the stock is already discounting $200/MT, limiting further upside vs. expectations."
Goldman downgraded Alpha Natural Resource from "Buy" to "Neutral."
Alpha ended Monday's trading session at $45.87, falling $0.80, or 1.71 percent. Goldman raised their price target from $52 to $53.
The banking giant said, "We continue to like ANR's met and NAPP thermal coal assets, but believe a Neutral rating is appropriate, given the stock is already discounting $200/MT, limiting further upside vs. expectations."
Goldman downgraded Alpha Natural Resource from "Buy" to "Neutral."
Alpha ended Monday's trading session at $45.87, falling $0.80, or 1.71 percent. Goldman raised their price target from $52 to $53.
Thursday, October 7, 2010
Massey (NYSE:MEE), Alpha Natural Resources (NYSE:ANR), International Coal (NYSE:ICO), Cloud Peak (NYSE:CLD) Now Covered by Brean Murray
Brean Murray initiated coverage on a number of coal stocks, including Cloud Peak Energy (NYSE:CLD), International Coal Group (NYSE:ICO), Alpha Natural Resources (NYSE:ANR) and Massey Energy (NYSE:MEE).
Alpha Natural Resources is the top pick in the sector, with Massey coming in right behind them said Brean.
Coud and International Coal were started off with a "Hold," while Massey was initiated with a "Buy."
Brean said, "While Alpha Natural Resources (NYSE:ANR) is our official top pick, we'd have to say Massey is a close second. In our view, the regulatory pressures are largely priced into the stock, so that the risk-reward balance is now favoring investors who own the stock, in our view. The company's growing met coal exposure and leading Central Appalachian position make its assets among the most attractive in our universe."
Massey was among the top performers Wednesday, closing at $33.82, gaining $1.94, or 6.09 percent. Brean has a price target of $39 placed on them.
Alpha Natural Resources is the top pick in the sector, with Massey coming in right behind them said Brean.
Coud and International Coal were started off with a "Hold," while Massey was initiated with a "Buy."
Brean said, "While Alpha Natural Resources (NYSE:ANR) is our official top pick, we'd have to say Massey is a close second. In our view, the regulatory pressures are largely priced into the stock, so that the risk-reward balance is now favoring investors who own the stock, in our view. The company's growing met coal exposure and leading Central Appalachian position make its assets among the most attractive in our universe."
Massey was among the top performers Wednesday, closing at $33.82, gaining $1.94, or 6.09 percent. Brean has a price target of $39 placed on them.
Thursday, August 26, 2010
Coal Producers Peabody Energy (NYSE:BTU), Massey (NYSE:MEE), Alpha (NYSE:ANR), Consol (NYSE:CNX), Plunge on Recession Concerns
Coal firms Peabody Energy (NYSE:BTU), Alpha Natural Resources Inc. (NYSE:ANR), Massey Energy Co. (NYSE:MEE) and Consol Energy Inc. (NYSE:CNX) all plummeted in Wednesday's trading, as economic data continue to confirm we remain in a recession, with little hope of exiting it anytime soon.
Consol Energy could come under even more pressure, not only because of their coal exposure, but their natural gas exposure, which would be under pressure because of enormous supply, whether there was a recession or not.
With stimulus money leaving the economy, its naked state has again been exposed, and it is as weak as ever, putting pressure on providers of energy and raw materials.
Following on the footsteps of the horrid figures for house sales yesterday, new data showed the sales of new homes also plunged, down 12 percent, from June. That would put sales at the lowest level since statistics have been kept - 276,000 annually.
There is no doubt the slowdown will continue, and companies and investors should respond to that accordingly.
After all, if about $1 trillion in stimulus can do absolutely nothing to change the economy, adding another $1 trillion won't either, and it would be foolish and criminal to place that over the heads of the American people, as some are calling for the Federal Reserve and government to do.
While Arch Coal (NYSE:ACI) also fell in price, and exception was Patriot coal (NYSE:PCX), who managed to end Wednesday's trading session at $10.60, gaining $0.21, or 2.02 percent.
The only news there was Patriot's president and chief operating officer, Paul H. Vining, was stepping down.
Consol Energy could come under even more pressure, not only because of their coal exposure, but their natural gas exposure, which would be under pressure because of enormous supply, whether there was a recession or not.
With stimulus money leaving the economy, its naked state has again been exposed, and it is as weak as ever, putting pressure on providers of energy and raw materials.
Following on the footsteps of the horrid figures for house sales yesterday, new data showed the sales of new homes also plunged, down 12 percent, from June. That would put sales at the lowest level since statistics have been kept - 276,000 annually.
There is no doubt the slowdown will continue, and companies and investors should respond to that accordingly.
After all, if about $1 trillion in stimulus can do absolutely nothing to change the economy, adding another $1 trillion won't either, and it would be foolish and criminal to place that over the heads of the American people, as some are calling for the Federal Reserve and government to do.
While Arch Coal (NYSE:ACI) also fell in price, and exception was Patriot coal (NYSE:PCX), who managed to end Wednesday's trading session at $10.60, gaining $0.21, or 2.02 percent.
The only news there was Patriot's president and chief operating officer, Paul H. Vining, was stepping down.
Wednesday, June 2, 2010
Alpha Natural Resources (NYSE:ANR) Upgraded by Dahlman Rose
Alpha Natural Resources (NYSE:ANR) was upgraded by Dahlman Rose today from "Hold" to Buy," along with competitor Arch Coal, Inc. (NYSE:ACI).
Yesterday FBR Capital Markets maintained its outperform rating on Arch as well.
Although some say it's from a potential rebound in coal demand, which is probably part of it, the companies above are also noted for strong safety records and safety measures, which gives them a much higher degree of predictability than others in the industry, or at least that's how they're increasingly being perceived by investors.
Adding the two elements together gives them a strong competitive advantage if they can continue on as they are, along with producing a lot of coal to meet the growing demand, assuming that the coal demand is sustainable.
Yesterday FBR Capital Markets maintained its outperform rating on Arch as well.
Although some say it's from a potential rebound in coal demand, which is probably part of it, the companies above are also noted for strong safety records and safety measures, which gives them a much higher degree of predictability than others in the industry, or at least that's how they're increasingly being perceived by investors.
Adding the two elements together gives them a strong competitive advantage if they can continue on as they are, along with producing a lot of coal to meet the growing demand, assuming that the coal demand is sustainable.
Tuesday, May 25, 2010
Cliffs (NYSE:CLF), Alpha Natural Resources (NYSE:ANR), Peabody Energy (NYSE:BTU) and Freeport (NYSE:FCX) Top Bank of America (NYSE:BAC) Picks
Natural resource stocks enjoyed some renewed attention today, and overall the news was good, as a couple of them were upgraded, and some were among the top picks of stocks going forward, specifically Cliffs (NYSE:CLF), Alpha Natural Resources (NYSE:ANR), Peabody Energy (NYSE:BTU) and Freeport (NYSE:FCX) from Bank of America (NYSE:BAC), which along with Citigroup (NYSE:C) upgraded AK Steel (NYSE:AKS), and Bank of America also upgraded RTI International Metals (NYSE:RTI).
Metal stocks were particularly strong today, based on the conclusion they've been vastly over-corrected, which means they're cheap and have a lot of upside, even in the uncertain market and unknown demand factors, which have been skewed by the European sovereign debt crisis, as well as the inflation challenges faced in China, which could result in lower demand for a number of raw materials than previously expected.
Metal stocks were particularly strong today, based on the conclusion they've been vastly over-corrected, which means they're cheap and have a lot of upside, even in the uncertain market and unknown demand factors, which have been skewed by the European sovereign debt crisis, as well as the inflation challenges faced in China, which could result in lower demand for a number of raw materials than previously expected.
Saturday, May 8, 2010
Patriot Coal (NYSE:PCX), Massey Energy (NYSE:MEE), Alpha Natural Resources (NYSE:ANR), Peabody Energy (NYSE:BTU), Arch Coal (NYSE:ACI), Consol Energy (NYSE:CNX)- All Down
Coal companies took a big hit, as major coal companies like Patriot Coal (NYSE:PCX), Massey Energy (NYSE:MEE), Alpha Natural Resources (NYSE:ANR), Peabody Energy (NYSE:BTU), Arch Coal (NYSE:ACI), Consol Energy (NYSE:CNX) were all down on concerns over the European sovereign debt crisis.
With the risk of contagion very real, many think the sovereign debt debacle in Europe could bring the economy back into a deep recession, which is debatable as to whether or not it has really ever left.
Coal is a bellwhether of the economy, and so usually how coal goes, so the economy is also going, and the market shows there is a growing concern over whether or not the global economy can take a hit as big as it looks like it will with the countries in Europe.
With the risk of contagion very real, many think the sovereign debt debacle in Europe could bring the economy back into a deep recession, which is debatable as to whether or not it has really ever left.
Coal is a bellwhether of the economy, and so usually how coal goes, so the economy is also going, and the market shows there is a growing concern over whether or not the global economy can take a hit as big as it looks like it will with the countries in Europe.
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