Showing posts with label Consol Energy. Show all posts
Showing posts with label Consol Energy. Show all posts
Friday, October 12, 2012
Peabody (BTU) (CNE) (CNX) (PGH) (TIE) (WLT) Downgraded by Analysts
Peabody Energy Corp. (BTU), Canacol Energy Ltd. (CNE), CONSOL Energy Inc. (CNX), Pengrowth Energy Trust (PGH), Titanium Metals (TIE) and Walter Energy (WLT) were all downgraded by analysts.
Nomura downgraded Peabody Energy Corp. (BTU) from a "Neutral" rating to a "Reduce" rating. $22.00
CIBC downgraded Canacol Energy Ltd. (CNE) from a "Sector Perform" rating to a "Underperform" rating.
Credit Agricole downgraded CONSOL Energy Inc. (CNX) from an "Outperform" rating to a "Sell" rating.
Credit Suisse (CS) downgraded Pengrowth Energy Trust (PGH) from a "Neutral" rating to an "Underperform" rating.
Citigroup (C) downgraded Titanium Metals (TIE) from a "Buy" rating to a "Neutral" rating. They have a price target of $13.00 on the company.
Credit Agricole downgraded Walter Energy (WLT) from an "Outperform" rating to a "Sell" rating. They have a price target of $30.00 on the company.
Friday, September 14, 2012
CF (CF) (HFC) (PCL) (PFC) (CNX) Ratings Changes
CF Industries Holdings Inc (CF), HollyFrontier Corp (HFC), Plum Creek Timber Co. (PCL), Petrofac Ltd (PFC) and CONSOL Energy Inc. (CNX) had ratings on them changed or initiated by analysts.
JPMorgan Chase (JPM) upgraded CF Industries Holdings Inc (CF) from a "Neutral" rating to an "Overweight" rating. They have a price target of $253.00 on the company.
Wells Fargo & Co. (WFC) upgraded HollyFrontier Corp (HFC) from a "Market Perform" rating to an "Outperform" rating.
Bank of America (BAC) upgraded Plum Creek Timber Co. (PCL) from an "Underperform" rating to a "Neutral" rating. They have a price target of $47.00 on the company.
Investec upgraded Petrofac Ltd (PFC) to a "Buy" rating. They have a price target of $32.26 on the company.
Global Hunter Securities initiated coverage on CONSOL Energy Inc. (CNX). They have a "Neutral" rating and a price target of $35.00 on the company.
JPMorgan Chase (JPM) upgraded CF Industries Holdings Inc (CF) from a "Neutral" rating to an "Overweight" rating. They have a price target of $253.00 on the company.
Wells Fargo & Co. (WFC) upgraded HollyFrontier Corp (HFC) from a "Market Perform" rating to an "Outperform" rating.
Bank of America (BAC) upgraded Plum Creek Timber Co. (PCL) from an "Underperform" rating to a "Neutral" rating. They have a price target of $47.00 on the company.
Investec upgraded Petrofac Ltd (PFC) to a "Buy" rating. They have a price target of $32.26 on the company.
Global Hunter Securities initiated coverage on CONSOL Energy Inc. (CNX). They have a "Neutral" rating and a price target of $35.00 on the company.
Friday, July 27, 2012
Barrick (ABX) (XOM) (CNX) (CWEI) (LINE) (WLT) (WY) (PAAS) (CLF) Analyst Coverage
Here's an update on analysts covering commodity companies Barrick Gold (ABX), Exxon Mobil (XOM), CONSOL Energy Inc. (CNX), Clayton Williams Energy (CWEI), Linn Energy, LLC (LINE), Cliffs Natural Resources (CLF), Walter Energy (WLT), Weyerhaeuser (WY)and Pan American Silver Corp. (PAAS).
Macquarie downgraded Barrick Gold (ABX) from an "Outperform" rating to a "Neutral" rating.
BB&T (BBT) downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Hold" rating.
Global Hunter Securities downgraded Clayton Williams Energy Inc (CWEI) from an "Accumulate" rating to a "Neutral" rating. They lowered their price target from $93.00 to $50.00 on the company.
Credit Suisse downgraded Linn Energy, LLC (LINE) from an "Outperform" rating to a "Neutral" rating.
Johnson Rice downgraded Walter Energy (WLT) from an "Overweight" rating to an "Equal Weight" rating.
Buckingham Research downgraded Weyerhaeuser (WY) from a "Buy" rating to a "Neutral" rating.
UBS AG (UBS) downgraded Exxon Mobil (XOM) from a "Buy" rating to a "Neutral" rating.
Credit Suisse (CS) upgraded Cliffs Natural Resources (CLF) from an "Underperform" rating to a "Neutral" rating.
RBC Capital initiated coverage on Pan American Silver Corp. (PAAS). They placed a "Sector Perform" rating on the company.
Macquarie downgraded Barrick Gold (ABX) from an "Outperform" rating to a "Neutral" rating.
BB&T (BBT) downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Hold" rating.
Global Hunter Securities downgraded Clayton Williams Energy Inc (CWEI) from an "Accumulate" rating to a "Neutral" rating. They lowered their price target from $93.00 to $50.00 on the company.
Credit Suisse downgraded Linn Energy, LLC (LINE) from an "Outperform" rating to a "Neutral" rating.
Johnson Rice downgraded Walter Energy (WLT) from an "Overweight" rating to an "Equal Weight" rating.
Buckingham Research downgraded Weyerhaeuser (WY) from a "Buy" rating to a "Neutral" rating.
UBS AG (UBS) downgraded Exxon Mobil (XOM) from a "Buy" rating to a "Neutral" rating.
Credit Suisse (CS) upgraded Cliffs Natural Resources (CLF) from an "Underperform" rating to a "Neutral" rating.
RBC Capital initiated coverage on Pan American Silver Corp. (PAAS). They placed a "Sector Perform" rating on the company.
Tuesday, November 2, 2010
Goldman Sachs (NYSE:GS) Slashes Consol Energy (NYSE:CNX) Price Target
Goldman Sachs (NYSE:GS) took the knife to the price target of Consol Energy Inc. (NYSE:CNX), cutting their price target on the company after missing earnings per share estimates in the last quarter.
Even, Goldman did say they liked the high margin businesses of the company, and still maintain a "Buy" rating on them.
Goldman said in a note to clients, "Despite the challenges, we remain Buy-rated ,as we like CNX's high-margin businesses and see shares as undervalued on a SOTP basis with risk/reward positive. Assuming historic average multiples, we believe shares are discounting HH gas prices per MMBtu of $4.00 for 2011 and $4.50 in 2012 with little credit for asset sales and West VA Marcellus resource upside potential. We believe natural gas prices are at the lower end of a $3.50-$5.00 NT trading range, likely limiting further downside to Buy-side estimates and sentiment. Street expectations for 2011-2012 coal volumes have been reset lower. We see $2-$3/share of upside from the sale of met coal assets and $2-$7/share if WV drilling results are positive."
Consol closed Monday at $36.91, gaining $0.15, or 0.41 percent. Goldman has a price target of $44 on them, lowering it from $47.
Even, Goldman did say they liked the high margin businesses of the company, and still maintain a "Buy" rating on them.
Goldman said in a note to clients, "Despite the challenges, we remain Buy-rated ,as we like CNX's high-margin businesses and see shares as undervalued on a SOTP basis with risk/reward positive. Assuming historic average multiples, we believe shares are discounting HH gas prices per MMBtu of $4.00 for 2011 and $4.50 in 2012 with little credit for asset sales and West VA Marcellus resource upside potential. We believe natural gas prices are at the lower end of a $3.50-$5.00 NT trading range, likely limiting further downside to Buy-side estimates and sentiment. Street expectations for 2011-2012 coal volumes have been reset lower. We see $2-$3/share of upside from the sale of met coal assets and $2-$7/share if WV drilling results are positive."
Consol closed Monday at $36.91, gaining $0.15, or 0.41 percent. Goldman has a price target of $44 on them, lowering it from $47.
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.
Monday, October 11, 2010
Peabody (NYSE:BTU), Consol (NYSE:CNX), Yanzhou (NYSE:YZC) Rally, Market Ignores Mixed Media Reports
Coal mining stocks made a nice move Friday, along with other energy stocks, as major coal companies like Consol Energy (NYSE:CNX), Yanzhou Coal Mining (NYSE:YZC) and Peabody Energy (NYSE:BTU) ended all up, and smaller coal miners such as International Coal Group (NYSE:ICO), Puda Coal (AMEX:PUDA) and Westmoreland Coal (AMEX:WLB) all closed up five percent or more.
The Market Vectors Coal ETF (NYSE:KOL) also made a big move, closing at $39.57, gaining $0.78, or 2.01 percent.
The usual announcement by some government around the world, in this case, South Africa, came announcing they're going to cut back on coal usage, but the fact remains coal is still a major part of generating electricity around the world, and that isn't going to change any time soon, in spite of assertions to the contrary.
Analysts like Walter Energy Walter Energy (NYSE:WLT) among all the coal miners, which has soared over the last three months, closing up Friday at $85.67, gaining $4.26, or 5.23 percent.
The Market Vectors Coal ETF (NYSE:KOL) also made a big move, closing at $39.57, gaining $0.78, or 2.01 percent.
The usual announcement by some government around the world, in this case, South Africa, came announcing they're going to cut back on coal usage, but the fact remains coal is still a major part of generating electricity around the world, and that isn't going to change any time soon, in spite of assertions to the contrary.
Analysts like Walter Energy Walter Energy (NYSE:WLT) among all the coal miners, which has soared over the last three months, closing up Friday at $85.67, gaining $4.26, or 5.23 percent.
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, August 25, 2010
Bank of America (NYSE:BAC) Lowers Consol Energy (NYES:CNX) Estimate, Price Target
Bank of America Corp (NYSE:BAC) cut back its earnings estimate for Consol Energy (NYES:CNX), while also lowering their price target on the company to $50.
Consol Energy, which produces natural gas and coal, was cut because of the abundant supply of natural gas which will put pressure on prices and margins.
The economy is also playing a major factor, as coal demand could slide as consumers continue to use less energy to help with their bills.
Bank of America maintained their "Buy" rating on the energy company, even with the lowered outlook.
Consol Energy, which produces natural gas and coal, was cut because of the abundant supply of natural gas which will put pressure on prices and margins.
The economy is also playing a major factor, as coal demand could slide as consumers continue to use less energy to help with their bills.
Bank of America maintained their "Buy" rating on the energy company, even with the lowered outlook.
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.
Tuesday, November 25, 2008
Is Coal Best Commodity to get into?
SEC filings for the third quarter of 2008 shows some major players have gobbled up large amount of shares in coal companies, as share prices have plummeted along with all commodities.
Two of the biggest companies invested in are Arch Coal (ACI) and Peabody (BTU). Others enjoying large infusions are Consol Energy (CNX) and CVRD, a Brazilian miner of iron ore, Teck and PT Bumi Resources from Indonesia.
Some of the investors involved with acquiring the shares are George Soros, Invesco and Citadel Investment Group.
As of November 21, Peabody traded at 3.7 times projected earnings for 2009 and Arch Coal traded at 2.5 times projected earnings.
Commodity companies will suffer in the short term but over the long haul will surge.
The reasoning behind the acquistions, besides the low valuations, is coal is less apt to be disrupted because of the built-in demand; and that demand is now growing.
Two of the biggest companies invested in are Arch Coal (ACI) and Peabody (BTU). Others enjoying large infusions are Consol Energy (CNX) and CVRD, a Brazilian miner of iron ore, Teck and PT Bumi Resources from Indonesia.
Some of the investors involved with acquiring the shares are George Soros, Invesco and Citadel Investment Group.
As of November 21, Peabody traded at 3.7 times projected earnings for 2009 and Arch Coal traded at 2.5 times projected earnings.
Commodity companies will suffer in the short term but over the long haul will surge.
The reasoning behind the acquistions, besides the low valuations, is coal is less apt to be disrupted because of the built-in demand; and that demand is now growing.
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