Concho Resources Inc. (NYSE: CXO), Oasis Petroleum Inc. (NYSE: OAS), Extorre Gold Mines (NYSE: XG), Brigham Exploration (NASDAQ: BEXP), International Coal Group, Inc. (NYSE: ICO) and Whiting Petroleum Co. (NYSE: WLL) had their ratings updated by analysts.
Lazard Capital upgraded Concho Resources Inc. (CXO) from a “neutral” rating to a “buy” rating. They have a price target of $110.00 on the stock.
Wells Fargo & Co. (NYSE:WFC) upgraded Oasis Petroleum Inc. (OAS) from a “market perform” rating to an “outperform” rating.
Dahlman Rose upgraded Extorre Gold Mines (XG) from a “hold” rating to a “buy” rating.
Macquarie downgraded Brigham Exploration (BEXP) from an “outperform” rating to a “neutral” rating.
Dahlman Rose downgraded International Coal Group, Inc. (ICO) from a “buy” rating to a “hold” rating.
Ticonderoga downgraded Whiting Petroleum Co. (WLL) from a “buy” rating to a “neutral” rating.
Showing posts with label International Coal Group. Show all posts
Showing posts with label International Coal Group. Show all posts
Friday, June 10, 2011
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, 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.
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