Showing posts with label Peabody Energy. Show all posts
Showing posts with label Peabody 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.
Monday, September 24, 2012
Chevron (CVX), (FSM), (AKS), (BTU), (TLM) (WLT) (DRQ) Ratings Changes
Ratings on shares of Chevron (CVX), Dril-Quip (DRQ), AK Steel Holding Co. (AKS), Peabody Energy Corp. (BTU), Fortuna Silver Mines (FSM), Talisman Energy (TLM), Walter Energy (WLT) and U.S. Steel (X) were adjusted by analysts.
Howard Weil upgraded shares of Chevron (CVX) from a "Market Perform" rating to an "Outperform" rating. They have a price target of $135.00 on the company.
ISI Group upgraded Dril-Quip (DRQ) from a "Hold" rating to a "Buy" rating.
Citigroup (C) downgraded AK Steel Holding Co. (AKS) from a "Neutral" rating to a "Sell" rating. They lowered their price from $5.50 to $3.50 on the company.
Bank of America (BAC) downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to an "Underperform" rating. They lowered their price target from $32.00 to $22.00 on the company.
Dundee Securities downgraded Fortuna Silver Mines (FSM) from a "Buy" rating to a "Neutral" rating.
Credit Suisse (CS) downgraded Talisman Energy (TLM) from an "Outperform" rating to a "Neutral"rating.
Bank of America Walter Energy (WLT) Buy Neutral $45.00 $37.00
Citigroup U.S. Steel (X) Buy Neutral $30.00 $23.00
Wednesday, January 25, 2012
Verizon (VZ) (BTU) (BHI) (GE) (HOG) (JCP) Ratings, Price Targets
Verizon (NYSE: VZ), Peabody Energy (NYSE: BTU), Baker Hughes (NYSE: BHI), General Electric (NYSE: GE), Harley-Davidson (NYSE: HOG) and J.C. Penney Company (NYSE: JCP) ratings and price targets.
Peabody Energy (BTU) had its “Outperform” rating reiterated by BMO Capital Markets. They have a price target of $50.00 on the company.
Baker Hughes (BHI) had its “Buy” rating reiterated by Bank of America (NYSE:BAC). They have a price target of $68.00 on the company.
General Electric (GE) had its “Outperform” rating reiterated by Oppenheimer. They have a price target of $21.00 on the company.
Harley-Davidson (HOG) had its “Hold” rating reiterated by Deutsche Bank (NYSE:DB). They have a price target of $43.00 on the company.
J.C. Penney Company (JCP) had its “Underweight” rating reiterated by Morgan Stanley (NYSE:MS). They have a price target of $27.00 on the company.
Verizon (VZ) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF). They have a price target of $45.00 on the company.
Peabody Energy (BTU) had its “Outperform” rating reiterated by BMO Capital Markets. They have a price target of $50.00 on the company.
Baker Hughes (BHI) had its “Buy” rating reiterated by Bank of America (NYSE:BAC). They have a price target of $68.00 on the company.
General Electric (GE) had its “Outperform” rating reiterated by Oppenheimer. They have a price target of $21.00 on the company.
Harley-Davidson (HOG) had its “Hold” rating reiterated by Deutsche Bank (NYSE:DB). They have a price target of $43.00 on the company.
J.C. Penney Company (JCP) had its “Underweight” rating reiterated by Morgan Stanley (NYSE:MS). They have a price target of $27.00 on the company.
Verizon (VZ) had its “Buy” rating reiterated by Jefferies Group (NYSE:JEF). They have a price target of $45.00 on the company.
Thursday, October 21, 2010
Peabody Energy (NYSE:BTU) Earnings Estimates Boosted by FBR Capital
FBR Capital reiterated their "Outperform" rating on Peabody Energy (NYSE:BTU), citing their strong performance in the third quarter. They also raised their earnings estimates for 2010-2012.
"This morning, we are increasing our 2010–2012 earnings estimates (EBITDA) on Peabody by about 2% after the company announced solid 3Q10 earnings, raised 2010 guidance, and sold additional coal at prices above expectations and in line with the forward curve. We continue to believe that Peabody is well positioned to benefit from growing seaborne demand and relatively less exposure to regulatory challenges domestically, where the company is also largely sold out for 2011. While the company's implied 4Q10 guidance may seem light, we remain focused on the key long-term catalysts for the company," said FBR.
"We are increasing our 2010 EPS/EBITDA estimates to $3.11/$1,884M, from
$2.99/$1,838M...We are also increasing our 2011 estimates to $4.00/$2,210M, from $3.83/$2,132M."
FBR has a price target of $61 on Peabody.
"This morning, we are increasing our 2010–2012 earnings estimates (EBITDA) on Peabody by about 2% after the company announced solid 3Q10 earnings, raised 2010 guidance, and sold additional coal at prices above expectations and in line with the forward curve. We continue to believe that Peabody is well positioned to benefit from growing seaborne demand and relatively less exposure to regulatory challenges domestically, where the company is also largely sold out for 2011. While the company's implied 4Q10 guidance may seem light, we remain focused on the key long-term catalysts for the company," said FBR.
"We are increasing our 2010 EPS/EBITDA estimates to $3.11/$1,884M, from
$2.99/$1,838M...We are also increasing our 2011 estimates to $4.00/$2,210M, from $3.83/$2,132M."
FBR has a price target of $61 on Peabody.
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.
Wednesday, October 6, 2010
Arcelor Mittal (NYSE:MT) and Peabody (NYSE:BTU) Downgraded by Deutsche Bank (NYSE:DB)
Deutsche Bank (NYSE:DB) downgraded Arcelor Mittal (NYSE:MT) and Peabody Energy Corp. (NYSE:BTU), taking them both down from "Buy" to "Hold."
Deutsche said, "Since our last quarterly updates, the coal/steel sectors have outperformed the market. The performance can be attributed to improved economic sentiment (China, US), commodity price performance, USD weakness, etc. As a result, risk-reward is largely balanced. Also, through this report we trim estimates (from slightly to significantly), and with share prices now nearing some of our PTs, we have trimmed some ratings."
Although economic sentiment isn't convincing, commodity prices and the weakness of the U.S. dollar will continue to be a major factor in the performance of companies producing raw materials, and that could be a strong impetus for companies like Arcelor Mittal and Peabody Energy.
The market agreed Tuesday, as it shrugged off the downgrades and pushed the price of shares in both companies up strongly.
Arcelor Mittal closed at $33.24, gaining $1.12, or 3.49 percent, while Peabody Energy ended the session at $50.46, increasing by $1.01, or 2.04 percent.
Deutsche said, "Since our last quarterly updates, the coal/steel sectors have outperformed the market. The performance can be attributed to improved economic sentiment (China, US), commodity price performance, USD weakness, etc. As a result, risk-reward is largely balanced. Also, through this report we trim estimates (from slightly to significantly), and with share prices now nearing some of our PTs, we have trimmed some ratings."
Although economic sentiment isn't convincing, commodity prices and the weakness of the U.S. dollar will continue to be a major factor in the performance of companies producing raw materials, and that could be a strong impetus for companies like Arcelor Mittal and Peabody Energy.
The market agreed Tuesday, as it shrugged off the downgrades and pushed the price of shares in both companies up strongly.
Arcelor Mittal closed at $33.24, gaining $1.12, or 3.49 percent, while Peabody Energy ended the session at $50.46, increasing by $1.01, or 2.04 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.
Friday, July 23, 2010
Peabody Energy (NYSE:BTU) Declares Quarterly Dividend on Common Stock
The Board of Directors for Peabody Energy (NYSE:BTU) declared a quarterly dividend on common stock of the company of $0.07 a share, or $0.28 on an annual basis.
It will be offered to shareholders of record as of August 6, 2010, and will be payable on August 27, 2010. The yield on the dividend is 0.6 percent.
Peabody, which is the largest private-sector coal company in the world, also had analysts at FBR Capital reiterate an "Outperform/Top Pick" rating on their shares recently, and retain a price target of $55.00 a share.
They said in a note to clients Thursday, “Yesterday, BTU reported solid 2Q10 estimates, raised its midpoint of 2010 guidance, and reiterated its view on the coal super-cycle (we call it “COALbalization”). We were positioned near the top end of guidance and are trimming estimates slightly to account for 4Q10 met coal price risk and modest U.S. steam volumes. Specifically, we are lowering our 2010–12 EBITDA estimates for BTU by an average 2% and reducing our EPS estimates by an average 8%, reflecting lower U.S. steam volumes and slight, below-expectations contracting…We are lowering our 2010 EPS/ EBITDA estimates to $3.00/$1,844M from $3.12/$1,847M…We are also lowering our 2011 EPS/ EBITDA estimates to $3.85/$2,138M from $4.29.$2,218M to reflect about 5 MT lower U.S. volumes and slightly lower pricing for Colorado coal, which got contracted during the current quarter.”
It will be offered to shareholders of record as of August 6, 2010, and will be payable on August 27, 2010. The yield on the dividend is 0.6 percent.
Peabody, which is the largest private-sector coal company in the world, also had analysts at FBR Capital reiterate an "Outperform/Top Pick" rating on their shares recently, and retain a price target of $55.00 a share.
They said in a note to clients Thursday, “Yesterday, BTU reported solid 2Q10 estimates, raised its midpoint of 2010 guidance, and reiterated its view on the coal super-cycle (we call it “COALbalization”). We were positioned near the top end of guidance and are trimming estimates slightly to account for 4Q10 met coal price risk and modest U.S. steam volumes. Specifically, we are lowering our 2010–12 EBITDA estimates for BTU by an average 2% and reducing our EPS estimates by an average 8%, reflecting lower U.S. steam volumes and slight, below-expectations contracting…We are lowering our 2010 EPS/ EBITDA estimates to $3.00/$1,844M from $3.12/$1,847M…We are also lowering our 2011 EPS/ EBITDA estimates to $3.85/$2,138M from $4.29.$2,218M to reflect about 5 MT lower U.S. volumes and slightly lower pricing for Colorado coal, which got contracted during the current quarter.”
Friday, July 2, 2010
Peabody Energy (NYSE:BTU) in Joint Venture with Winsway Coking Coal Holdings of China
Peabody Energy (NYSE:BTU) has entered into a joint venture with China's Winsway Coking Coal Holdings for mining of coking coal in Mongolia, according to Peabody. Coking coal is used to make steel.
The new company will be named Peabody-Winsway Resources. Winsway acquired the 50 percent interest which had been held by Canada's Polo Resources (TSE:POL).
A press release from Polo stated Winsway paid $15 million upfront for the stake, with an additional $20 million to be paid in stock or cash sometime in 2011.
The newly formed company holds uranium and coal licenses in Mongolia, and is actively involved with exploration in the South Gobi region of the country.
The new company will be named Peabody-Winsway Resources. Winsway acquired the 50 percent interest which had been held by Canada's Polo Resources (TSE:POL).
A press release from Polo stated Winsway paid $15 million upfront for the stake, with an additional $20 million to be paid in stock or cash sometime in 2011.
The newly formed company holds uranium and coal licenses in Mongolia, and is actively involved with exploration in the South Gobi region of the country.
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.
Thursday, April 15, 2010
Peabody (NYSE:BTU) Increases Macarthur Coal Bid
American coal company Peabody Energy (NYSE:BTU), has increased its offer for Macarthur Coal by 14 percent, raising it to A$16 a share, up from the most recent A$14 a share bid, and the original A$13 a share bid made by Peabody. That would bring the total offer to A$4.1-billion ($3.8 billion)if it goes forward and is approved.
Peabody is competing with an Australian company, New Hope, for control of Macarthur, and has a leg up on the company at this stage because the board of Macarthur likes their offer far better than the New Hope offer of A$14,5 a share.
Macarthur's board has recommended shareholders reject the New Hope offer as it now stands, possibly paving the way for acceptance of the Peabody offer.
Marcarthur is the leading global exporter of pulverized coal, which is in high demand from China.
Peabody is competing with an Australian company, New Hope, for control of Macarthur, and has a leg up on the company at this stage because the board of Macarthur likes their offer far better than the New Hope offer of A$14,5 a share.
Macarthur's board has recommended shareholders reject the New Hope offer as it now stands, possibly paving the way for acceptance of the Peabody offer.
Marcarthur is the leading global exporter of pulverized coal, which is in high demand from China.
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