Showing posts with label Walter Energy. Show all posts
Showing posts with label Walter 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
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.
Friday, August 5, 2011
Dendreon (DNDN) (WFR) (WLT) (NTSP) (ONNN) (NCIT) Downgraded
Dendreon Co. (NASDAQ: DNDN), MEMC Electronic Materials Inc (NYSE: WFR), Walter Energy (NYSE: WLT), NetSpend (NASDAQ: NTSP), ON Semiconductor (NASDAQ: ONNN) and NCI Inc (NASDAQ: NCIT) downgraded by analysts.
MEMC Electronic Materials Inc. (WFR) was downgraded by Kaufman Brothers from a “Buy” rating to a “Hold” rating. They have a price target of $7.00 on the company, down from $10.00.
Walter Energy (WLT) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
NetSpend (NTSP) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
ON Semiconductor (ONNN) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating. They have a price target of $9.00 on the company.
NCI Inc. (NCIT) was downgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Underperform” rating.
Dendreon Co. (DNDN) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $19.00 on the company, down from $55.00.
MEMC Electronic Materials Inc. (WFR) was downgraded by Kaufman Brothers from a “Buy” rating to a “Hold” rating. They have a price target of $7.00 on the company, down from $10.00.
Walter Energy (WLT) was downgraded by Keybanc from a “Buy” rating to a “Hold” rating.
NetSpend (NTSP) was downgraded by SunTrust (NYSE:STI) from a “Buy” rating to a “Neutral” rating.
ON Semiconductor (ONNN) was downgraded by ThinkEquity from a “Buy” rating to a “Hold” rating. They have a price target of $9.00 on the company.
NCI Inc. (NCIT) was downgraded by Wells Fargo & Co. (NYSE:WFC) from a “Market Perform” rating to an “Underperform” rating.
Dendreon Co. (DNDN) was downgraded by Collins Stewart from a “Buy” rating to a “Neutral” rating. They have a price target of $19.00 on the company, down from $55.00.
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.
Friday, September 3, 2010
UBS (NYSE:UBS), FBR, KeyBanc All Maintain Walter Energy (NYSE:WLT) Ratings
UBS (NYSE:UBS) FBR Capital, KeyBanc all maintained their ratings on Walter Energy (NYSE:WLT), although they did lower their price targets on the company.
UBS maintained their "Buy" rating on Walter, while lowering their price target from $112 to $111.
UBS analyst Shneur Z. Gershuni, said, "We expect WLT will likely trade lower on the news (lowered production guidance); however, we would view any weakness as a buying opportunity...Additionally, despite the lost earnings we expect WLT to generate 900mm of FCF over the next two years and expect share repurchases to continue."
They consider the weak price an opportunity to buy.
FBR Capital reiterated their 'Outperform' Rating, while lowering their outlook for the fourth quarter of 2010. They also lowered the price target from $88 to $87.
FBR said, "...we are lowering our 2010 EPS/EBITDA estimates by about 9% and our price target by $1.00, primarily to reflect the lowered volume and increased cost guidance announced by the company yesterday evening, partially offset by a higher-than-expected 4Q10 met coal settlement. The issue surrounds starting up the new longwall panel, which traditionally could be an issue for any underground company. Regarding those with a short-term time horizon, we would suspect that some will take profits..."
KeyBanc also reiterated their "Buy" rating on the energy company, while adjusting the earnings per share at Mine No. 4 Setback.
"We are reiterating our rating on shares of WLT, but lowering our 2010 and 2011 EPS estimates following the Company's business update issued after the market close. Our 2010 EPS estimate goes to $8.25 (from $9.30), while our 2011 estimate moves to $11.00 (from $12.25)...Our new 2010 estimate now reflects lower shipments and operating profit per ton in light of production difficulties WLT has encountered at Mine No. 4, which are expected to impact 3Q production costs at the mine and have the delayed effect of reducing 4Q shipment levels," said the KeyBanc analyst.
UBS maintained their "Buy" rating on Walter, while lowering their price target from $112 to $111.
UBS analyst Shneur Z. Gershuni, said, "We expect WLT will likely trade lower on the news (lowered production guidance); however, we would view any weakness as a buying opportunity...Additionally, despite the lost earnings we expect WLT to generate 900mm of FCF over the next two years and expect share repurchases to continue."
They consider the weak price an opportunity to buy.
FBR Capital reiterated their 'Outperform' Rating, while lowering their outlook for the fourth quarter of 2010. They also lowered the price target from $88 to $87.
FBR said, "...we are lowering our 2010 EPS/EBITDA estimates by about 9% and our price target by $1.00, primarily to reflect the lowered volume and increased cost guidance announced by the company yesterday evening, partially offset by a higher-than-expected 4Q10 met coal settlement. The issue surrounds starting up the new longwall panel, which traditionally could be an issue for any underground company. Regarding those with a short-term time horizon, we would suspect that some will take profits..."
KeyBanc also reiterated their "Buy" rating on the energy company, while adjusting the earnings per share at Mine No. 4 Setback.
"We are reiterating our rating on shares of WLT, but lowering our 2010 and 2011 EPS estimates following the Company's business update issued after the market close. Our 2010 EPS estimate goes to $8.25 (from $9.30), while our 2011 estimate moves to $11.00 (from $12.25)...Our new 2010 estimate now reflects lower shipments and operating profit per ton in light of production difficulties WLT has encountered at Mine No. 4, which are expected to impact 3Q production costs at the mine and have the delayed effect of reducing 4Q shipment levels," said the KeyBanc analyst.
Wednesday, July 7, 2010
Walter Energy (NYSE:WLT) Upgraded by FBR Capital Markets (Nasdaq:FBCM)
At one point in the trading day Tuesday, Walter Energy Inc. (NYSE:WLT) climbed 5.9 percent, peaking around 10:30 AM EDT, as FBR Capital Markets (Nasdaq:FBCM) upgraded the company from "Market Perform" to "Outperform."
Walter Energy had been moving nice on the year until about April 15, when they reached their 52-week high of $99.45 a share. It's been downhill since then, with the company plunging in value since then.
At the end of the trading session Tuesday, Walter finished at $61.27, down slightly by $0.19, or 0.31 percent.
Walter produces coal for the steel industry.
Walter Energy had been moving nice on the year until about April 15, when they reached their 52-week high of $99.45 a share. It's been downhill since then, with the company plunging in value since then.
At the end of the trading session Tuesday, Walter finished at $61.27, down slightly by $0.19, or 0.31 percent.
Walter produces coal for the steel industry.
Subscribe to:
Posts (Atom)