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Brean Murray Downgrades James River Coal Company To Hold
Wednesday, August 10, 2011 - 6:32am | 24Brean Murray Carret & Company has downgraded James River Coal Company (NASDAQ: JRCC) from Buy to Hold.
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Rodman & Renshaw Initiates Coverage of UR-Energy with Market Outperform and PT of $2.52
Wednesday, August 10, 2011 - 2:00am | 34Rodman & Renshaw initiated its coverage of UR-Energy (NYSE: URG) with a Market Outperform rating and a price target of $2.52. On Tuesday, URG added 3.33% to stand around $1.24.
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BMO Capital Lowers PT To $55 On ANR To $55
Monday, August 8, 2011 - 6:41am | 119BMO Capital Markets, in light of the company's updated guidances, has lowered its price target from $65 to $55 on Alpha Natural Resources (NYSE: ANR). Says BMO, in its report, “Alpha reported adjusted Q2/11 EPS of US$0.96, below the Street's US$1.12 estimate. Guidance for FY2012 met coal volumes...
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BMO Lowers PT on Alpha Natural Resources to $55
Monday, August 8, 2011 - 5:33am | 29BMO Capital Markets has lowered the price target on Alpha Natural Resources (NYSE: ANR) from $65 to $55 and maintains its Outperform rating.
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BMO Reiterates Outperform on Alpha Natural Resources, Slashes PT to $55
Monday, August 8, 2011 - 2:29am | 48BMO reiterated its Outperform rating on Alpha Natural Resources (NYSE: ANR). At the same time, the rating agency reduced its price target on the company's stock from $65 to $55. On Friday, ANR lost 2.8% of its value to end the week at $32.31.
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Benzinga's Top Pre-Market Gainers
Friday, August 5, 2011 - 6:41am | 122priceline.com Incorporated (NASDAQ: PCLN) rose 9.04% to $527.01 in the pre-market session. PCLN reported upbeat Q2 profit. CF Industries Holdings Inc (NYSE: CF) added 4.53% to $148.00 in the pre-market session. CF reported a strong rise in its Q2 profit. Peabody Energy Corporation (NYSE: BTU)...
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Options Brief: James River Coal
Thursday, August 4, 2011 - 12:02pm | 79Shares of James River Coal (NASDAQ: JRCC) are lower on the session by 0.54%, trading at $21.21. Overall put volume is now running at 4.04x the daily average, with 85% of all puts traded being purchases on the offer. 1,058 contracts have traded on the session so far. James River Coal Company...
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Options Brief: James River Coal
Thursday, August 4, 2011 - 12:02pm | 79Shares of James River Coal (NASDAQ: JRCC) are lower on the session by 0.54%, trading at $21.21. Overall put volume is now running at 4.04x the daily average, with 85% of all puts traded being purchases on the offer. 1,058 contracts have traded on the session so far. James River Coal Company...
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Peabody Energy and Ameren Sign Contract for 91M Tons of Powder River Basin Coal
Thursday, August 4, 2011 - 10:02am | 76Peabody Energy (NYSE: BTU) and Ameren Corporation (NYSE: AEE) have entered into an agreement to provide 91 million tons of low sulfur coal to serve multiple electricity generating plants in Missouri through 2017. Peabody will source multiple products from its Powder River Basin operations in...
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There Will be Blood
Thursday, August 4, 2011 - 9:06am | 614I borrowed the title of today's issue from the Daniel Day Lewis movie of the same name - based on the Upton Sinclair novel, "Oil!" The novel detailed the oil boom of early 20th Century Southern California. Today I'm not going to talk much about oil, but the title of the movie is appropriate enough...
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Earnings Roundup
Thursday, August 4, 2011 - 7:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
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UPDATE: Alpha Natural Resources Swings To Q2 Loss; Shares Down In Pre-Market
Thursday, August 4, 2011 - 7:22am | 75Alpha Natural Resources Inc (NYSE: ANR) swung to a second-quarter loss. Alpha posted a quarterly loss of $56.4 million, or $0.36 per share, versus a year-ago profit of $38.8 million, or $0.32 per share. Excluding one-time items, Alpha's income from continuing operations came in at $0.96 per share...
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Peabody Energy and ArcelorMittal Lodge Bidder's Statement for Macarthur Coal Offer
Thursday, August 4, 2011 - 6:19am | 248Peabody Energy (NYSE: BTU) and ArcelorMittal (NYSE: MT) today lodged with the Australian Securities and Investments Commission the Bidder's Statement for their all-cash off-market takeover bid to acquire all the shares in Macarthur Coal Ltd. A copy of the Bidder's Statement is available from...
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US Stock Futures Down As Investors Await Jobless Claims Data, GM Earnings
Thursday, August 4, 2011 - 5:17am | 460US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 2:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...