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Massey Looks To Idle Its Freedom Energy Mine (MEE)
Wednesday, November 3, 2010 - 5:37pm | 139After the bell today, Massey Energy Company (NYSE: MEE) confirmed that the Mine Safety and Health Administration has filed a lawsuit in federal district court in Kentucky seeking to close the company's Freedom Energy Mine No. 1 until alleged safety hazards can be corrected. Massey does not believe...
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Alpha Natural Resources Falling Afer Earnings Miss (ANR)
Wednesday, November 3, 2010 - 2:52pm | 258Shares of Alpha Natural Resources, Inc. (NYSE: ANR) are trading down 5.8% at $43.09 per share during the Wednesday afternoon trading session. The day's trading range for shares of Alpha Natural Resources, Inc has been between $42.65 and $44.61 per share. Analysts covering the company's stock give...
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Uranium Resources, Inc. Completes 7.15M Share Offering
Wednesday, November 3, 2010 - 11:30am | 66Uranium Resources, Inc. (NASDAQ: URRE) announced today that it has closed its underwritten registered offering of 7,150,000 shares of common stock at a price of $1.16 per share. Net proceeds to the Company, after deducting underwriting discounts and commissions and estimated offering expenses,...
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Alpha Natural Resources Posts Mixed Results (ANR)
Wednesday, November 3, 2010 - 8:04am | 258Alpha Natural Resources, Inc. (NYSE: ANR) released financial results on Wednesday morning that missed Wall Street earnings estimates, while beating revenue expectations. Alpha Natural Resources, Inc announced a 3rd quarter net income of $31.9 million, or 27 cents per share, compared to a net loss...
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USEC Beats Estimates By $0.03
Wednesday, November 3, 2010 - 6:39am | 123Jefferies & Co. has published a research report on USEC Inc. (NYSE: USU) after the company reported 3Q earnings that exceeded estimates by $0.03. In the report, Jefferies writes "We expect quarterly results to be overshadowed by structural issues: 1) update on the ACP process: if USEC's DOE...
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USEC Reports Third Quarter 2010 Results: EPS of $0.01
Tuesday, November 2, 2010 - 4:45pm | 89USEC Inc. (NYSE: USU) today reported net income of $1.0 million or 1 cent per diluted and basic share for the third quarter ended September 30, 2010, compared to a net loss of $6.2 million or 6 cents per diluted and basic share for the third quarter of 2009. For the nine-month period ended...
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Company News for November 1, 2010 - Corporate Summary
Tuesday, November 2, 2010 - 11:00am | 754• Baker Hughes (NYSE: BHI) posted third quarter earnings of $0.54, $0.07 better-than-expected, on an 83% revenue surge to $4.1 billion, up from Street estimates of $3.8 billion • Humana (NYSE: HUM) beat estimates by $0.35 with third quarter adjusted earnings of $2.01, versus estimates of $1.66, on...
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Arch's Profits Slip below Consensus - Analyst Blog
Tuesday, November 2, 2010 - 11:00am | 692Coal producer Arch Coal Inc. (ACI) has reported net adjusted earnings of 35 cents per share for the third quarter 2010, which is below the Zacks Consensus Estimate of 37 cents. GAAP net earnings during the quarter were 29 cents per share versus 16 cents in the year ago quarter. GAAP earnings in...
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Tough 3Q For CONSOL Energy
Tuesday, November 2, 2010 - 8:14am | 177Dahlman Rose has published a research report on CONSOL Energy (NYSE: CNX) after the company reported a tough 3Q and is expecting lower coal volumes in the coming quarters. In the report, Dahlman Rose writes "While we have reduced our earnings estimates due to the lower thermal coal sales outlook...
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Arch Coal Up Sharply (ACI)
Monday, November 1, 2010 - 1:02pm | 74Shares of Arch Coal, Inc. (NYSE: ACI) are up sharply today, gaining more than 5% after the company was upgraded at Brean Murray. Arch Coal, Inc. engages in the production and sale of steam and metallurgical coal from surface and underground mines to power plants, steel mills, and industrial...
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Arch Coal Upgraded to Hold
Monday, November 1, 2010 - 11:00am | 25Brean Murray upgrades Arch Coal (NYSE: ACI) from Sell to Hold. Arch coal is currently trading at $26.
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Dahlman Rose & Co. Encouraged By Arch Coal
Monday, November 1, 2010 - 9:25am | 104Arch Coal, Inc. (NYSE: ACI) reported 3Q10 adjusted EBITDA of $201MM “versus our forecast and consensus of $191MM and $201MM, respectively,” Dahlman Rose & Co. reports. “We are encouraged by strong cost control and solid output from Arch's PRB and Western Bituminous operations during the quarter...
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Strong 3Q Shipments for Consol Energy, Jefferies & Company Reports
Monday, November 1, 2010 - 8:33am | 104Consol Energy Inc. (NYSE: CNX) is the largest Northern Appalachian coal producer with diverse energy assets (thermal coal, met coal, and natural gas), Jefferies & Company reports. Q3 shipments were strong despite the idling of Mine 84 and sale of Jones Fork. “Our price target of $55 per share...
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CONSOL Energy Declares Regular Quarterly Dividend of $0.10
Monday, November 1, 2010 - 8:15am | 34CONSOL Energy Inc.'s (NYSE: CNX) Board of Directors declared a regular quarterly dividend of $0.10 per share, payable on November 26, 2010, to shareholders of record on November 12, 2010.
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Goldman Has Buy On Consol Energy (CNX)
Monday, November 1, 2010 - 6:54am | 164Goldman Sachs has a Buy rating and a $44 price target on shares of Consol Energy Inc. (NYSE: CNX), as it has underperformed its group. In a note to clients, Goldman writes, "Despite the challenges, we remain Buy-rated ,as we like CNX's high-margin businesses and see shares as undervalued on a SOTP...