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CONSOL Falls Short of Estimates - Analyst Blog
Friday, October 29, 2010 - 7:03pm | 585Diversified fuel producer CONSOL Energy Inc. (CNX) posted third quarter 2010 adjusted earnings of 44 cents per share, falling short of the Zacks Consensus Estimate of 58 cents. Lower earnings in the quarter were a result of increased expenses, offset in part by robust fuel volumes produced at...
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Puts Purchased on Yanzhou Coal Mining (YZC)
Friday, October 29, 2010 - 1:56pm | 144Shares of Yanzhou Coal Mining Company Limited (NYSE: YZC) are lower on the session by 0.40%, currently trading at $28.80. The stock has been moving largely higher over the past two months, rallying above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Dahlman Rose & Co. Raises International Coal Group Price Target
Friday, October 29, 2010 - 9:42am | 114Dahlman Rose & Co. said that it views International Coal Group, Inc. (NYSE: ICO) shares as offering compelling value at current levels as the company undergoes financial and operational de-risking activities. Management continues to actively repurchase outstanding high cost debt and is moving...
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Uranium Resources, Inc. Prices $7.9M Offering at $1.16 per Share
Friday, October 29, 2010 - 9:21am | 80Uranium Resources, Inc. (NASDAQ: URRE) announced today that it has priced an 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, will be approximately $7.9 million....
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Arch Coal, Inc. Reports Third Quarter EPS of $.29
Friday, October 29, 2010 - 8:02am | 105Arch Coal, Inc. (NYSE: ACI) today reported third quarter 2010 net income of $46.7 million, or $0.29 per diluted share, compared with net income of $25.2 million, or $0.16 per diluted share, in the prior-year period. Excluding certain charges, third quarter 2010 adjusted net income was $57.4 million...
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Penn Virginia LP Misses, Revs Gain - Analyst Blog
Thursday, October 28, 2010 - 7:33pm | 899Penn Virginia Resource Partners L.P. (PVR) reported third quarter adjusted earnings of 25 cents per unit, 5 cents below both the Zacks Consensus estimate and the year-ago earnings of 30 cents. GAAP earnings of Penn Virginia Resource for the third quarter of 2010 were 9 cents per unit...
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Fast Money Traders Give Their Opinions On LVS, MMM, AN And USU
Thursday, October 28, 2010 - 7:25pm | 223CNBC Fast Money's, Guy Adami thinks that Las Vegas Sands Corp. (NYSE: LVS) is going higher, but he doesn't want to rush in and buy it tomorrow. He wants to wait for it to come down after today's huge move higher. Las Vegas Sands (LVS) gained 8.69% on better than expected 3Q results. Joe Terranova...
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Market Listless, Waiting on Elections & Fed
Thursday, October 28, 2010 - 6:19pm | 770Cusick's Corner The market stayed in a tight range going into the After Hours. But Oil, CLZ10 $81.94, in the short-term looks coiled for some potential upside, especially with the indecision that surfaced in the market after yesterday's close. With no data coming out, the market will start to...
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Jim Cramer's Stop Trading: Cramer Shares His Thoughts On CELG, AKAM, MSFT, VZ, NSC And BTU
Thursday, October 28, 2010 - 4:02pm | 340On CNBC's "Stop Trading, Listen to Cramer!", Jim Cramer said that Celgene Corporation (NASDAQ: CELG) is a great stock. He praised CELG's new CEO, Bob Hugin, who is a great businessman. Cramer was worried about European reimbursement at one point, but he is not worried about that any more. Celgene...
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Calls Purchased on USEC Inc. (USU)
Thursday, October 28, 2010 - 1:26pm | 150Shares of USEC Inc. (NYSE: USU) are higher on the session by 8.47%, currently trading at $5.38. The stock has been moving largely sideways over the past five months hovering around the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A short while ago the...
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Dahlman Rose Increases Price Target on Massey Energy (MEE)
Thursday, October 28, 2010 - 12:39pm | 179Dahlman Rose & Co. is out with a research report this afternoon, where it reiterates its Buy rating on Massey Energy (NYSE: MEE); it increased its price target on the name from $45.00 to $48.00. The Dahlman analysts noted that Massey again cut total sales guidance, reducing 2010 and 2011 by 0....
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Brean Murray, Carret & Co. Raises WLT And MEE Price Targets
Thursday, October 28, 2010 - 12:36pm | 41Brean Murray, Carret & Co. is changing the price targets of the following companies: Walter Energy, Inc. (NYSE: WLT) $103 to $107 Massey Energy Company (NYSE: MEE) $39 to $55
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Under The Hood: Global X China Energy ETF
Thursday, October 28, 2010 - 8:44am | 354China is now the world's second-largest oil consumer behind the U.S. and that demand is forecast to do nothing but soar. Combine that with the facts that many of China's largest oil companies are also leading the charge to acquire global energy assets and that several of those companies either...
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Estimates Lowered For Massey Energy
Thursday, October 28, 2010 - 8:38am | 112Citigroup has published a research report on Massey Energy (NYSE: MEE) and is lowering estimates on the company while management coordinates a strategic review to boost shareholder value. In the report, Citigroup writes "After adjusting our model for the lower shipment and higher cost guidance for...
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Citi Raises Price Target On Alliance Resource Partners After Earnings (ARLP)
Thursday, October 28, 2010 - 7:52am | 147Citi Investment Research raised its price target on Alliance Resource Partners, L.P. (NASDAQ: ARLP) after the company reported earnings. It went from $58 to $56, but kept its Hold rating on shares. In a note to clients, Citi writes, "We are maintaining our Hold/High Risk rating (2H) while slightly...