The bid by Peabody Energy Corp. (NYSE: BTU) of $1.11 per mineable ton of sulfur coal was enough to land it control over 402 million tons of ultra low sulfur coal reserves located in Wyoming.
The leased tons are in Southern Powder River Basin in Wyoming, which is next to the North Antelope Rochelle Mine the coal giant operates.
Also close to the mine is the North Porcupine region which Peabody will bid upon in the second quarter. At this time the company 3.3 billion tons of coal reserves in the area.
With the Obama administration attack on the coal industry, it has put enormous pressure on coal companies, including Peabody, which closed Friday at $24.77, falling $1.19, or 4.77 percent. That's over a dollar below the 52-week low of $24.73.
Showing posts with label Peabody Energy. Show all posts
Showing posts with label Peabody Energy. Show all posts
Friday, May 18, 2012
Friday, March 23, 2012
Peabody (BTU) (CNX) (CAM) (DRQ) (LINE) (DG) Ratings, Price Targets
Peabody Energy Corp. (BTU), CONSOL Energy Inc. (CNX), Cameron (CAM), Dril-Quip (DRQ), Linn Energy, LLC (LINE) and Dollar General (DG) had ratings and price targets on them adjusted by analysts.
Davenport downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Cameron (CAM) from a "Outperform" rating to a "Top Pick" rating.
Tudor Pickering upgraded Dril-Quip (DRQ) to an "Accumulate" rating.
Bank of America initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating on the company.
Nomura upgraded Dollar General (DG) from a "Neutral" rating to a "Buy" rating.
Davenport downgraded Peabody Energy Corp. (BTU) from a "Buy" rating to a "Neutral" rating.
Davenport downgraded CONSOL Energy Inc. (CNX) from a "Buy" rating to a "Neutral" rating.
RBC Capital upgraded Cameron (CAM) from a "Outperform" rating to a "Top Pick" rating.
Tudor Pickering upgraded Dril-Quip (DRQ) to an "Accumulate" rating.
Bank of America initiated coverage on Linn Energy, LLC (LINE). They placed a "Buy" rating on the company.
Nomura upgraded Dollar General (DG) from a "Neutral" rating to a "Buy" rating.
Monday, January 23, 2012
Peabody (BTU) (RDS.A) (FST) (COP) (SLB) (SWN) Ratings, Price Targets
Peabody Energy Corp. (NYSE: BTU), Royal Dutch Shell (NASDAQ: RDS.A), Forest Oil Co. (NYSE: FST), ConocoPhillips (NYSE: COP), Schlumberger (NYSE: SLB) and Southwestern Energy (NYSE: SWN) ratings and price targets.
ING Group initiated coverage on Royal Dutch Shell (RDS.A). They placed a “Buy” rating on the company.
Peabody Energy Corp. (BTU) had its price target lowered by Howard Weil from $75.00 to $60.00. They have an “Outperform” rating on the company.
Forest Oil Co. (FST) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
ConocoPhillips (COP) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating. They have a price target of $60.00 on the company, down from $68.00.
Schlumberger (SLB) had its price target lowered by Deutsche Bank (NYSE:DB) to $101.00.
Southwestern Energy (SWN) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
ING Group initiated coverage on Royal Dutch Shell (RDS.A). They placed a “Buy” rating on the company.
Peabody Energy Corp. (BTU) had its price target lowered by Howard Weil from $75.00 to $60.00. They have an “Outperform” rating on the company.
Forest Oil Co. (FST) was downgraded by BMO Capital Markets from an “Outperform” rating to a “Market Perform” rating.
ConocoPhillips (COP) was downgraded by UBS AG (NYSE:UBS) from a “Neutral” rating to a “Sell” rating. They have a price target of $60.00 on the company, down from $68.00.
Schlumberger (SLB) had its price target lowered by Deutsche Bank (NYSE:DB) to $101.00.
Southwestern Energy (SWN) was upgraded by BMO Capital Markets from a “Market Perform” rating to an “Outperform” rating.
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