There are 11 companies where analysts have boosted their profit forecasts for the second quarter, USA Today reports.» Read More
CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...
NEW YORK, May 15- Top U.S. hedge fund managers made contrasting bets on energy companies in the first quarter, with Greenlight Capital's David Einhorn sticking with names pummeled by falling oil prices, while Hayman Capital's Kyle Bass bet on frackers, regulatory filings showed on Friday. Einhorn's $11 billion Greenlight Capital increased its stake in Consol...
April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. U.S. power companies shut or converted over 4,100 megawatts of coal-fired plants last year and are expected to stop burning coal at another 22,100 MW of plants in 2015, according to Thomson Reuters data.
April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. The company's net income from continuing operations fell to $79 million, or 34 cents per share, in the first quarter ended March 31, from $121.7 million, or 53 cents per share, a year earlier. The company said the profit...
U.S. stocks closed mixed on Tuesday as investors digested the first of the major earnings reports and moderate economic data.
Hedge fund manager David Einhorn reiterated his belief in two existing positions at an investment conference Tuesday.
April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday, as Consol shifts focus to boosting natural gas production. Coal miners have been weighed down by a switch by U.S. utilities to cheaper natural gas from power-generating coal, and...
April 1- CNX Coal Resources LP, Consol Energy Inc's thermal coal business formed as a master limited partnership, filed for an initial public offering with U.S. regulators on Wednesday. The filing had a nominal fundraising target of $250 million. The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees.
Jan 30- Consol Energy Inc said it hired advisers to evaluate a master limited partnership structure for its thermal coal business, as it shifts focus to boosting natural gas production. The company said it expected to invest $1 billion in its oil and natural gas business in 2015, compared with the $220 million in its coal business. Coal miners have been weighed...
Jan 30- Coal and natural gas producer Consol Energy Inc reported a nearly 50 percent fall in quarterly profit as exploration and production costs shot up. Net income from continuing operations fell to $73.7 million, or 32 cents per share, in the quarter ended Dec. 31, from $146.6 million, or 64 cents per share, a year earlier. Revenue rose 13 percent to $935.7 million.
Are coal stocks the ultimate energy value play, or should bottom-fishing stock pickers stay far away?
Some of the names on the move ahead of the open.
LAUNCESTON, Australia, Dec 11- If you were looking for a sign that coal prices have finally bottomed out, then the ramping up of merger and acquisition activity is often a good indicator. In the past few days, a flurry of announcements have hit the headlines, including Anglo American's proposed sale of coal assets in Australia and South Africa, and Peabody Energy and...
Check out which companies are making headlines after the bell Wednesday: Walgreen, Restoration Hardware, Wet Seal and more.
Companies making headlines before the bell Monday:
Greenlight Capital founder David Einhorn is tweaking his bets after losing money in a "frustrating" third quarter.
A portfolio of stocks with Republican pure plays reveals GOP may gain a lot this election round.
Some of Thursday's midday movers:
A few new IPOs have priced well, yet others have been forced to discount from the initial price talk. Why?
The "Fast Money" traders share their final trades of the day.