This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sector Snap: Analyst Rates Coal Stocks "Buy"

NEW YORK (AP) ¿ The coal mining sector will struggle under constrained volumes for the rest of the year, but should rebound in 2010 on a strong price recovery, said an analyst on Thursday who reiterated his "Buy" rating for a number of coal stocks.

Stifel Nicolaus & Co analyst Paul Forward predicted dismal second-quarter and full-year results driven by lower shipping volumes and the fact that most firms have the majority of their planned coal production committed, leaving few opportunities to gain from price strengthening.

Demand for all types of coal has continued to remain very weak, but the sector has responded quickly by cutting domestic coal production, a move that could prompt an eventual recovery in coal pricing, Forward said.

Forward expects a strong rebound in prices in 2010 and 2011, led by coal from the Appalachians due to its exposure to export markets, with other regions trailing behind.

He reiterated his "Buy" rating for Consol Energy Inc., Peabody Energy Corp., Massey Energy Co. and Foundation Coal Holdings Inc., with price targets of $40.16, $34.01, $22.18 and $28.45, respectively.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
WLT $0.00 0.00%
JRCC $0.00 0.00%
ACI $0.47 -7.84%
BTU $2.43 0.00%
AAPL $93.99 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs