This Day On The Street
Continue to site
ADVERTISEMENT
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

9 Coal Stocks With Upside

7. Penn Virginia Resource (PVR) engages in the management of coal and natural resource properties and the gathering and processing of natural gas in the U.S. Broadly, its operations are structured into three segments: coal and natural resource management contributing majority of the revenues, and natural gas midstream.

The company recorded total revenue of $253.5 million for the first quarter of 2011, up 22.8% from the year-ago period. Net income for the quarter was reported at $8.2 million, or 17 cents per share. During the quarter, coal royalty tons stood at 9.9 million as compared to 8.2 million, while average coal royalties were up 15.2% to $3.94 per ton. In the natural gas segment, daily throughput volumes surged 36.4% to 420 million cubic feet (MMcf/d).

The company recently announced the acquisition of a natural gas gathering system and processing facility in the Texas Panhandle area for $11.4 million. The acquired assets comprise of a 20 MMcf/d cryogenic processing facility and an approximate 15-mile gathering system in Lipscomb and Hemphill Counties, both connected to PVRs' existing Panhandle Systems and strategically located to supply active producers in the Granite Wash formation.

Quarterly cash distribution for the first quarter of 2011 was 48 cents per unit, representing a 2.1% increase from the first quarter of 2010 and fourth quarter of 2010. On an annual basis, cash distributed amounted to $1.92 per unit. The company has updated its 2011 guidance -- expects EBITDA to range from $230 to $240 million and distributable cash flow between $140 and $150 million.

Of the seven analysts covering the stock, 29% recommend a buy and 71% suggest a hold. A Bloomberg consensus projects an average 12-month price target of $30.50, about 25.2% higher than the stock's current price.

4 of 10

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
PVR $0.00 0.00%
JRCC $0.00 0.00%
ARLP $29.92 0.61%
CNX $28.06 -1.50%
CLD $5.86 -0.59%

Markets

DOW 18,009.74 -116.38 -0.64%
S&P 500 2,108.44 -12.35 -0.58%
NASDAQ 5,071.1060 -26.87 -0.53%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs