1. Patriot Coal ( PCX) is a producer of coal and metallurgical coal in Eastern U.S. and has its operations and coal reserves in the Appalachia and the Illinois Basin. The company's operations constitute 14 mining complexes including company-operated mines, contractor-operated mines, and coal preparation facilities. Patriot Coal ships coal to electric utilities, industrial users, and metallurgical coal customers. For the first quarter of 2011, the company recorded net revenue of $577 million, up 23.5% from the prior year's same period, as sales increased 4.8% to 7,962 from 7,595. Average sales price per ton rose to $71.64 from $61.12. However, higher costs and expenses dragged the company's bottom-line into red as it reported a net loss of $15.3 million or 17 cents per share, compared to an income of $4.3 million or 5 cents per share in the first quarter of 2010. Lastly, the company ended the quarter with cash and cash equivalents of $241.3 million, up 25% quarter-over-quarter. For full year 2011, Patriot anticipate sales volume in the range of 30 to 32 million tons, including metallurgical coal sales of 8-8.4 million tons. Also, it expects 2011 cost per ton in the range of $63 to $67 for the Appalachia segment and $40-$43 for the Illinois Basin segment. Of the 17 analysts covering the stock, 41% recommend a buy and 41% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 44.6% to $30.10 in the upcoming 12 months.