Lower Ratings Cause Coal Stocks To Fall
CNBC News reported that coal stocks including Arch Coal (NYSE:ACI) and Consol Energy (NYSE:CNX) fell due to slow demand and lower analyst ratings.
CNBC News reported that coal stocks including Arch Coal (NYSE:ACI) and Consol Energy (NYSE:CNX) fell due to slow demand and lower analyst ratings.
Reuters reported that Consol Energy (NYSE:CNX) dropped its production target and reported lower earnings than analysts has estimated.
Mining Weekly reported that Consol Energy (NYSE:CNX) met its planned production guidance of 15.7mt of coal in first quarter.
CONSOL Mining Inc. (NYSE:CNX) announced that its Virginia Buchanan Mine longwall mining unit will be idled due to increased inventories and decreased international demand for its metallurgical coal.
MarketWatch reported that Consol Energy (NYSE:CNX) profits were up 87% in fourth quarter.
The Globe and Mail reported that Consol Energy Inc.'s (NYSE:CNX) shares rose on the company's increased profits due to higher steel-making coal prices.
Reuters reported that Consol Energy Inc (NYSE:CNX) is expecting lower coal output in the coming fourth quarter.
CONSOL Energy Inc. (NYSE:CNX) announced that its new Vice President of Finance will be David M. Khani.
Reuters reported that Consol Energy (NYSE:CNX) expects to produce more coal in 2011 that it originally forecast.
Reuters reported that higher coal prices boosted profits for Consol Energy (NYSE:CNX).
Get our independent commentary on coal trends and companies delivered to your inbox.