Peabody Energy News

Top 5 Companies in the Coal & Consumable Fuels Industry With the Lowest Future Earnings Growth May 31, 2012 News Watch via COMTEX) -- Below are the three companies in the Coal & Consumable Fuels industry with the lowest future earnings growth.

Peabody Energy was upgraded today by Goldman Sachs to buy from neutral with a price target of $37 due to improving macro data in China, and the fact that the company is leveraged to higher Powder River Basin coal prices.

U.S. coal giant Peabody Energy said it will increase seaborne export coal volumes at its Wilpinjong and Millennium mines in Australia by 3 million tonnes to 5 million tonnes after expanding both operations.

Reuters News reported LG International has actually made a bid on the coal mine asset last April, quoting an unidentified LG International spokesperson.

The Market Vectors Coal ETF gets a boost Tuesday after Goldman Sachs' energy analysts came out swinging for the sector this morning.

Pat Sollars is a coal worker with Peabody Energy. He says, "It's important that our nation understands how vital that resources is to our country." Three coal mines surround the rural city, and some put work on hold so hundreds of employees could hear the presidential candidate talk about their industry.

U.S. stocks advanced, following the first weekly gain since April in the Standard & Poor's 500 Index, as a report showed the American housing market is stabilizing and investors awaited consumer confidence data.

Apple Inc. : RBC Capital expects Apple to generate significant EPS and revenue growth over the next several years.

Shares of Peabody Energy rose 5%, or $1.20, to $25.08. The stock was upgraded to buy from neutral by Goldman Sachs analysts on Monday with a price target of $37. "We raise BTU to Buy for three reasons: Improving China macro data and Newcastle thermal prices should drive greater Street credit for BTU's Australia business .

Patriot Coal Corp. has named a new chief executive, Irl F. Engelhardt, to replace Richard M. Whiting as the company struggles to maintain its financial footing in a challenging market for coal.

This past Wednesday I got curious and decided to analyze several stocks in the coal sector in terms of their insolvency risk.

A warm winter, stricter regulations, and an increasing number of power plant switching to natural gas from coal have all been contributing factors to coal's slide.

Recon Technology shares shoot over the moon following word that it signed a $3 million contract to provide China National Petroleum with Emerson PCS & SIS systems in its South Yolotan Gas Field Project in Turkmenistan.

Given the ongoing panic in coal shares, I decided to do a series which will look at several coal stocks using the Altman Z-score. The purpose will be to get a feel for the relative risk of each coal stock.

Peabody Energy announced today that workers at its Wambo and Wilpinjong Mines in New South Wales have recently approved new labor agreements.

Things are really going to worse from bad for the Market Vectors Coal ETF , the dominant exchange-traded product devoted to coal stocks, this year.

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Stocks appear to be headed south this afternoon , as a week-long downtrend and continued anxieties from the euro zone are outweighing Facebook's impressive IPO action.

BTU ) dropped today, hitting and then dropping past its previous 52-week low to $23.87. The stock price has fallen 4.3% with a volume of 6.2 million.

Peabody Energy Submits Successful Bid For 402 Million Tons Of Ultra Low Sulfur Coal Reserves At North Antelope Rochelle Mine St.