Wall Street Fundamentals Releases New In-Depth Stock Reports on CLD, CNX, WLT and YZC
Domestic coal demand has seen a sharp decline over the past few years as utilities across the U.S. have switched to cheaper/cleaner natural gas. Despite the sharp drop in domestic demand, foreign demand for coal has continued to grow. In 2012, the U.S. exported a record of more than 124 million tons of coal, topping the previous record set in 1981 of 112.5 million tons. At a recent investor presentation, Peabody Energy stated they expect global coal demand to increase by 4 percent in 2013, driven by a 13 percent growth from China and India combined.
Cloud Peak Energy Inc. (NYSE: CLD) shares traded in the range of $17.30 to $18.21 Friday before settling to close at $17.66, a decrease of 2.75 percent. The stock appears to be facing have resistance at the $18.16 and $18.60 levels. The company reported a net income of $15.4 million for the first quarter of 2013, compared to a net income of $26.6 million in the year ago quarter. Cloud Peak Energy has fallen approximately 8.6 percent in 2013.
More information on Cloud Peak Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CLD
CONSOL Energy Inc. (NYSE: CNX) shares traded in the range of $31.30 to $32.55 Friday before settling to close at $31.95, a decrease of $1.51 percent. The stock appears to be facing resistance at the $32.49 and $32.76 levels. The company reported a net loss of $2.0 million for the first quarter of 2013, compared to a net income of $97 million in the year ago quarter. CONSOL Energy has fallen approximately 0.5 percent in 2013.
More information on CONSOL Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CNX
Walter Energy, Inc. (NYSE: WLT) shares traded in the range of $11.76 to $15.16 Friday before settling to close at $12.13, a decrease of 17.43 percent. The company has announced that it will not proceed with the refinancing of a portion of its existing debt. The stock hit a low of $11.76 after the announcement, its lowest since December 2008. Shares of Walter Energy have fallen approximately 66 percent in 2013.
More information on Walter Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WLT
Yanzhou Coal Mining Co Ltd. (NYSE: YZC) shares traded in the range of $8.48 to $8.84 Friday before settling to close at $8.50, a decrease of 5.45 percent. The stock appears to be facing stiff resistance at $10.48. The company reported a net profit attributable to the shareholders of RMB 480.6 million, a decrease of 77.5 percent year-over-year. Shares of Yanzhou Coal Mining have gained approximately 50.2 percent in 2013.
More information on Yanzhou Coal Mining and access to the free equity report can be found at:
www.WallStreetFundamentals.com/YZC
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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