The recent surge in natural gas prices could cause utilities to make the switch back to coal. According the U.S. Energy Information Administration coals share of power generation in the U.S. could reach 40.3 percent, while natural gas generation could fall to 27.0 percent. In 2012, Coal’s share of electricity generation hit a record low of 37.0 percent, as natural gas prices hit a 10-year low of $1.902. Natural gas prices have since recovered to $4.661 per million British thermal units. Here is how some coal stocks reacted Thursday:
Peabody Energy Corporation (NYSE: BTU) shares traded in the range of $17.22 to $17.71 Thursday before settling to close at $17.63, an increase of 2.44 percent. The stock appears to be facing some resistance at the $17.84 and $18.21 levels with some support at $17.35 and $16.93. Shares of Peabody Energy have fallen approximately 10.0 percent year-to-date.
More information on Peabody Energy and access to the free equity report can be found at:
Cloud Peak Energy Inc. (NYSE: CLD) shares traded in the range of $19.33 to $19.74 Thursday before settling to close at $19.61, an increase of 1.19 percent. The stock appears to be facing some resistance at $19.89 with some support at the $19.35 and $18.89 levels. Shares of Cloud Peak Energy have gained approximately 9.0 percent year-to-date.
More information on Cloud Peak Energy and access to the free equity report can be found at:
CONSOL Energy Inc. (NYSE: CNX) shares traded in the range of $39.84 to $40.69 Thursday before settling to close at $40.64, an increase of 2.08 percent. The stock appears to have some support at the $40.24, $38.89 and $38.44 levels. Shares of CONSOL Energy have gained approximately 7.0 percent year-to-date.
More information on CONSOL Energy and access to the free equity report can be found at:
Natural Resource Partners LP (NYSE: NRP) shares traded in the range of $15.28 to $15.50 Thursday before settling to close at $15.35, an increase of 0.07 percent. The stock appears to be facing some resistance at the $15.77 and $18.27 levels with some support at $15.24. Shares of Natural Resource Partners have fallen approximately 23.0 percent year-to-date.
More information on Natural Resource Partners and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
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.
Wall Street Fundamentals
Email: [email protected]