Seeking Alpha
 

Patriot Coal Corp. (PCXCQ)

- OTCQB
PCXCQ is defunct.
  • Mar. 19, 2012, 3:39 PM
    SunCoke Energy (SXC +7.3%) shares are raised to Conviction Buy from Neutral at Goldman Sachs, which says SXC has a stable business in metallurgical coke used in steelmaking. Coal producer Patriot Coal (PCX +1.5%) is boosted to Neutral from Sell, Consol Energy (CNX +3.1%) is reiterated as a Buy, and Arch Coal (ACI -0.2%) is cut to Sell.
    | Comment!
  • Mar. 16, 2012, 2:08 PM
    Coal stocks (KOL +1.4%) trade higher, helped in part by excitement stirred up by chatter tipping off that Warren Buffett is kicking the tires of several names in the sector. Leading the charge: BTU +5.5%, PCX +10.1%, ANR +6.3%, JRCC +4.1%, WLT +2.6%.
    | 3 Comments
  • Mar. 15, 2012, 10:24 AM
    Shares of coal companies outperform as a group after economic data and M&A chatter helps take a bit of the stink off the sector. Gainers: ACI +4.7%, PCX +4.6%, BTU +3.7%, ANR +4.4%.
    | Comment!
  • Mar. 2, 2012, 3:28 PM
    Nomura comes out bearish on the U.S. coal sector, expecting "severe volume and price compression in lower-quality crossover coking coal during 2012, which should result in significant earnings declines as higher-priced contracts roll off." ACI -3.4% and PCX -4.7%, with significant exposure to this market, are labeled "high-conviction short ideas." Also lower: BTU -6%, ANR -5.5%, CNX -3.3%.
    | 3 Comments
  • Feb. 10, 2012, 4:37 PM
    Coal companies tumbled after Arch Coal (ACI -7.6%) reported Q4 profit rose 48% on higher sales prices and revenue, but CEO Steven Leer said the company will reduce its planned production volumes "to better align with weak generation and coal demand trends." CLD -7.4%, PCX -6.7%, ANR -6.1%, BTU -3.4%.
    | 4 Comments
  • Feb. 8, 2012, 10:18 AM
    Coal stocks are running hot off of investor sentiment that a host of production cuts could lead to higher prices. Patriot Coal (PCX) is the leader of the pack with an outperforming 7.3% rally, while JRCC, WLB, and ANR are all chipping in with solid gains of their own. The coal ETF (KOL) is up 1.5%.
    | Comment!
  • Feb. 2, 2012, 9:00 AM
    Premarket gainers: GMCR +21%. CEDC +21%. MTSN +15%. OMEX +10%. GPS +8%. CNQR +6%. EA +6%. CDNS +6%. QCOM +5%. ELGX +5%. GFA +5%. AUO +4%. KSS +4%. ZNGA +4%. IRE +4%. CMI +3%. K +3%. CPST +3%. JDSU +3%. MA +3%. RENN +3%.
    Losers: SD -13%. ANF -12%. ANN -10%. NG -9%. BSX -6%. CI -6%. RCL -6%. UN -5%. MPW +4%. VIA -4%. UL -4%. CHKM -4%. SNE -4%. PCX -4%. PHM -3%. DOW -3%. ANZ -3%. CUK -3%. CCL -3%. NBG -3%.
    | Comment!
  • Feb. 2, 2012, 6:49 AM
    Patriot Coal (PCX): Q4 EPS of -$0.42 misses by $0.12. Revenue of $603.9M (+14.4% Y/Y) misses by $40M. (PR)
    | Comment!
  • Jan. 23, 2012, 2:37 PM
    Higher natural gas prices help prop up shares of Patriot Coal (PCX +8.9%) and take the sting off the news that S&P placed the company on credit watch for a possible downgrade. Other coal names advancing off of spiking gas prices: JRCC +6.6%, ANR +4.6%, CNX +4.7%.
    | Comment!
  • Jan. 18, 2012, 9:10 AM
    Premarket gainers: UEPS +31%. CVM +16%. CBRX +16%. KUTV +11%. LLTC +8%. ZLTQ +7%. NBG +7%. WFR +5%. ING +4%. FRO +4%. HEK +3%. STM +3%. YHOO +3%. OMX +3%.
    Losers: PSLV -10%. RIMM -6%. PCX -5%. CREE -4%. FAST -4%. BK -3%. BGLS -3%. GEN -3%.
    | Comment!
  • Jan. 13, 2012, 10:13 AM
    Patriot Coal's (PCX -6.8%) warning triggers a broader selloff in coal stocks. ANR -7.6%. BTU -3.3%. CNX -3.8%. JRCC -7.6%. ACI -6.9%. The fact the warning was related to the production of high-end coal used for steelmaking is likely to raise fears of slowing global industrial output.
    | Comment!
  • Jan. 13, 2012, 9:25 AM
    Premarket gainers: GGC +36%. RDN +7%. APOG +4%. SAP +3%.
    Losers: EK -20%. DMND -9%. SFLY -8%. PCX -8%. SGEN -6%. JASO -6%. TSL -5%. GFA -4%. JPM -4%. BAC -4%. ALU -4%. VOD -4%. CPNO -4%. VMW -4%. MS -4%. C -4%. ANR -4%. HOV -3%. YGE -3%. TS -3%. RCL -3%. BUD -3%. RF -3%.
    | Comment!
  • Jan. 13, 2012, 9:06 AM
    Patriot Coal (PCX) -6.6% premarket after saying it will cut production of metallurgical coal used to make steel due to weakening demand. PCX will idle some mines at its southern West Virginia operations, but did not say if it would lay off any workers. More details will be provided when it releases Q4 results on Jan. 31.
    | Comment!
  • Jan. 3, 2012, 11:22 AM
    Shares of Peabody (BTU +9.2%) and Alpha Natural (ANR +8.1%) rally after a U.S. court ruled late Friday the EPA must delay implementing its Cross-State Air Pollution Rule. Brean Murray analysts say the ruling marks the "first positive event for domestic thermal coal producers in quite a while," although the threat of the air pollution rule "still looms later this year." PCX +7.4%, JRCC +7.8%.
    | Comment!
  • Jan. 3, 2012, 9:00 AM
    Premarket gainers: RMBS +11%. NOK +8%. MT +8%. PCX +6%. TS +6%. ALU +6%. LOGI +6%. BHP +5%. BAK +5%. MU +5%. VALE +5%. RIO +5%. TEVA +5%. ANR +4%. MJN +4%. GOLL+4 INFY +4%. BTU +4%. FRO +4%. X +4%. ABB +4%. GMCR +4%. MPEL +4%. RAM +4%. FCX +4%. BCS +4%. FTK +4%. CHK +4%. MS +4%. DRYS +4%. CTIC +4%. IBN +4%. AKS +3%. ACI +3%. GGGB +3%. ECA +3%.
    Losers: AVEO -8%. MTG -7%. MO -4%. AMR -3%. NBG -3%.
    | Comment!
  • Nov. 30, 2011, 9:59 AM
    Coal stocks are soaring on word that the world's central banks are playing together nicely. Double-digit gainers include PCX +14.2%, JRCC +13.5%, ANR +12%, and CNX +10% - while the Market Vectors Coal ETF (KOL) checks in at +7.2%.
    | Comment!
Visit Seeking Alpha's
Company Description
We are a leading producer of thermal coal in the eastern United States (U.S.), with operations and coal reserves in Appalachia and the Illinois Basin. We are also a leading U.S. producer of metallurgical quality coal. Our principal business is the mining, preparation and sale of thermal coal,... More