Coal Stocks Moving Higher
Get Alerts NSC Hot Sheet
Price: $236.22 -3.6%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: -3.2%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.3%
Revenue Growth %: -3.2%
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Coal stock are moving up early Thursday dispute a move higher in natural gas after inventory data.
It is not clear what is driving the move in the coal stocks but there are a couple items to consider.
Around the sector:
It is not clear what is driving the move in the coal stocks but there are a couple items to consider.
- Coal demand has been weak for eastern railroads, according to Barclays which downgraded Norfolk Southern (NYSE: NSC) today because of this. Although they see solid demand and relatively stable western coal dynamics.
- There were some earlier rumors of a takeover in the space, with none other than Warren Buffett named as a possible suitor. Peabody Energy was the rumored target.
Around the sector:
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