Analysts Sees Positive Trend in Coal Inventory (ACI) (ANR)

Analyst Lucas Pipes of Brean Capital put out a note today discussing coal inventory. The report cited data from Energy Venture Analysis which recently released coal burn and inventory data through the end of April. In Pipes' view, results were encouraging and suggest improvements in trend.

"Coal stockpiles across the U.S. were 171.5 million tons at the end of April, according to EVA, after a small reduction of 0.3 million tons over the course of the month. Over the last five years, end of April inventories averaged 179.2 million tons, so current inventories have already fallen below this norm. Importantly, April usually sees a 9.5 million ton MoM inventory build on average, so the trend continues to go clearly in the right direction by holding steady during April," said Pipes.

While specific stocks were not mentioned in Brean's note, related stocks include Arch Coal Inc. (NYSE: ACI), Alpha Natural Resources, Inc. (NYSE: ANR), among others. Brean Capital has a Hold rating on Arch Coal Inc.

For an analyst ratings summary and ratings history on Arch Coal Inc (NYSE: ACI)click here. For more ratings news on Arch Coal Inc click here.

Shares of Arch Coal Inc closed at $5.33 yesterday.

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