Arch Coal (ACI) and Other Coal Stocks (KOL) Burnt
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Price: $12.48 +0.16%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.9%
EPS Growth %: -22.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.9%
EPS Growth %: -22.7%
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Shares of Arch Coal, Inc (NYSE: ACI) are down again today, extending a decline that began last month when it reported weak earns due to a decline in coal prices. The stock is down over 50 percent this year, with 8 percent of that move taking place today.
Other coals stocks are also feeling the pressure too, as Market Vectors Coal ETF (NYSE: KOL), an ETF that tracks equities with exposure to coal getting hit by 3 percent.
The EIA stated recently coal's share of power plant consumption fell 20 percent in March, confirming industry trends that suggest that the lower price of natural gas is prompting utilities to switch from coal to the cleaner burning, cheaper gas.
Other coals stocks are also feeling the pressure too, as Market Vectors Coal ETF (NYSE: KOL), an ETF that tracks equities with exposure to coal getting hit by 3 percent.
The EIA stated recently coal's share of power plant consumption fell 20 percent in March, confirming industry trends that suggest that the lower price of natural gas is prompting utilities to switch from coal to the cleaner burning, cheaper gas.
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