Nomura Securities Starts Patriot Coal (PCX) at Reduce
Tweet
Share
E-mailGet Alerts PCX Hot Sheet
Price: $10.20 --0%
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 9
Rating Summary:
1 Buy, 8 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 8 | New: 9
Join SI Premium – FREE
Nomura Securities initiates coverage on Patriot Coal (NYSE: PCX) with a Reduce. PT $6.00.
Analyst, Curt Woodworth, said, "There is more downside risk to PCX shares, as continued cost inflation pressure in CAPP, coupled with significant price pressure in the lower quality met coal spectrum, cause earnings to fall short of Street estimates for 2012 and 2013. FY12E/13E revenues $2290m / $2433m; 2012E/2013E EPS ($1.50) / ($2.75), well beneath consensus loss estimates of ($ 1.37) and ($0.83), respectively."
For an analyst ratings summary and ratings history on Patriot Coal click here. For more ratings news on Patriot Coal click here.
Shares of Patriot Coal closed at $7.24 yesterday.
Analyst, Curt Woodworth, said, "There is more downside risk to PCX shares, as continued cost inflation pressure in CAPP, coupled with significant price pressure in the lower quality met coal spectrum, cause earnings to fall short of Street estimates for 2012 and 2013. FY12E/13E revenues $2290m / $2433m; 2012E/2013E EPS ($1.50) / ($2.75), well beneath consensus loss estimates of ($ 1.37) and ($0.83), respectively."
For an analyst ratings summary and ratings history on Patriot Coal click here. For more ratings news on Patriot Coal click here.
Shares of Patriot Coal closed at $7.24 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Starts Bajaj Housing Finance (BAJAJHFL:IN) at Hold
- Futu Holdings Limited (FUTU) Tops Q2 EPS by 23c
- Ocean Power Technologies revises fiscal 2026 results after audit
Create E-mail Alert Related Categories
New CoverageRelated Entities
Nomura, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
