| Cloud Peak Energy’s Stock Performance in 2Q15 and 1H15 | |
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Cloud Peak Energy's 2Q15 Earnings Confirm Its Strong Position (Continued from Prior Part) Stock performance
Even after being one of the better-managed companies among American coal producers (KOL), Cloud Peak Energy (CLD) has seen its stock price dwindle amid the industry’s chaos. CLD’s stock price dropped 20% in 2Q15 to $4.66. The stock lost almost half its value in 1H15 despite a Republican majority in congress at the end of 2014 bringing some rays of hope to American coal producers. The Supreme Court refused to accept a major regulation against coal-fired power plants on June 30, 2015. However, CLD’s stock lost 32% in July 2015 and closed at $3.18 on July 31 amid industrywide concerns.
Peer performance
Alpha Natural Resources (ANRZ), Arch Coal (ACI), and Walter Energy (WLT) traded in the penny stock zone for most of 2Q15. While ANRZ and WLTG’s trading is suspended by the NYSE, Arch Coal (ACI) recently announced a reverse stock split to prop up its stock prices and stay listed on the exchange. Walter Energy filed for bankruptcy on July 15, and Alpha Natural Resources (ANRZ) filed for bankruptcy on August 3, 2015.
Peabody Energy’s (BTU) shares lost 55% in 2Q15 as metallurgical coal prices and demand continued to dwindle. Consol Energy (CNX) lost 22% to end the quarter at $21.74 as weak natural gas prices weighed heavily on the stock. Even the better-off coal MLPs like Alliance Resource Partners (ARLP) and Natural Resource Partners (NRP) lost heavily during the quarter. The Market Vectors Coal ETF (KOL), which invests 30% of its holdings in American coal producers, lost 14% during the quarter.
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Arch Coal Inc
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PRODUCER |
CODE : ACI |
ISIN : US0393801008 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Arch Coal is a coal producing company based in United states of america. Arch Coal holds various exploration projects in USA. Its main assets in production are WEST ELK, BLACK THUNDER and JACOB'S RANCH in USA and its main asset in development is SPRUCE N° 1 in USA. Arch Coal is listed in Germany and in United States of America. Its market capitalisation is US$ 366 000 as of today (€ 317 981). Its stock quote reached its highest recent level on June 27, 2003 at US$ 99.96, and its lowest recent point on October 04, 2018 at US$ 0.01. Arch Coal has 36 600 000 shares outstanding. |