Coal news and updates

US Coal Sector: Stock Market Update for Week Ended July 17

The SPDR S&P 500 ETF (SPY), a representative of the broader market, rose 2% last week. However, the Market Vectors Coal ETF (KOL) fell 2.4% as Walter Energy filed for bankruptcy and reports of natural gas surpassing coal’s market share in electricity generation made the rounds.

Peabody Energy (BTU) was the biggest loser with a 19.4% fall. The stock ended at $1.29 on Friday, July 17.

Consol Energy (CNX) fell 12.4% to $17.21 with a market capitalization of $3.9 billion. Weaker fuel prices have taken a toll on the company’s stock. Last week, the company announced the layoff of 10% of its workforce.

Natural Resources Partners (NRP), a coal MLP, fell 11.7%, while Cloud Peak Energy (CLD) fell 9.4%.

source: http://marketrealist.com