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Walter Energy Sees Only Gains among Coal Stocks on April 21

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Coal ETF drops

The VanEck Vectors Coal ETF (KOL) that represents the coal industry fell 1.3% on April 21, as global coal stocks fell. US coal producer stocks account for about 33% of the ETFs total holdings.

The broad-based SPDR S&P 500 ETF Trust (SPY) dropped by 0.1% the same day.

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Walter Energy

Out of the nine American coal stocks that we track, only Walter Energy (WLT) gained 0.5% on April 21. As a penny stock, however, 0.5% didn’t move the stock up by even a cent. It closed at 58 cents on the day. Walter Energy (WLT) is a pure-play metallurgical coal producer. Met coal is used in steelmaking. WLT has been the biggest loser among coal stocks since the start of 2014.

Major losers

All other major coal stocks dropped on April 21:

  • Alpha Natural Resources (ANR) closed down 5.9% to 85 cents with a market capitalization of just over $189 million.
  • Arch Coal (ACI), which published its 1Q2015 earnings on April 21, dropped 5.7% and ended at $1. Arch Coal posted wider than expected net losses and narrowed shipment guidance for fiscal 2015. Look for Arch Coal’s 1Q2015 earnings in a separate series.
  • Peabody Energy (BTU) dropped 5.5% to $4.81 with a market capitalization of around $1.3 billion.
  • Cloud Peak Energy (CLD) lost 4.7% to end the day at $5.93 with a market capitalization of $362 million.
  • Other coal producers, including Alliance Resource Partners (ARLP) and Natural Resource Partners (NRP, fell too.
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