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  Consolidated Investment Analysis for Massey Energy  (NYSE:MEE) 

Massey Energy Company is a coal producer in the United States. It produces processes and sells bituminous coal of various steam and metallurgical grades, primarily of low sulfur content, through the 23 processing and shipping centers (Resource Groups). At January 31, 2010, the Company operated 56 mines, including 42 underground mines (two of which employ both room and pillar and longwall mining) and 14 surface mines (with 12 highwall miners in operation) in West Virginia, Kentucky and Virginia. The Company produces coal using four mining methods: underground room and pillar, underground longwall, surface and highwall mining. In April 2010, the Company completed its acquisition of Cumberland Resources Corporation.  Share Statistics  Symbol      Current Price    52wk Range    Avg Vol (3m)   

MEE    52.45    25.85‐ 54.80  4,873,290 

EPS    Market Cap  52wk Change  P/E (ttm) 

‐0.77  5.36B  27.46%  N/A 

Financial Summary 

On October 26, 2010, Massey Energy Co reported 3rd quarter 2010 losses of 0.33 per share. This result under-performed the -0.17 loss expectation of the 19 analysts following the company but under-performed last year's 3rd quarter results by -0.52. The next earnings announcement is expected on January 31, 2011. Massey Energy Co reported annual 2009 earnings of 1.22 per share on February 03, 2010. The next earnings announcement from Massey Energy Co is expected the week of January 31, 2011. MEE had 3rd quarter 2010 revenues of 810.20m. This missed the 812.10m consensus estimate of the 6 analysts following the company. This was 0.01% above the prior year's 3rd quarter results. MEE had revenues for the full year 2009 of 2.69bn. This was -9.99% below the prior year's results. Analyst Consensus 


Buy

Outperform

Hold

Underperform

Sell

No Opinion

This is the consensus forecast amongst 21 polled investment analysts. Analyst Detail

Buy

Outperform

Hold

Underperform

Sell

No Opinion

Latest

6

3

11

1

0

0

4 weeks ago

6

3

11

1

0

0

2 months ago

7

3

11

0

0

0

3 months ago

7

3

11

0

0

0

Last year

6

5

9

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0

0

The 17 analysts offering 12 month price targets for Massey Energy Co (MEE:NYQ) have a median target of 50.00, with a high estimate of 60.00 and a low estimate of 31.00. The median estimate represents a -3.49% decrease from the last price of 51.81. Technical Analysis Chart 

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MEE