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Thursday's Energy Stocks: Peabody falls as coal stocks stumble out of March

Peabody EnergyCorp. fell 4.92% on light volume to finish at $2.32 on Thursday,March 31, after the company disclosedthat it has extended the closing deadline for its proposed sale of assets inNew Mexico and Colorado to BowieResource Partners LLC to allow more time to explore alternativepayment options.

Arch Coal Inc.shares gained 1.67% in weak trading to end at 31 cents on the over-the-countermarket, after the company said it is reducingstaff at its Black Thunder mine in Wyoming by about 15%, citing "persistentweakness in the thermal coal" market.

Among other coal stocks, Hallador Energy Co. fell 4.39% to settle at $4.57.Alliance Resource Partners LPclosed down 3.80% to $11.65, while shares of Alliance Holdings GP LP retreated 3.75% to $14.62.

The SNL Coal Index closed down 1.74% to 39.22.

From the midstream sector, shares shed 6.36% onbrisk volume to close the session at $18.84, after the partnership its public offering of2,500,000 common units to receive total gross proceeds of about $46 million.

PostRockEnergy Corp. climbed 11.76% to 19 cents, saw a rise of 7.69%to 98 cents in strong trading, and MPLXLP shares finished 6.95% higher at $29.69.

The SNL Midstream Energy Index went up 1.65% to 97.14.

Merchant generators finished higher as jumped 4.29% tofinish at $9.00 in light trading. DynegyInc. lifted 4.28% on below average volume to close at $14.37, andTerraForm Power Inc.earned 3.22% to $8.65. CalpineCorp. saw a 2.71% increase to settle at $15.17.

The SNL Merchant Generator Index rose 0.99% to 97.04.

May natural gas futures'early gains to a $2.028/MMBtu high were reversed as the market digested thelatest inventory data from the U.S. Energy Information Administration thatoutlined a neutral to slightly bullish withdrawal, and instead focused on thetotal working gas supply and expectations that this week's pull will be thelast of the season. The contract moved as low as $1.930/MMBtu and settled 3.7cents lower at $1.996/MMBtu.

The Dow Jones Industrial Average dipped 0.18% to 17,685.09and the S&P 500 dropped 0.20% to 2,059.74.

Market prices andindex values are current as of the time of publication and are subject tochange.