Alpha Natural Resources Target of Unusually High Options Trading (ANR)
Shares of Alpha Natural Resources (NYSE:ANR) saw unusually large options trading on Monday. Stock investors bought 9,395 put options on the stock, StockRatingsNetwork reports. This is an increase of approximately 104% compared to the typical volume of 4,605 put options.
ANR has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Alpha Natural Resources (NYSE:ANR) in a research note to investors on Friday. They set an “underperform” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Alpha Natural Resources (NYSE:ANR) from $13.00 to $8.00 in a research note to investors on Monday, August 5th. Finally, analysts at Howard Weil cut their price target on shares of Alpha Natural Resources (NYSE:ANR) from $8.00 to $7.00 in a research note to investors on Monday, August 5th. They now have a “sector outperform” rating on the stock.
Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.39.
Alpha Natural Resources (NYSE:ANR) traded up 2.88% during mid-day trading on Tuesday, hitting $6.7901. 2,030,762 shares of the company’s stock traded hands. Alpha Natural Resources has a 1-year low of $4.78 and a 1-year high of $10.74. The stock has a 50-day moving average of $5.82 and a 200-day moving average of $6.67. The company’s market cap is $1.500 billion.
Alpha Natural Resources (NYSE:ANR) last released its earnings data on Friday, August 2nd. The company reported ($0.59) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.59). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted ($0.33) earnings per share. Alpha Natural Resources’s revenue was down 27.8% compared to the same quarter last year. Analysts expect that Alpha Natural Resources will post $-2.50 EPS for the current fiscal year.
Alpha Natural Resources, Inc (NYSE:ANR) is a supplier and exporter of metallurgical coals for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries, as well as a exporter of thermal coal.
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