Alpha Natural Resources Sees Unusually High Options Volume (ANR)
Shares of Alpha Natural Resources (NYSE:ANR) was the target of unusually large options trading on Wednesday. Stock investors acquired 22,231 call options on the stock, ARN reports. This represents an increase of 352% compared to the typical volume of 4,920 call options.
Several analysts have recently commented on the stock. Analysts at UBS AG downgraded shares of Alpha Natural Resources from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, October 18th. Separately, analysts at BMO Capital Markets downgraded shares of Alpha Natural Resources from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, October 18th. They now have a $4.00 price target on the stock, down previously from $5.00. Finally, analysts at Goldman Sachs Group Inc. upgraded shares of Alpha Natural Resources from a “sell” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $6.00 price target on the stock, up previously from $4.00. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. Alpha Natural Resources presently has an average rating of “Hold” and a consensus target price of $7.75.
Shares of Alpha Natural Resources (NYSE:ANR) opened at 6.53 on Thursday. 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 $5.9 and a 200-day moving average of $6.64. The company’s market cap is $1.443 billion.
Alpha Natural Resources (NYSE:ANR) last announced its earnings results on Friday, August 2nd. The company reported ($0.59) earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted ($0.33) earnings per share. The company’s revenue for the quarter was down 27.8% on a year-over-year basis. On average, analysts predict that Alpha Natural Resources will post $-2.48 earnings per share 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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