Alpha Natural Resources (ANR) Posts Quarterly Earnings Results, Beats Expectations By $0.16 EPS
Alpha Natural Resources (NYSE:ANR) posted its quarterly earnings results on Thursday. The company reported ($0.61) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.77) by $0.16, Stock Ratings Network.com reports. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was down 27.1% on a year-over-year basis.
Shares of Alpha Natural Resources (NYSE:ANR) traded up 5.79% during mid-day trading on Thursday, hitting $7.13. 10,064,352 shares of the company’s stock traded hands. Alpha Natural Resources has a 52-week low of $4.78 and a 52-week high of $10.74. The stock has a 50-day moving average of $6.16 and a 200-day moving average of $6.19. The company’s market cap is $1.575 billion.
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. On the ratings front, 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 given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $7.75.
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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