Alpha Natural Resources PT Raised to $7.00 at Barclays (ANR)
Investment analysts at Barclays raised their price objective on shares of Alpha Natural Resources (NYSE:ANR) from $5.00 to $7.00 in a note issued to investors on Friday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock.
Alpha Natural Resources (NYSE:ANR) traded up 7.54% on Friday, hitting $7.5275. The stock had a trading volume of 17,203,236 shares. Alpha Natural Resources has a one year low of $4.78 and a one year high of $10.74. The stock’s 50-day moving average is $6.17 and its 200-day moving average is $6.1. The company’s market cap is $1.663 billion. Alpha Natural Resources also was the target of some unusual options trading on Thursday. Investors purchased 16,242 call options on the company. This represents an increase of 144% compared to the average volume of 6,649 call options.
Alpha Natural Resources (NYSE:ANR) last announced its earnings results on Thursday, October 31st. The company reported ($0.61) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.77) by $0.16. 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. Analysts expect that Alpha Natural Resources will post $-2.49 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a “market perform” rating on shares of Alpha Natural Resources in a research note to investors on Friday. They now have a $14.00 price target on the stock, up previously from $7.00. Separately, analysts at Raymond James upgraded shares of Alpha Natural Resources from an “underperform” rating to a “market perform” rating in a research note to investors on Friday. Finally, 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. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.09.
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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