Alpha Natural Resources PT Lowered to $6.00 (ANR)
Barclays reduced their price objective on shares of Alpha Natural Resources (NYSE:ANR) from $7.00 to $6.00 in a research note issued on Thursday, AnalystRatings.Net reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential upside of 14.29% from the company’s current price.
A number of other firms have also recently commented on ANR. Analysts at Jefferies Group cut their EPS estimates on shares of Alpha Natural Resources in a research note on Thursday. They now have a “buy” rating and a $7.50 price target on the stock. Separately, analysts at Macquarie upgraded shares of Alpha Natural Resources from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $6.00 price target on the stock, up previously from $5.00. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Alpha Natural Resources in a research note on Thursday. They set a “neutral” rating on the stock. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $7.43.
Alpha Natural Resources (NYSE:ANR) traded up 2.08% during mid-day trading on Thursday, hitting $5.165. The stock had a trading volume of 9,032,379 shares. Alpha Natural Resources has a 52-week low of $4.78 and a 52-week high of $9.90. The stock has a 50-day moving average of $6.09 and a 200-day moving average of $6.34. The company’s market cap is $1.141 billion. Alpha Natural Resources also saw some unusual options trading on Tuesday. Investors bought 7,874 put options on the stock. This is an increase of approximately 192% compared to the typical daily volume of 2,694 put options.
Alpha Natural Resources (NYSE:ANR) last posted its quarterly earnings results on Tuesday, February 11th. The company reported ($0.52) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.62) by $0.10. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was down 29.8% on a year-over-year basis. Analysts expect that Alpha Natural Resources will post $-2.05 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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