Alpha Natural Resources Sees Significant Growth in Short Interest (ANR)
Alpha Natural Resources (NYSE:ANR) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 58,941,037 shares, an increase of 5.8% from the April 15th total of 55,713,339 shares, AR Network reports. Based on an average trading volume of 15,406,601 shares, the days-to-cover ratio is currently 3.8 days. Approximately 27.2% of the company’s stock are sold short.
ANR has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Alpha Natural Resources in a research note on Monday, May 12th. They now have a $19.00 price target on the stock, up previously from $13.00. Separately, analysts at Barclays cut their price target on shares of Alpha Natural Resources from $6.00 to $5.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of Alpha Natural Resources from $4.00 to $3.50 in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating to the company. Alpha Natural Resources has a consensus rating of “Hold” and an average target price of $7.32.
Alpha Natural Resources (NYSE:ANR) opened at 3.96 on Thursday. Alpha Natural Resources has a 52-week low of $3.85 and a 52-week high of $8.30. The stock has a 50-day moving average of $4.37 and a 200-day moving average of $5.60. The company’s market cap is $876.5 million.
Alpha Natural Resources (NYSE:ANR) last announced its earnings results on Thursday, May 1st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.58) by $0.65. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted ($0.47) earnings per share. Alpha Natural Resources’s revenue was down 16.6% compared to the same quarter last year. On average, analysts predict that Alpha Natural Resources will post $-2.82 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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