Alpha Natural Resources Given Average Rating of “Hold” by Brokerages (NYSE:ANR)
Alpha Natural Resources (NYSE:ANR) has received an average recommendation of “Hold” from the nineteen analysts that are presently covering the stock, AnalystRatings.Net reports. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.23.
A number of research firms have recently commented on ANR. Analysts at Jefferies Group cut their price target on shares of Alpha Natural Resources from $4.50 to $3.25 in a research note on Wednesday, June 4th. They now have a “hold” rating on the stock. Separately, analysts at Citigroup Inc. upgraded shares of Alpha Natural Resources from a “sell” rating to a “neutral” rating in a research note on Tuesday, June 3rd. Finally, 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.
Shares of Alpha Natural Resources (NYSE:ANR) traded up 0.79% during mid-day trading on Friday, hitting $3.7999. The stock had a trading volume of 1,421,468 shares. Alpha Natural Resources has a 52-week low of $3.10 and a 52-week high of $8.30. The stock’s 50-day moving average is $3.87 and its 200-day moving average is $5.04. The company’s market cap is $841.1 million. Alpha Natural Resources also saw a large decrease in short interest in the month of May. As of May 30th, there was short interest totalling 47,878,495 shares, a decrease of 9.0% from the May 15th total of 52,641,085 shares. Currently, 22.1% of the company’s shares are short sold. Based on an average trading volume of 10,817,031 shares, the days-to-cover ratio is presently 4.4 days.
Alpha Natural Resources (NYSE:ANR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.47) earnings per share. The company’s quarterly revenue was down 16.6% on a year-over-year basis. On average, analysts predict that Alpha Natural Resources will post $-2.80 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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