Alpha Natural Resources Sees Large Drop in Short Interest (ANR)
Shares of Alpha Natural Resources (NYSE:ANR) saw a large decline in short interest during the month of May. As of May 30th, there was short interest totalling 47,878,495 shares, a decline of 9.0% from the May 15th total of 52,641,085 shares, American Banking News reports. Approximately 22.1% of the shares of the stock are short sold. Based on an average trading volume of 10,817,031 shares, the short-interest ratio is presently 4.4 days.
ANR has been the subject of a number of recent research reports. 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. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Alpha Natural Resources currently has an average rating of “Hold” and an average target price of $7.48.
Alpha Natural Resources (NYSE:ANR) opened at 3.85 on Tuesday. 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 $3.83 and its 200-day moving average is $4.97. The company’s market cap is $852.2 million.
Alpha Natural Resources (NYSE:ANR) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.07 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.47) earnings per share. The company’s revenue for the quarter 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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