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Investment analysts at Howard Weil dropped their price objective on shares of Alpha Natural Resources (NYSE:ANR) from $7.00 to $5.00 in a note issued to investors on Monday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target would indicate a potential upside of 52.44% from the stock’s previous close.

Shares of Alpha Natural Resources (NYSE:ANR) opened at 3.19 on Monday. 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 $3.49 and its 200-day moving average is $4.58. The company’s market cap is $706.1 million.

Alpha Natural Resources (NYSE:ANR) last released its earnings data 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. Analysts expect that Alpha Natural Resources will post $-2.79 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on ANR. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Alpha Natural Resources in a research note on Monday, July 14th. They now have a $3.80 price target on the stock, down previously from $5.10. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Alpha Natural Resources in a research note on Monday, June 30th. They now have a $5.00 price target on the stock, down previously from $6.00. Finally, 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. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.68.

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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