Alpha Natural Resources (ANR) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS
Alpha Natural Resources (NYSE:ANR) announced its earnings results on Wednesday. The company reported ($0.56) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.74) by $0.18, AmericanBankingNews.com reports. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion.
Alpha Natural Resources (NYSE:ANR) opened at 3.42 on Wednesday. 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 $3.47 and its 200-day moving average is $4.28. The company’s market cap is $757.0 million.
A number of analysts have recently weighed in on ANR shares. Analysts at Howard Weil cut their price target on shares of Alpha Natural Resources from $7.00 to $5.00 in a research note on Monday, July 21st. They now have a “sector outperform” rating on the stock. On the ratings front, 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. Finally, 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. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.55.
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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