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Alpha Natural Resources (NYSE:ANR) saw an uptick in trading volume on Wednesday after the company announced better than expected quarterly earnings, Analyst Ratings Net reports. 12,601,458 shares were traded during trading, an increase of 75% from the previous session’s volume of 7,189,740 shares.The stock last traded at $3.58 and had previously closed at $3.42.

The company reported ($0.56) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.74) by $0.18. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was down 21.0% on a year-over-year basis.

ANR has been the subject of a number of recent research reports. 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. Separately, 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 equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.55.

The stock has a 50-day moving average of $3.47 and a 200-day moving average of $4.28. The company’s market cap is $819.0 million.

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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