Alpha Natural Resources Short Interest Up 6.7% in July (ANR)
Shares of Alpha Natural Resources (NYSE:ANR) were the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 56,997,366 shares, an increase of 6.7% from the July 15th total of 53,431,527 shares, AR Network reports. Based on an average daily volume of 6,736,224 shares, the short-interest ratio is presently 8.5 days. Currently, 26.3% of the shares of the company are sold short.
A number of research firms have recently commented on ANR. 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 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. The company currently has an average rating of “Hold” and a consensus target price of $6.55.
Alpha Natural Resources (NYSE:ANR) opened at 3.87 on Friday. Alpha Natural Resources has a 1-year low of $3.10 and a 1-year high of $8.30. The stock has a 50-day moving average of $3.4 and a 200-day moving average of $4.21. The company’s market cap is $857.0 million.
Alpha Natural Resources (NYSE:ANR) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted ($0.59) earnings per share. The company’s revenue for the quarter was down 21.0% on a year-over-year basis. Analysts expect that Alpha Natural Resources will post $-2.58 EPS 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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