Alpha Natural Resources (NYSE:ANR) was downgraded by investment analysts at UBS AG from a “market perform” rating to an “underperform” rating in a note issued to investors on Friday, AR Network reports.
Alpha Natural Resources (NYSE:ANR) traded down 3.18% on Friday, hitting $5.7801. The stock had a trading volume of 8,681,024 shares. Alpha Natural Resources has a 1-year low of $4.78 and a 1-year high of $10.74. The stock has a 50-day moving average of $6.13 and a 200-day moving average of $6.2. The company’s market cap is $1.277 billion.
Alpha Natural Resources (NYSE:ANR) last posted its quarterly earnings results on Friday, August 2nd. The company reported ($0.59) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.59). The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the company posted ($0.33) earnings per share. Alpha Natural Resources’s revenue was down 27.8% compared to the same quarter last year. On average, analysts predict that Alpha Natural Resources will post $-2.48 earnings per share for the current fiscal year.
A number of other firms have also recently commented on ANR. Analysts at BMO Capital Markets downgraded shares of Alpha Natural Resources from a “market perform” rating to an “underperform” rating in a research note to investors on Friday. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Alpha Natural Resources from a “sell” rating to a “neutral” rating in a research note to investors on Friday, September 27th. They now have a $6.00 price target on the stock, up previously from $4.00. Finally, analysts at Howard Weil raised their price target on shares of Alpha Natural Resources from $7.00 to $8.00 in a research note to investors on Thursday, September 19th. They now have a “sector outperform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.75.
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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