Tudor Pickering cut shares of Alpha Natural Resources (NYSE:ANR) from an accumulate rating to a hold rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on ANR. Analysts at BMO Capital Markets cut their price target on shares of Alpha Natural Resources from $9.00 to $5.00 in a research note to investors on Monday, July 15th. They now have a market perform rating on the stock. Separately, analysts at Deutsche Bank upgraded shares of Alpha Natural Resources from a hold rating to a buy rating in a research note to investors on Friday, July 12th. They now have a $7.50 price target on the stock, down previously from $9.00. Finally, analysts at Merrill Lynch cut their price target on shares of Alpha Natural Resources from $7.00 to $4.00 in a research note to investors on Thursday, June 20th.
Four analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $9.35.
Alpha Natural Resources (NYSE: ANR) opened at 5.35 on Wednesday. Alpha Natural Resources has a 1-year low of $4.82 and a 1-year high of $10.74. The stock’s 50-day moving average is currently $5.61. The company’s market cap is $1.181 billion.
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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