Alpha Natural Resources (NYSE:ANR) had its target price lifted by Howard Weil from $8.00 to $10.00 in a research note released on Friday morning, American Banking & Market News reports. They currently have a sector outperform rating on the stock.
Alpha Natural Resources (NYSE:ANR) traded down 3.59% on Friday, hitting $7.7901. 7,031,154 shares of the company’s stock traded hands. Alpha Natural Resources has a one year low of $4.78 and a one year high of $10.74. The stock’s 50-day moving average is $6.64 and its 200-day moving average is $6.25. The company’s market cap is $1.721 billion.
Alpha Natural Resources (NYSE:ANR) last released its earnings data on Thursday, October 31st. The company reported ($0.61) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.77) by $0.16. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company posted ($0.16) earnings per share. Alpha Natural Resources’s revenue was down 27.1% compared to the same quarter last year. Analysts expect that Alpha Natural Resources will post $-2.27 EPS for the current fiscal year.
A number of other firms have also recently commented on ANR. Analysts at FBR Capital Markets raised their price target on shares of Alpha Natural Resources from $6.00 to $7.00 in a research note to investors on Friday, November 1st. They now have a market perform rating on the stock. Separately, analysts at Barclays raised their price target on shares of Alpha Natural Resources from $5.00 to $7.00 in a research note to investors on Friday, November 1st. They now have an equal weight rating on the stock. Finally, analysts at Sterne Agee reiterated a market perform rating on shares of Alpha Natural Resources in a research note to investors on Friday, November 1st. They now have a $14.00 price target on the stock, up previously from $7.00. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $7.84.
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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