Alpha Natural Resources (NYSE:ANR) was downgraded by investment analysts at FBR Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, ARN reports.
A number of other firms have also recently commented on ANR. Analysts at BB&T Corp. downgraded shares of Alpha Natural Resources to a “hold” rating in a research note to investors on Monday. Separately, analysts at Barclays Capital downgraded shares of Alpha Natural Resources to an “equal weight” rating in a research note to investors on Friday. Finally, analysts at Tudor Pickering downgraded shares of Alpha Natural Resources from an “accumulate” rating to a “hold” rating in a research note to investors on Wednesday, July 24th.
Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $9.21.
Shares of Alpha Natural Resources (NYSE:ANR) opened at 4.95 on Monday. Alpha Natural Resources has a one year low of $4.82 and a one year high of $10.74. The stock’s 50-day moving average is currently $5.45. The company’s market cap is $1.093 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. Analysts expect that Alpha Natural Resources will post $-2.38 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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