Alpha Natural Resources (NYSE:ANR)‘s stock had its “market perform” rating restated by investment analysts at Sterne Agee in a note issued to investors on Friday, AmericanBankingNews.com reports. They currently have a $14.00 price objective on the stock, up from their previous price objective of $7.00. Sterne Agee’s target price indicates a potential upside of 100.00% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Raymond James upgraded shares of Alpha Natural Resources from an “underperform” rating to a “market perform” rating in a research note to investors on Friday. Separately, analysts at UBS AG downgraded shares of Alpha Natural Resources from a “market perform” rating to an “underperform” rating in a research note to investors on Friday, October 18th. Finally, 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, October 18th. They now have a $4.00 price target on the stock, down previously from $5.00. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $8.17.
Shares of Alpha Natural Resources (NYSE:ANR) opened at 7.00 on Friday. Alpha Natural Resources has a 52-week low of $4.78 and a 52-week high of $10.74. The stock’s 50-day moving average is $6.17 and its 200-day moving average is $6.1. The company’s market cap is $1.547 billion. Alpha Natural Resources also was the recipient of some unusual options trading on Thursday. Investors purchased 16,242 call options on the company. This is an increase of 144% compared to the average volume of 6,649 call options.
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. On average, analysts predict that Alpha Natural Resources will post $-2.49 earnings per share 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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