Alpha Natural Resources Coverage Initiated at Macquarie (ANR)
Equities research analysts at Macquarie began coverage on shares of Alpha Natural Resources (NYSE:ANR) in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. The firm set an “underperform” rating on the stock.
Shares of Alpha Natural Resources (NYSE:ANR) opened at 6.37 on Friday. 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 $5.78 and a 200-day moving average of $6.73. The company’s market cap is $1.407 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 $-2.50 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Alpha Natural Resources (NYSE:ANR) from $13.00 to $8.00 in a research note to investors on Monday, August 5th. Separately, analysts at Howard Weil cut their price target on shares of Alpha Natural Resources (NYSE:ANR) from $8.00 to $7.00 in a research note to investors on Monday, August 5th. They now have a “sector outperform” rating on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of Alpha Natural Resources (NYSE:ANR) in a research note to investors on Monday, August 5th. They now have a $5.00 price target on the stock, down previously from $6.00.
Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $8.39.
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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