Alpha Natural Resources Price Target Lowered to $3.25 at Jefferies Group (ANR)
Equities research analysts at Jefferies Group decreased their price objective on shares of Alpha Natural Resources (NYSE:ANR) from $4.50 to $3.25 in a research note issued to investors on Wednesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 3.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Alpha Natural Resources from a “sell” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Alpha Natural Resources in a research note on Monday, May 12th. They now have a $19.00 price target on the stock, up previously from $13.00. Finally, analysts at Barclays cut their price target on shares of Alpha Natural Resources from $6.00 to $5.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $7.23.
Alpha Natural Resources (NYSE:ANR) opened at 3.39 on Wednesday. Alpha Natural Resources has a one year low of $3.10 and a one year high of $8.30. The stock’s 50-day moving average is $4.07 and its 200-day moving average is $5.28. The company’s market cap is $750.4 million. Alpha Natural Resources also was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totalling 52,641,085 shares, a decline of 10.7% from the April 30th total of 58,941,037 shares. Based on an average daily trading volume, of 9,228,580 shares, the short-interest ratio is currently 5.7 days. Currently, 24.2% of the shares of the company are sold short.
Alpha Natural Resources (NYSE:ANR) last announced its earnings results on Thursday, May 1st. The company reported $0.07 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.58) by $0.65. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the company posted ($0.47) earnings per share. Alpha Natural Resources’s revenue was down 16.6% compared to the same quarter last year. On average, analysts predict that Alpha Natural Resources will post $-2.80 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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