Credit Suisse Has Negative Earnings Outlook Update for Alpha Natural Resources (ANR)
Investment analysts at Credit Suisse (NYSE: CS) dropped their earnings per share estimates on shares of Alpha Natural Resources (NYSE: ANR) in a note issued to investors on Friday. The firm currently has a “neutral” rating and a $17.00 target price on the company’s shares.
Shares of Alpha Natural Resources traded down 1.66% during mid-day trading on Friday, hitting $14.21. Alpha Natural Resources has a 52 week low of $13.80 and a 52 week high of $59.20. The company’s market cap is $3.123 billion.
Alpha Natural Resources last announced its earnings results on Thursday, May 3rd. The company reported ($0.27) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.21. Alpha Natural Resources’s revenue was up 71.1% compared to the same quarter last year. On average, analysts predict that Alpha Natural Resources will post $-0.18 earnings per share next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Brean Murray downgraded shares of Alpha Natural Resources from a “buy” rating to a “hold” rating in a research note to investors on Friday. They now have a $25.00 price target on the stock. Separately, analysts at CRT Capital upgraded shares of Alpha Natural Resources from a “fair value” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at Citigroup (NYSE: C) upgraded shares of Alpha Natural Resources from a “neutral” rating to a “buy” rating in a research note to investors on Monday, April 16th.
Alpha Natural Resources, Inc. (Alpha) is a supplier and exporter of metallurgical coal for use in the steel-making process and a supplier of thermal coal to electric utilities and manufacturing industries across the country.