Brean Murray Carret & Co. Raises Alpha Natural Resources to Buy (ANR)

By admin | 6 years ago

Alpha Natural Resources (NYSE: ANR) was upgraded by equities researchers at Brean Murray Carret & Co. to a “buy” rating in a report issued on Monday.

Alpha Natural Resources opened at 11.67 on Monday. Alpha Natural Resources has a 1-year low of $13.80 and a 1-year high of $59.20. The company’s market cap is $2.565 billion.

Alpha Natural Resources last released its earnings data 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. Analysts expect that Alpha Natural Resources will post $-0.24 EPS next quarter.

ANR has been the subject of a number of other recent research reports. Analysts at Brean Murray upgraded shares of Alpha Natural Resources from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $15.00 price target on the stock. Separately, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Alpha Natural Resources in a research note to investors on Friday, May 4th. They noted that the move was a valuation call. Finally, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of Alpha Natural Resources in a research note on Friday. They now have a “neutral” rating and a $17.00 price target on the stock.

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.

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