Tweet

Share on StockTwits

 

An issue of Alpha Natural Resources (NYSE:ANR) debt fell 2.5% against its face value during trading on Monday, Analyst Ratings Net reports. The debt issue has a 7.5% coupon and will mature on August 1, 2020. The bonds in the issue are now trading at $ 8.25 and were trading at $ 18.25 last week. Price changes in a company's debt in credit markets sometimes predict parallel changes in its share price.

Several research analysts have recently weighed in on the stock. Sterne Agee CRT downgraded shares of Alpha Natural Resources from a "buy" rating to a "neutral" rating in a research note on Monday, July 20th. Zacks cut shares of Alpha Natural Resources from a "hold" rating to a "sell" rating in a report on Monday, July 6th. Goldman Sachs raised shares of Alpha Natural Resources from a "sell" rating to a "neutral" rating and set a $ 0.70 price objective on the stock in a report on Monday, June 1st. Credit Suisse began coverage on shares of Alpha Natural Resources in a research note on Tuesday, May 26th. They set an "underperform" rating on the stock. Finally, Imperial Capital lowered shares of Alpha Natural Resources from an "in-line" rating to an "underperform" rating in a research report on Wednesday, May 20th. Eight equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Alpha Natural Resources presently has an average rating of "Sell" and an average target price of $ 1.99.

Alpha Natural Resources (NYSE:ANR) opened at 0.2382 on Tuesday. Alpha Natural Resources has a one year low of $ 0.20 and a one year high of $ 4.16. The firm has a 50 day moving average of $ 0.37 and a 200 day moving average of $ 0.87.

Alpha Natural Resources, Inc. is engaged in the business of extracting, processing and promotion steam and metallurgical coal from surface and deep mines, and mainly sells to electric utilities, steel and coke companies, and industrial customers. The Company, through its subsidiary companies, is additionally involved in marketing coal created by others to supplement its own creation. The Business 's coal operations consisted of 45 deep and 15 surface mines located in Virginia, West Wyoming, Pennsylvania, Kentucky and Virginia. The Organization has two segments: Western Coal Operations, which consists of two Powder River basin surface mines, and Eastern Coal Operations, which consists of 13 surface mines in Northern and Central Appalachia and 45 underground mines, in addition to coal brokerage activities. The All Other category includes terminal services, and a stagnated underground mine in Illinois; the Company's subsidiary Dry Systems Technologies; repair operations and gear sales.

Receive News & Ratings for Alpha Natural Resources Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Alpha Natural Resources and related companies with MarketBeat.com’s FREE daily email newsletter.