Seeking Alpha

Alpha Natural still sliding after Friday's rout

  • Alpha Natural Resources (ANR) is reiterated at Neutral but with reduced 2013-14 EPS estimates and a lower price target (to $5 from $6) at Nomura, which cites incremental pressure in the met coal market.
  • Shares are cut to Hold at BB&T and FBR.
  • Meanwhile, Sterne Agee believes ANR's met pricing and volumes appear to be bottoming, and keeps a $14 price target and Buy rating on the shares.
  • ANR -1% premarket after sinking 9% Friday following its Q2 report.
Comments (3)
  • nemonemo
    , contributor
    Comments (323) | Send Message
    Hey Seeking Alpha editorial morons, 5 cents down on few thousands shares is not called rout. We understand you guys are short but manipulation is job of scums. Like you guys.
    5 Aug 2013, 09:07 AM Reply Like
  • gsrTea
    , contributor
    Comments (28) | Send Message
    Cant wait until the shorters cover and it shoots back to 5.60, some "activist" work hard to create confusion and panic, its goingto hit 2 dollars! then its going all the way to ten!
    5 Aug 2013, 09:33 AM Reply Like
  • edmundjr
    , contributor
    Comments (22) | Send Message
    I have to say that someone is tooting to get these shares down.
    It is obvious that the bottom is in from looking at the other coal names. When this stock upticks it will scream to the upside and the shorts will be finished.
    5 Aug 2013, 11:01 AM Reply Like
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