The debt of Alpha Natural Resources fell by 3.8% against face value this Friday during trade. This high-yield debt issue has a maturity of 1st June 2021 and a coupon of 6.25%. It’s currently trading at $ 2.25 as opposed to $6.98 just a week ago. Such price moves in the debt of a company also anticipates similar moves in share price on some occasions.
There are a number of analysts which have commented on this stock recently. They downgraded the shares from hold to sell on the 6th of July. The consensus rating for the stock currently is sell with an average target of $ 2.37.
The stock opened on Friday at 0.2382. It has a fifty-two week low of $ 0.20 & a high of $ 4.16. The fifty-day moving average is $ 0.37 while the two-hundred-day moving average is at $ 0.87. Market cap for the company is currently at $ 52.95 million.
They had released earnings data on the 30th of April. They reported an earning of $ 0.79 per share for that quarter which was $ 0.03 shy of the consensus estimate. The company posted revenues of $ 800 million in the quarter as opposed to the consensus of $ 860.60 million. Their revenue was down by 24.3% as compared to the same time last quarter.
They are a supplier & exporter of metallurgical coals used for steel making and are also a supplier of thermal coal for manufacturing industries and electrical utilities. They also export thermal coal. They had 81 mines & 25 coal preparation plants in 2013 in the Powder River Basin, the Central and Northern Appalachia. They use 5 different techniques for mining including highwall mining, truck & front-end loader mining, truck & shovel mining, room & pillar mining and longwall mining.
