NEW YORK (TheStreet) --Shares of Alpha Natural Resources Inc. (ANR) are falling -6.20% to $3.40 in early afternoon trading on Tuesday after Morgan Stanley (MS) issued a warning that metallurgical coal prices may rebound more slowly than the firm had previously anticipated.
Commodity forecasters at Morgan Stanley cut their outlook on metallurgical coal prices to $133 from $160 per ton for 2015, as so far this year Chinese imports have been weak, the Fly on the Wall reports.
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Other coal stocks declining today include Arch Coal Inc. down -4.41% to $3.25, Cloud Peak Energy Inc. (CLD), lower by -1.10% to $17.05, and Walter Energy Inc. down -7.15% to $5.71.
Separately, TheStreet Ratings team rates ALPHA NATURAL RESOURCES INC as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate ALPHA NATURAL RESOURCES INC (ANR) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."