NEW YORK (TheStreet) -- Shares of Alpha Natural Resources (ANR) were gaining 4.6% to $1.25 Thursday after the coal mining company beat analysts' estimates for earnings and revenue in the fourth quarter.
Alpha Natural Resources reported a loss of 50 cents a share for the quarter, above the Capital IQ Consensus Estimate of a loss of 71 cents a share. Revenue fell 2.1% year over year to $1.07 billion for the quarter, above analysts' estimates of $981.72 million.
The company said it shipped 4.9 million tons of metallurgical coal in the fourth quarter, up from 4.4 million tons in the year-ago quarter and 4.8 million tons in the third quarter.
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Alpha Natural Resources also lowered its 2015 capital expenditure outlook to a range of $225 million to $275 million, down from $275 million to $350 million.
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 some concerns, 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 disappointing return on equity, weak operating cash flow, poor profit margins, generally disappointing historical performance in the stock itself and generally high debt management risk."
You can view the full analysis from the report here: ANR Ratings Report