Alpha Natural Resources, Inc. (NYSE:ANR) and the other companies of the coal sector are finding it tough to deal with the dual problems of declining prices and lower margins. The companies are unable to post the profits from last some quarters. Alpha Natural is continuously facing the pressures from lower pricing of the prime coal. It is the major raw material used to produce steel. Alpha Natural Resources, Inc. (NYSE:ANR) net profit margin is -22.40% and weekly performance is -12.90%. On last trading day company shares ended up $3.24. Analysts mean target price for the company is $5.47. Alpha Natural Resources, Inc. (NYSE:ANR) distance from 50-day simple moving average (SMA50) is -24.14%.
On May 22, Molycorp Inc (NYSE:MCP) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Tuesday. They currently have a $2.50 price objective on the stock, down from their previous price objective of $2.85. Morgan Stanley’s target price indicates a potential downside of 8.76% from the company’s current price. Molycorp Inc (NYSE:MCP) shares fell -2.89% in last trading session and ended the day on $2.69. Gross Margin is -16.30% and its return on assets is -15.80%. Molycorp Inc (NYSE:MCP) quarterly performance is -48.76%.
Oil States International Inc (NYSE:OIS) was upgraded by Sterne Agee from a “neutral” rating to a “buy” rating in a research note issued on Monday. Oil States International, Inc. (NYSE:OIS) shares moved down -42.73% in last trading session and was closed at $61.61, while trading in range of $60.80 – $61.89. Oil States International, Inc. (NYSE:OIS) year to date (YTD) performance is -39.43%.
On May 22, NovaCopper Inc. (NYSEMKT:NCQ) is pleased to announce that the shareholders voted in favour of all items of business before the Annual Meeting of the Shareholders held in Vancouver yesterday and that the nominees listed in the management proxy circular for the meeting were elected as directors. Novacopper Inc (NYSEMKT:NCQ) ended the last trading day at $0.930 . Company weekly volatility is calculated as 6.87%. Novacopper Inc (NYSEMKT:NCQ) showed a negative weekly performance of -14.68%.
China Precision Steel Inc. (OTCMKTS:CPSL) announced that on May 15th 2014, the Company received a delisting notice from NASDAQ Stock Market, LLC due to the failure to pay certain fees required by Listing Rule 5250(f). The Company elects not to appeal. China Precision Steel, Inc. (OTCMKTS:CPSL) On last trading day company shares ended up $1.25.