Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives Average Rating of “Reduce” from Brokerages

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $196.00.

Several research analysts have commented on the stock. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Zacks Research upgraded shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. B. Riley Financial upped their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th.

Insider Transactions at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 971 shares of the company’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $170.05, for a total transaction of $165,118.55. Following the completion of the transaction, the insider directly owned 7,320 shares in the company, valued at approximately $1,244,766. This represents a 11.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Joshua Todd Munsey sold 2,523 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total transaction of $462,314.52. Following the transaction, the chief financial officer owned 4,735 shares of the company’s stock, valued at $867,641.40. This trade represents a 34.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders purchased 58,000 shares of company stock worth $10,530,610. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after buying an additional 185,281 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Alpha Metallurgical Resources by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company’s stock worth $136,636,000 after purchasing an additional 15,348 shares during the last quarter. Continental General Insurance Co. grew its stake in shares of Alpha Metallurgical Resources by 6.4% in the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after purchasing an additional 38,576 shares during the last quarter. Dalal Street LLC grew its stake in shares of Alpha Metallurgical Resources by 2.1% in the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after purchasing an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L grew its stake in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after purchasing an additional 19,033 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Up 5.8%

Shares of AMR opened at $206.25 on Wednesday. Alpha Metallurgical Resources has a one year low of $97.41 and a one year high of $253.82. The company has a market cap of $2.64 billion, a P/E ratio of -43.51 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. The firm has a 50 day simple moving average of $190.65 and a two-hundred day simple moving average of $189.27.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, meeting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The business had revenue of $436.33 million during the quarter, compared to the consensus estimate of $538.45 million. During the same period in the previous year, the business earned ($0.16) earnings per share. The company’s revenue was down 15.7% on a year-over-year basis. Research analysts forecast that Alpha Metallurgical Resources will post 18.43 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc (NYSE: AMR) is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy’s metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.