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

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has earned an average rating of “Reduce” from the six research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $195.3333.

A number of brokerages have issued reports on AMR. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Jefferies Financial Group restated a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th.

Alpha Metallurgical Resources Stock Up 2.1%

Shares of NYSE AMR opened at $175.80 on Friday. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources has a 52 week low of $97.41 and a 52 week high of $253.82. The firm has a 50-day moving average price of $194.57 and a 200 day moving average price of $192.67. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of -58.60 and a beta of 0.60.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The firm had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. During the same quarter last year, the business earned ($2.60) earnings per share. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Alpha Metallurgical Resources will post 11.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 971 shares of Alpha Metallurgical Resources stock in a transaction dated 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 owned 7,320 shares in the company, valued at approximately $1,244,766. The trade was a 11.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joshua Todd Munsey sold 2,523 shares of Alpha Metallurgical Resources stock in a transaction dated 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 approximately $867,641.40. The trade was a 34.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 73,000 shares of company stock worth $13,368,910. Insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the company. Los Angeles Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $29,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after buying an additional 112 shares in the last quarter. Leonteq Securities AG purchased a new stake in shares of Alpha Metallurgical Resources during the first quarter worth about $37,000. Hantz Financial Services Inc. grew its holdings in shares of Alpha Metallurgical Resources by 361.5% during the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after buying an additional 188 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Alpha Metallurgical Resources by 146.0% during the third quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after buying an additional 146 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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.