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

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have earned an average recommendation of “Reduce” from the seven brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $177.00.

A number of research analysts have weighed in on AMR shares. Zacks Research upgraded Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 29th. B. Riley Financial dropped their target price on shares of Alpha Metallurgical Resources from $194.00 to $189.00 and set a “neutral” rating for the company in a report on Tuesday, July 28th. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 target price on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. UBS Group began coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a “neutral” rating and a $165.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $152.68 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The stock’s 50 day simple moving average is $166.83 and its 200-day simple moving average is $184.92. The company has a market cap of $1.94 billion, a PE ratio of -50.89 and a beta of 0.65. Alpha Metallurgical Resources has a 1-year low of $123.78 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, hitting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The firm had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. During the same period in the previous year, the business earned ($2.60) earnings per share. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Alpha Metallurgical Resources will post 0.2 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Jason E. Whitehead sold 3,901 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total transaction of $828,104.28. Following the transaction, the chief operating officer directly owned 10,450 shares in the company, valued at $2,218,326. The trade was a 27.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Matthew Manno sold 460 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the sale, the executive vice president owned 3,966 shares of the company’s stock, valued at $851,262.24. This trade represents a 10.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Citizens Bank & Trust Co. grew its holdings in shares of Alpha Metallurgical Resources by 1.8% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after purchasing an additional 72 shares during the period. ProShare Advisors LLC lifted its position in Alpha Metallurgical Resources by 3.3% in the fourth quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company’s stock valued at $453,000 after buying an additional 73 shares during the last quarter. Mainstay Capital Management LLC ADV lifted its position in Alpha Metallurgical Resources by 5.9% in the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,326 shares of the energy company’s stock valued at $265,000 after buying an additional 74 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Alpha Metallurgical Resources by 1.2% during the second quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company’s stock worth $704,000 after buying an additional 76 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Alpha Metallurgical Resources by 2.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company’s stock worth $781,000 after buying an additional 78 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

About Alpha Metallurgical Resources

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.