Alpha Metallurgical Resources (NYSE:AMR) Trading Down 4.6%

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) dropped 4.6% on Tuesday . The stock traded as low as $316.95 and last traded at $317.81. Approximately 43,109 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 241,361 shares. The stock had previously closed at $333.00.

Analyst Ratings Changes

Separately, B. Riley dropped their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Alpha Metallurgical Resources Stock Down 3.5 %

The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 6.84 and a beta of 1.35. The stock’s 50 day moving average price is $346.27 and its two-hundred day moving average price is $318.40.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The company had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $13.37 earnings per share. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 22,802 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the sale, the director now owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the transaction, the director now owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel E. Horn sold 100 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the transaction, the insider now directly owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock worth $55,479,986 in the last ninety days. Insiders own 16.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $34,000. Quadrant Capital Group LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $35,000. Creekmur Asset Management LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $36,000. Finally, Exchange Traded Concepts LLC purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter worth approximately $41,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.