Alpha Metallurgical Resources (NYSE:AMR) Reaches New 52-Week Low at $186.00

Alpha Metallurgical Resources, Inc. (NYSE:AMR) reached a new 52-week low on Wednesday . The company traded as low as $186.00 and last traded at $187.96, with a volume of 9815 shares traded. The stock had previously closed at $188.50.

Analyst Ratings Changes

AMR has been the topic of a number of research reports. B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th.

Alpha Metallurgical Resources Price Performance

The stock has a market capitalization of $2.62 billion, a P/E ratio of 4.88 and a beta of 1.30. The stock’s fifty day moving average is $259.68 and its 200-day moving average is $299.19.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The firm had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. Alpha Metallurgical Resources’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $12.16 earnings per share. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 26.33 EPS for the current year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Large investors have recently bought and sold shares of the business. Measured Wealth Private Client Group LLC grew its position in shares of Alpha Metallurgical Resources by 5.0% in the first quarter. Measured Wealth Private Client Group LLC now owns 819 shares of the energy company’s stock valued at $271,000 after purchasing an additional 39 shares during the last quarter. Creative Planning grew its position in shares of Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after purchasing an additional 43 shares during the last quarter. Lindenwold Advisors INC grew its position in shares of Alpha Metallurgical Resources by 2.9% in the first quarter. Lindenwold Advisors INC now owns 1,541 shares of the energy company’s stock valued at $510,000 after purchasing an additional 44 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Alpha Metallurgical Resources by 0.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after purchasing an additional 47 shares during the last quarter. Finally, SummerHaven Investment Management LLC grew its position in shares of Alpha Metallurgical Resources by 1.0% in the second quarter. SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after purchasing an additional 48 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Company Profile

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.