Alpha Metallurgical Resources (NYSE:AMR) Trading 3.8% Higher – Time to Buy?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) shares traded up 3.8% during trading on Tuesday . The stock traded as high as $134.99 and last traded at $134.35. 94,470 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 282,860 shares. The stock had previously closed at $129.45.

Alpha Metallurgical Resources Stock Performance

The business has a 50 day moving average of $162.79 and a two-hundred day moving average of $198.91. The stock has a market capitalization of $1.70 billion, a PE ratio of 4.78 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.20 million. During the same period in the previous year, the company posted $12.88 earnings per share. The business’s quarterly revenue was down 35.7% compared to the same quarter last year. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several institutional investors have recently bought and sold shares of AMR. Empowered Funds LLC boosted its position in shares of Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after purchasing an additional 4,985 shares in the last quarter. Ruffer LLP purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $4,100,000. Barclays PLC boosted its holdings in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after acquiring an additional 14,089 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $3,564,000. Finally, Impala Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources during the third quarter valued at about $1,181,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.