B. Riley Financial Boosts Alpha Metallurgical Resources (NYSE:AMR) Price Target to $207.00

Alpha Metallurgical Resources (NYSE:AMR) had its target price boosted by equities research analysts at B. Riley Financial from $203.00 to $207.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the energy company’s stock. B. Riley Financial’s target price indicates a potential upside of 22.80% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group restated a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a report on Monday. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday. Finally, Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Alpha Metallurgical Resources currently has an average rating of “Reduce” and an average target price of $196.00.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock traded down $14.13 during trading on Thursday, hitting $168.56. 173,462 shares of the stock were exchanged, compared to its average volume of 290,851. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $205.75 and a 200-day moving average price of $178.29. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -35.56 and a beta of 0.79. Alpha Metallurgical Resources has a 1-year low of $97.41 and a 1-year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($1.34). The firm had revenue of $520.47 million for the quarter, compared to analyst estimates of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.16) earnings per share. As a group, equities analysts predict that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis bought 9,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of $188.16 per share, for a total transaction of $1,693,440.00. Following the completion of the transaction, the director directly owned 816,537 shares in the company, valued at $153,639,601.92. This represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel E. Horn sold 8,125 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $188.32, for a total value of $1,530,100.00. Following the sale, the insider owned 4,989 shares of the company’s stock, valued at approximately $939,528.48. This trade represents a 61.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders acquired 98,576 shares of company stock valued at $17,994,174. Company insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMR. State Street Corp boosted its stake in shares of Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Alpha Metallurgical Resources by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company’s stock worth $136,636,000 after purchasing an additional 15,348 shares during the last quarter. Continental General Insurance Co. boosted its position in Alpha Metallurgical Resources by 6.4% during the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock valued at $128,728,000 after buying an additional 38,576 shares during the period. Dalal Street LLC grew its stake in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock valued at $108,535,000 after buying an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L increased its holdings in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after buying an additional 19,033 shares during the period. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.