Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 4.1% – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price was down 4.1% during mid-day trading on Tuesday . The stock traded as low as $204.01 and last traded at $205.3510. Approximately 191,036 shares changed hands during trading, a decline of 36% from the average daily volume of 297,785 shares. The stock had previously closed at $214.24.

Analysts Set New Price Targets

A number of equities analysts have commented on AMR shares. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Jefferies Financial Group restated a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. B. Riley Financial upped their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Alpha Metallurgical Resources currently has an average rating of “Reduce” and an average price target of $196.00.

Alpha Metallurgical Resources Stock Performance

The firm’s fifty day moving average is $194.70 and its 200-day moving average is $185.81. 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 stock has a market capitalization of $2.54 billion, a PE ratio of -41.87 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting the consensus estimate of ($1.34). The company had revenue of $436.33 million during the quarter, compared to analyst estimates of $538.45 million. Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. Alpha Metallurgical Resources’s revenue was down 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.16) earnings per share. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis bought 8,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average price of $191.07 per share, for a total transaction of $1,528,560.00. Following the acquisition, the director owned 874,537 shares of the company’s stock, valued at approximately $167,097,784.59. This trade represents a 0.92% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Daniel E. Horn sold 971 shares of the company’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the transaction, the insider owned 7,320 shares in the company, valued at $1,244,766. This trade represents a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 58,000 shares of company stock worth $10,530,610. Insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

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

Alpha Metallurgical Resources Company Profile

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.