Alpha Metallurgical Resources (NYSE:AMR) Stock Bumped Up to “Hold” by Zacks Research

Zacks Research upgraded shares of Alpha Metallurgical Resources (NYSE:AMR) from a strong sell rating to a hold rating in a research report report published on Monday morning,Zacks reports.

A number of other analysts have also issued reports on AMR. UBS Group raised their target price on Alpha Metallurgical Resources from $160.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. Wall Street Zen downgraded Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. B. Riley Financial cut their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. Weiss Ratings lowered Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Reduce” and a consensus target price of $179.75.

Alpha Metallurgical Resources Trading Down 1.2%

Shares of NYSE:AMR opened at $158.23 on Monday. The company has a market cap of $2.01 billion, a P/E ratio of -44.20 and a beta of 0.85. The stock’s 50-day moving average is $190.37 and its 200-day moving average is $181.64. Alpha Metallurgical Resources has a 52-week low of $133.64 and a 52-week high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, topping analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%. The business had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. During the same period in the previous year, the company posted ($0.38) earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. Equities research analysts predict that Alpha Metallurgical Resources will post -2.40 earnings per share for the current year.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth Courtis acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of $225.83 per share, for a total transaction of $2,258,300.00. Following the acquisition, the director owned 1,035,394 shares in the company, valued at $233,823,027.02. This trade represents a 0.98% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have acquired 35,000 shares of company stock valued at $7,388,400. Company insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMR. Nykredit A S bought a new stake in shares of Alpha Metallurgical Resources in the second quarter valued at about $25,000. Leonteq Securities AG bought a new position in Alpha Metallurgical Resources during the first quarter valued at about $37,000. Meeder Asset Management Inc. bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $49,000. Freestone Grove Partners LP bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $76,000. Finally, Pinnacle Holdings LLC bought a new position in Alpha Metallurgical Resources during the second quarter valued at about $112,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc is a mining company focused primarily on the production and sale of metallurgical coal. Its coal is used by steelmakers and coke producers in the manufacturing of steel, with additional sales of thermal coal for power generation. The company serves domestic and international customers through a network of mines and related operations.

Alpha operates principally in the Central Appalachian region, with mining assets in West Virginia and Virginia. Its activities include underground and surface mining, coal preparation, processing, and transportation.