Alpha Metallurgical Resources (NYSE:AMR) Shares Up 6.5% – What’s Next?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) shot up 6.5% during trading on Thursday . The stock traded as high as $206.47 and last traded at $208.7950. 76,831 shares traded hands during trading, a decline of 73% from the average session volume of 284,660 shares. The stock had previously closed at $196.08.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMR shares. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Texas Capital lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. B. Riley Financial upped their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $196.00.

Alpha Metallurgical Resources Trading Up 3.4%

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 $2.59 billion, a P/E ratio of -42.99 and a beta of 0.79. The business’s fifty day simple moving average is $201.21 and its two-hundred day simple moving average is $181.13.

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

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 971 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 7,320 shares of the company’s stock, valued at $1,244,766. This represents a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total value of $462,314.52. Following the completion of the sale, the chief financial officer owned 4,735 shares of the company’s stock, valued at $867,641.40. This represents a 34.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought a total of 50,000 shares of company stock valued at $9,002,050 in the last quarter. Corporate insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Institutional investors have recently bought and sold shares of the business. Systrade AG acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $55,966,000. Crocodile Capital Partners GmbH bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at about $40,999,000. State Street Corp raised its position in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new position in Alpha Metallurgical Resources in the third quarter worth about $12,146,000. Finally, Dalal Street LLC lifted its stake in Alpha Metallurgical Resources by 15.6% during the third quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock worth $87,296,000 after purchasing an additional 71,673 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.