Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Has Average Price Target of $179.75

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has received a consensus rating of “Reduce” from the seven research firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $179.75.

AMR has been the subject of a number of research analyst reports. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. Weiss Ratings downgraded Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. B. Riley Financial decreased their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th. Finally, UBS Group lifted their target price on Alpha Metallurgical Resources from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th.

Alpha Metallurgical Resources Trading Down 0.9%

Alpha Metallurgical Resources stock opened at $183.88 on Wednesday. The firm has a 50 day simple moving average of $188.97 and a 200-day simple moving average of $183.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37. The stock has a market capitalization of $2.33 billion, a PE ratio of -51.36 and a beta of 0.85. Alpha Metallurgical Resources has a 12-month low of $133.64 and a 12-month high of $253.82.

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, beating analysts’ consensus estimates of ($0.97) by $0.01. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The business had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. During the same quarter last year, the business earned ($0.38) earnings per share. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. As a group, equities research analysts expect that Alpha Metallurgical Resources will post -2.40 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth Courtis acquired 15,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were bought at an average price of $193.50 per share, with a total value of $2,902,500.00. Following the purchase, the director directly owned 1,015,394 shares of the company’s stock, valued at approximately $196,478,739. This trade represents a 1.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have bought 35,000 shares of company stock worth $7,388,400. Company insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Alpha Metallurgical Resources during the second quarter worth approximately $299,230,000. Dimensional Fund Advisors LP increased its holdings in shares of Alpha Metallurgical Resources by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock valued at $148,192,000 after buying an additional 38,300 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its holdings in shares of Alpha Metallurgical Resources by 206.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock valued at $49,683,000 after buying an additional 163,144 shares in the last quarter. Crocodile Capital Partners GmbH lifted its position in shares of Alpha Metallurgical Resources by 0.4% during the 2nd quarter. Crocodile Capital Partners GmbH now owns 245,119 shares of the energy company’s stock valued at $40,430,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $10,969,000. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc is a U.S.-based producer of metallurgical coal, a key raw material used in the steelmaking process. The company operates underground and surface mines, primarily in Central Appalachia, and produces high-quality metallurgical coal for domestic and international steel producers.

The company’s operations are concentrated in West Virginia and Virginia. In addition to mining, Alpha Metallurgical Resources manages coal processing, preparation, transportation, and marketing activities that support the delivery of its products to customers.