Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives Average Recommendation of “Reduce” from Analysts

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been given an average recommendation of “Reduce” by the seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $177.00.

AMR has been the subject of several research analyst reports. UBS Group assumed coverage on shares of Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price for the company. Jefferies Financial Group reissued a “hold” rating and issued a $160.00 price target on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, B. Riley Financial reduced their price objective on Alpha Metallurgical Resources from $194.00 to $189.00 and set a “neutral” rating for the company in a report on Tuesday.

Alpha Metallurgical Resources Trading Up 3.3%

Shares of Alpha Metallurgical Resources stock opened at $143.74 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The business has a fifty day simple moving average of $171.71 and a two-hundred day simple moving average of $188.54. Alpha Metallurgical Resources has a 1 year low of $113.00 and a 1 year high of $253.82. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -47.91 and a beta of 0.63.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting the consensus estimate of ($0.86). The firm had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the company earned ($2.60) earnings per share. Research analysts forecast that Alpha Metallurgical Resources will post 0.2 EPS for the current year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, COO Jason E. Whitehead sold 3,901 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the transaction, the chief operating officer directly owned 10,450 shares of the company’s stock, valued at $2,218,326. This represents a 27.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark Matthew Manno sold 460 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the completion of the transaction, the executive vice president directly owned 3,966 shares in the company, valued at approximately $851,262.24. This represents a 10.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 18.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AMR. Los Angeles Capital Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $29,000. Caitong International Asset Management Co. Ltd increased its position in Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after acquiring an additional 112 shares during the period. Leonteq Securities AG bought a new position in Alpha Metallurgical Resources during the first quarter worth about $37,000. Aster Capital Management DIFC Ltd acquired a new stake in Alpha Metallurgical Resources in the 4th quarter worth about $45,000. Finally, Hantz Financial Services Inc. raised its stake in Alpha Metallurgical Resources by 67.9% in the 4th quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock worth $81,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.