Alpha Metallurgical Resources, Inc. (NYSE:AMR) Stock Rated “Reduce” by Wall Street Brokerages

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has received a consensus rating of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $178.00.

Several research firms have recently weighed in on AMR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, November 4th. Zacks Research upgraded shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Wall Street Zen raised Alpha Metallurgical Resources from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group increased their price target on Alpha Metallurgical Resources from $160.00 to $180.00 and gave the stock a “neutral” rating in a research report on Thursday, October 8th. Finally, B. Riley Financial decreased their price target on Alpha Metallurgical Resources from $185.00 to $178.00 and set a “neutral” rating on the stock in a research report on Monday, October 26th.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth Courtis acquired 15,000 shares of Alpha Metallurgical Resources stock in a transaction on 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 completion of the purchase, the director owned 1,015,394 shares in the company, valued at $196,478,739. This trade represents a 1.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders acquired 35,000 shares of company stock valued at $7,388,400. Insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nykredit A S acquired a new position in Alpha Metallurgical Resources during the 2nd quarter worth about $25,000. Global Retirement Partners LLC grew its holdings in Alpha Metallurgical Resources by 1,733.3% during the 3rd quarter. Global Retirement Partners LLC now owns 165 shares of the energy company’s stock worth $28,000 after acquiring an additional 156 shares during the last quarter. Parallel Advisors LLC increased its position in Alpha Metallurgical Resources by 405.9% in the 3rd quarter. Parallel Advisors LLC now owns 258 shares of the energy company’s stock valued at $43,000 after acquiring an additional 207 shares in the last quarter. Sterling Capital Management LLC increased its position in Alpha Metallurgical Resources by 63.9% in the 3rd quarter. Sterling Capital Management LLC now owns 259 shares of the energy company’s stock valued at $44,000 after acquiring an additional 101 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Alpha Metallurgical Resources in the 2nd quarter valued at about $49,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded down $1.31 on Friday, hitting $154.10. The stock had a trading volume of 168,280 shares, compared to its average volume of 247,095. The firm’s 50 day moving average price is $173.58 and its 200-day moving average price is $181.55. Alpha Metallurgical Resources has a twelve month low of $133.64 and a twelve month high of $253.82. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -39.62 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, November 6th. The energy company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.09). Alpha Metallurgical Resources had a negative return on equity of 3.29% and a negative net margin of 2.37%. The firm had revenue of $562.25 million for the quarter, compared to analyst estimates of $558.84 million. During the same quarter last year, the business earned ($0.42) EPS. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts predict that Alpha Metallurgical Resources will post -1.99 EPS for the current year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc. is a U.S. coal producer focused primarily on metallurgical coal, a key input used to make steel. The company also produces thermal coal, which is used in electricity generation. Its mining operations are concentrated in Virginia and West Virginia, in the Central Appalachian coal region. Alpha sells coal to domestic and international customers, including steelmakers and power producers. The company operated as Contura Energy before adopting the Alpha Metallurgical Resources name in 2021, reflecting its emphasis on metallurgical coal and steelmaking markets.