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

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have earned an average rating of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $195.3333.

AMR has been the topic of a number of research reports. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, June 24th. Finally, Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th.

Insider Buying and Selling at Alpha Metallurgical Resources

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

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Alpha Metallurgical Resources by 215.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after buying an additional 112 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Alpha Metallurgical Resources during the 1st quarter worth approximately $37,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $45,000. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 67.9% in the 4th quarter. Hantz Financial Services Inc. now owns 403 shares of the energy company’s stock valued at $81,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Stock Down 0.2%

AMR stock opened at $159.73 on Monday. The company has a market cap of $2.03 billion, a price-to-earnings ratio of -53.24 and a beta of 0.63. The company has a fifty day moving average price of $186.63 and a 200 day moving average price of $196.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. Alpha Metallurgical Resources has a 12 month low of $109.21 and a 12 month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. During the same period last year, the firm posted ($2.60) EPS. Alpha Metallurgical Resources’s revenue for the quarter was down 1.3% on a year-over-year basis. Sell-side analysts expect that Alpha Metallurgical Resources will post 8.21 earnings per share for the current year.

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.