Alpha Metallurgical Resources (NYSE:AMR) Director Acquires 15,000 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis acquired 15,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was purchased at an average price of $193.50 per share, with a total value of $2,902,500.00. Following the completion of the transaction, the director directly owned 1,000,394 shares of the company’s stock, valued at $193,576,239. This trade represents a 1.52% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alpha Metallurgical Resources Price Performance

NYSE AMR traded down $0.57 during trading on Thursday, reaching $193.85. The company’s stock had a trading volume of 513,838 shares, compared to its average volume of 344,798. The stock has a market capitalization of $2.46 billion, a PE ratio of -54.15 and a beta of 0.65. 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 firm has a fifty day moving average of $159.37 and a 200 day moving average of $180.80. Alpha Metallurgical Resources, Inc. has a one year low of $133.64 and a one year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $421.29 million during the quarter, compared to analyst estimates of $521.61 million. During the same period in the previous year, the business earned ($0.38) earnings per share. The firm’s quarterly revenue was down 10.4% compared to the same quarter last year. Analysts expect that Alpha Metallurgical Resources, Inc. will post 0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMR has been the topic of several recent research reports. Weiss Ratings downgraded Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Wall Street Zen cut Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. B. Riley Financial lowered their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a $160.00 price target on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Alpha Metallurgical Resources currently has an average rating of “Reduce” and an average price target of $176.00.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several large investors have recently bought and sold shares of AMR. Los Angeles Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after purchasing an additional 112 shares during the period. Leonteq Securities AG purchased a new stake in Alpha Metallurgical Resources during the first quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth $45,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 2nd quarter valued at $49,000. 84.29% of the stock is currently owned by institutional investors.

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.