Alpha Metallurgical Resources (NYSE:AMR) Trading Down 4.6%

Alpha Metallurgical Resources, Inc. (NYSE:AMR) fell 4.6% during mid-day trading on Tuesday . The company traded as low as $316.95 and last traded at $317.81. 43,109 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 241,361 shares. The stock had previously closed at $333.00.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

Alpha Metallurgical Resources Trading Up 0.8 %

The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 6.66 and a beta of 1.35. The stock’s 50-day moving average price is $343.77 and its 200-day moving average price is $318.98.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. During the same quarter in the previous year, the company earned $13.37 EPS. Alpha Metallurgical Resources’s quarterly revenue was up 16.6% compared to the same quarter last year. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the transaction, the chief accounting officer now owns 10,720 shares in the company, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 in the last quarter. Company insiders own 15.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $33,000. Wetzel Investment Advisors Inc. acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $34,000. Quadrant Capital Group LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $35,000. Creekmur Asset Management LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $36,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth $41,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

About Alpha Metallurgical Resources

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.