Alpha Metallurgical Resources (NYSE:AMR) Stock Rating Reaffirmed by Benchmark

Alpha Metallurgical Resources (NYSE:AMR)‘s stock had its “hold” rating reaffirmed by stock analysts at Benchmark in a research report issued to clients and investors on Tuesday, Benzinga reports.

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

Alpha Metallurgical Resources Trading Down 10.9 %

Shares of Alpha Metallurgical Resources stock opened at $296.40 on Tuesday. The company has a fifty day simple moving average of $334.71 and a 200-day simple moving average of $324.80. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 6.09 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period last year, the company earned $17.01 earnings per share. On average, analysts forecast that Alpha Metallurgical Resources will post 29.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, CEO Charles Andrew Eidson sold 30,000 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total value of $10,891,800.00. Following the transaction, the chief executive officer now directly owns 50,025 shares of the company’s stock, valued at approximately $18,162,076.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel E. Horn sold 100 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the transaction, the insider now owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Charles Andrew Eidson sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the transaction, the chief executive officer now directly owns 50,025 shares in the company, valued at $18,162,076.50. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock valued at $55,479,986 over the last three months. 16.40% of the stock is currently owned by company insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $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 purchased a new stake in Alpha Metallurgical Resources during the fourth quarter worth $35,000. Creekmur Asset Management LLC purchased a new stake in Alpha Metallurgical Resources during the fourth quarter worth $36,000. Finally, PNC Financial Services Group Inc. grew its holdings in Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares during the last quarter. Hedge funds and other institutional investors 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.