Alpha Metallurgical Resources (NYSE:AMR) Receives Neutral Rating from B. Riley Securities

Alpha Metallurgical Resources (NYSE:AMR)‘s stock had its “neutral” rating reiterated by B. Riley Securities in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $203.00 price target on the energy company’s stock, down from their previous price target of $204.00. B. Riley Securities’ target price points to a potential downside of 1.82% from the stock’s current price.

Several other research analysts also recently weighed in on AMR. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. B. Riley Financial downgraded shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and reduced their price target for the company from $204.00 to $203.00 in a report on Wednesday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, Jefferies Financial Group raised their price objective on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the company a “hold” rating in a research report on Tuesday, January 20th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Alpha Metallurgical Resources presently has a consensus rating of “Reduce” and an average price target of $203.67.

Alpha Metallurgical Resources Stock Performance

Shares of AMR traded up $5.00 during mid-day trading on Wednesday, reaching $206.76. The stock had a trading volume of 131,963 shares, compared to its average volume of 263,099. The business has a fifty day moving average of $207.64 and a 200 day moving average of $172.03. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of -58.08 and a beta of 0.78. Alpha Metallurgical Resources has a 12 month low of $97.41 and a 12 month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.07). The business had revenue of $526.78 million during the quarter, compared to analysts’ expectations of $543.77 million. Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The company’s quarterly revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. On average, research analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 8,125 shares of the company’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $188.32, for a total value of $1,530,100.00. Following the transaction, the insider owned 4,989 shares of the company’s stock, valued at $939,528.48. This represents a 61.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Gorzynski bought 38,576 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $188.50 per share, with a total value of $7,271,576.00. Following the completion of the transaction, the director owned 644,025 shares of the company’s stock, valued at approximately $121,398,712.50. The trade was a 6.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 98,576 shares of company stock worth $17,994,174 in the last quarter. 16.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. bought a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at $25,000. Hantz Financial Services Inc. lifted its stake in Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after acquiring an additional 188 shares during the period. CWM LLC lifted its stake in Alpha Metallurgical Resources by 146.0% in the third quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after acquiring an additional 146 shares during the period. Farther Finance Advisors LLC grew its holdings in Alpha Metallurgical Resources by 48.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after acquiring an additional 87 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Alpha Metallurgical Resources by 85.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.