Brokerages Set Alpha Metallurgical Resources, Inc. (NYSE:AMR) Target Price at $195.33

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has earned a consensus recommendation of “Reduce” from the six analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $195.3333.

A number of research firms have issued reports on AMR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. Zacks Research lowered Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Atlantic Securities set a $194.00 target price on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, B. Riley Financial raised their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th.

Alpha Metallurgical Resources Price Performance

AMR stock opened at $193.76 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The firm has a market capitalization of $2.46 billion, a P/E ratio of -64.59 and a beta of 0.62. The business’s 50-day moving average is $193.27 and its two-hundred day moving average is $197.44. Alpha Metallurgical Resources has a 1 year low of $97.41 and a 1 year high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.86). The company had revenue of $447.32 million for the quarter, compared to analyst estimates of $535.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.Alpha Metallurgical Resources’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned ($2.60) EPS. Analysts anticipate that Alpha Metallurgical Resources will post 11.98 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis bought 10,000 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were acquired at an average price of $200.73 per share, with a total value of $2,007,300.00. Following the transaction, the director owned 985,394 shares of the company’s stock, valued at approximately $197,798,137.62. The trade was a 1.03% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Jason E. Whitehead sold 3,901 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the sale, the chief operating officer directly owned 10,450 shares in the company, valued at $2,218,326. This trade represents a 27.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMR. Systrade AG acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $55,966,000. Crocodile Capital Partners GmbH acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $40,999,000. State Street Corp increased its position in Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after buying an additional 185,281 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in Alpha Metallurgical Resources by 206.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock worth $49,683,000 after buying an additional 163,144 shares during the period. Finally, Contrarius Group Holdings Ltd acquired a new position in Alpha Metallurgical Resources during the third quarter worth approximately $12,146,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.