Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives Consensus Rating of “Reduce” from Brokerages

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been assigned an average rating of “Reduce” from the six analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $196.00.

A number of equities research analysts have issued reports on AMR shares. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. B. Riley Financial increased their target price on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Finally, Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $223.14 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. Alpha Metallurgical Resources has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. The firm has a market cap of $2.85 billion, a PE ratio of -47.08 and a beta of 0.79. The business has a 50 day moving average price of $196.51 and a 200-day moving average price of $184.16.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, hitting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The company had revenue of $436.33 million for the quarter, compared to the consensus estimate of $538.45 million. During the same period in the previous year, the firm earned ($0.16) earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities research analysts predict that Alpha Metallurgical Resources will post 14.31 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, CFO Joshua Todd Munsey sold 2,523 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total transaction of $462,314.52. Following the completion of the transaction, the chief financial officer owned 4,735 shares in the company, valued at $867,641.40. This represents a 34.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel E. Horn sold 971 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the completion of the sale, the insider directly owned 7,320 shares of the company’s stock, valued at $1,244,766. The trade was a 11.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders acquired a total of 58,000 shares of company stock worth $10,530,610 over the last quarter. 16.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $25,000. Los Angeles Capital Management LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after acquiring an additional 112 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Alpha Metallurgical Resources by 361.5% during the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after acquiring an additional 188 shares in the last quarter. Finally, CWM LLC raised its position in shares of Alpha Metallurgical Resources by 146.0% in the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after purchasing an additional 146 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 (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.