Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Purchases 5,000 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis bought 5,000 shares of the business’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $228.99 per share, for a total transaction of $1,144,950.00. Following the purchase, the director directly owned 1,025,394 shares in the company, valued at approximately $234,804,972.06. This represents a 0.49% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $235.84 on Tuesday. The company has a quick ratio of 2.37, a current ratio of 3.41 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12-month low of $133.64 and a 12-month high of $253.82. The company has a market capitalization of $2.99 billion, a PE ratio of -65.88 and a beta of 0.65. The firm’s 50 day moving average is $163.86 and its 200-day moving average is $181.67.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.97) by $0.01. The business had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.Alpha Metallurgical Resources’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) earnings per share. Equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Large investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $29,000. Nykredit A S acquired a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after purchasing an additional 112 shares in the last quarter. Leonteq Securities AG bought a new position in shares of Alpha Metallurgical Resources in the 1st quarter valued at $37,000. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AMR shares. B. Riley Financial dropped their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. Weiss Ratings cut shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a report on Tuesday, August 11th. Wall Street Zen cut Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. UBS Group initiated coverage on Alpha Metallurgical Resources in a research report on Friday, July 10th. They set a “neutral” rating and a $165.00 price target on the stock. Finally, Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $176.00.

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.