Alpha Metallurgical Resources (NYSE:AMR) Given New $374.00 Price Target at B. Riley

Alpha Metallurgical Resources (NYSE:AMR) had its price target trimmed by B. Riley from $381.00 to $374.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the energy company’s stock.

Alpha Metallurgical Resources Trading Down 0.8 %

Shares of AMR stock opened at $325.24 on Monday. Alpha Metallurgical Resources has a 1 year low of $132.72 and a 1 year high of $452.00. The firm’s 50 day moving average is $349.14 and its 200-day moving average is $315.23. The firm has a market capitalization of $4.23 billion, a price-to-earnings ratio of 6.68 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 earnings per share for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. The business had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. Alpha Metallurgical Resources’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $13.37 earnings per share. On average, equities research analysts forecast that Alpha Metallurgical Resources will post 37.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Roger Lee Nicholson sold 6,629 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares of the company’s stock, valued at $3,963,291.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the sale, the director now owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now directly owns 10,720 shares of the company’s stock, valued at approximately $3,963,291.20. 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 ninety days. Insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several large investors have recently bought and sold shares of AMR. Advisor Group Holdings Inc. increased its stake in Alpha Metallurgical Resources by 16,462.5% in the first quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock valued at $174,000 after purchasing an additional 1,317 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Alpha Metallurgical Resources by 111.5% in the first quarter. JPMorgan Chase & Co. now owns 87,196 shares of the energy company’s stock valued at $11,506,000 after purchasing an additional 45,975 shares in the last quarter. Sei Investments Co. bought a new stake in Alpha Metallurgical Resources in the first quarter valued at approximately $200,000. Ergoteles LLC bought a new stake in Alpha Metallurgical Resources in the first quarter valued at approximately $3,044,000. Finally, XTX Topco Ltd bought a new stake in Alpha Metallurgical Resources in the first quarter valued at approximately $255,000. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Company Profile

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.