Alpha Metallurgical Resources (NYSE:AMR) Trading 5.7% Higher on Analyst Upgrade

Alpha Metallurgical Resources, Inc. (NYSE:AMR) shares rose 5.7% during trading on Tuesday after B. Riley raised their price target on the stock from $374.00 to $375.00. B. Riley currently has a buy rating on the stock. Alpha Metallurgical Resources traded as high as $313.55 and last traded at $313.55. Approximately 23,983 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 238,406 shares. The stock had previously closed at $296.64.

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the sale, the director now owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director David J. Stetson sold 30,694 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now owns 26,054 shares in the company, valued at $10,220,984.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Jason E. Whitehead sold 23,187 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $366.04, for a total value of $8,487,369.48. Following the transaction, the chief operating officer now owns 25,384 shares in the company, valued at approximately $9,291,559.36. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 over the last 90 days. Company insiders own 16.40% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Alpha Metallurgical Resources by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock worth $411,308,000 after purchasing an additional 61,915 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Alpha Metallurgical Resources by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 725,152 shares of the energy company’s stock valued at $245,778,000 after buying an additional 22,856 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Alpha Metallurgical Resources in the third quarter valued at about $128,857,000. Dalal Street LLC raised its stake in Alpha Metallurgical Resources by 21.7% during the third quarter. Dalal Street LLC now owns 441,510 shares of the energy company’s stock worth $114,673,000 after acquiring an additional 78,861 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth about $139,291,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Performance

The firm’s fifty day moving average is $332.04 and its 200-day moving average is $325.40. The company has a market capitalization of $3.96 billion, a P/E ratio of 6.25 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $9.61 by ($0.02). The company had revenue of $864.07 million for the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the company posted $17.01 earnings per share. As a group, analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

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.