B. Riley Issues Pessimistic Forecast for Alpha Metallurgical Resources (NYSE:AMR) Stock Price

Alpha Metallurgical Resources (NYSE:AMR) had its price target decreased by B. Riley from $183.00 to $181.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. B. Riley’s target price points to a potential upside of 44.09% from the company’s current price. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q1 2027 earnings at $10.05 EPS.

Alpha Metallurgical Resources Trading Up 3.4%

Shares of AMR opened at $125.61 on Thursday. The stock has a market cap of $1.64 billion, a P/E ratio of 4.61 and a beta of 0.72. The company has a 50-day moving average of $123.11 and a two-hundred day moving average of $172.90. Alpha Metallurgical Resources has a 12-month low of $100.00 and a 12-month high of $334.72.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.06) by ($1.54). The business had revenue of $531.96 million for the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue was down 38.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.59 EPS. As a group, analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently modified their holdings of AMR. Signaturefd LLC lifted its stake in shares of Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company’s stock valued at $25,000 after buying an additional 150 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company’s stock valued at $28,000 after buying an additional 150 shares during the period. Summit Securities Group LLC purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at approximately $38,000. New Age Alpha Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $40,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $50,000. Hedge funds and other 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.