Alpha Metallurgical Resources’ (AMR) “Neutral” Rating Reiterated at B. Riley Securities

B. Riley Securities reaffirmed their neutral rating on shares of Alpha Metallurgical Resources (NYSE:AMR) in a report published on Wednesday morning,Benzinga reports. B. Riley Securities currently has a $203.00 price objective on the energy company’s stock, down from their previous price objective of $204.00.

AMR has been the topic of several other reports. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Jefferies Financial Group increased their target price on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial lowered shares of Alpha Metallurgical Resources from a “buy” rating to a “neutral” rating and decreased their price target for the company from $204.00 to $203.00 in a report on Wednesday. Five research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $203.67.

Alpha Metallurgical Resources Stock Up 2.3%

Shares of Alpha Metallurgical Resources stock opened at $206.39 on Wednesday. The business has a 50-day moving average price of $208.59 and a 200 day moving average price of $172.59. 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 $2.65 billion, a P/E ratio of -57.97 and a beta of 0.78.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative return on equity of 2.88% and a negative net margin of 2.09%.The firm had revenue of $526.78 million during the quarter, compared to analyst estimates of $543.77 million. During the same quarter in the previous year, the business posted $0.29 EPS. Alpha Metallurgical Resources’s revenue was down 21.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Alpha Metallurgical Resources will post 14.31 earnings per share for the current year.

Insider Activity

In other news, Director Kenneth S. Courtis bought 36,000 shares of Alpha Metallurgical Resources stock in a transaction on Monday, December 8th. The stock was purchased at an average cost of $175.26 per share, with a total value of $6,309,360.00. Following the purchase, the director directly owned 770,537 shares of the company’s stock, valued at approximately $135,044,314.62. This trade represents a 4.90% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Gorzynski bought 38,576 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was purchased at an average price of $188.50 per share, with a total value of $7,271,576.00. Following the transaction, the director owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 98,576 shares of company stock valued at $17,994,174. 16.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new position in Alpha Metallurgical Resources in the 3rd quarter worth approximately $25,000. Hantz Financial Services Inc. raised its stake in Alpha Metallurgical Resources by 361.5% during the 3rd 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. CWM LLC grew its stake in shares of Alpha Metallurgical Resources by 146.0% in the third quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Alpha Metallurgical Resources by 48.9% in the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after purchasing an additional 87 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 85.4% during the third quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the period. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Company Profile

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.