Analysts Set Alpha Metallurgical Resources, Inc. (NYSE:AMR) PT at $203.67

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been given a consensus recommendation of “Reduce” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $203.6667.

A number of equities research analysts recently weighed in on the company. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday. B.Riley Securit downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 4th. Jefferies Financial Group raised their price objective on shares of Alpha Metallurgical Resources from $165.00 to $205.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. B. Riley Securities reaffirmed a “neutral” rating and issued a $203.00 target price (down previously from $204.00) on shares of Alpha Metallurgical Resources in a research note on Wednesday, February 4th. Finally, Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th.

Insiders Place Their Bets

In related news, Director Michael Gorzynski acquired 38,576 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the acquisition, the director directly owned 644,025 shares in the company, valued at approximately $121,398,712.50. The trade was a 6.37% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel E. Horn sold 8,125 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $188.32, for a total transaction of $1,530,100.00. Following the transaction, the insider directly owned 4,989 shares of the company’s stock, valued at $939,528.48. This trade represents a 61.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have acquired a total of 98,576 shares of company stock valued at $17,994,174 in the last quarter. 16.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Alpha Metallurgical Resources by 55.0% in the first quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock valued at $254,000 after purchasing an additional 720 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Alpha Metallurgical Resources by 4.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock worth $820,000 after buying an additional 295 shares in the last quarter. Millennium Management LLC boosted its position in Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock valued at $13,290,000 after buying an additional 71,653 shares during the last quarter. Intech Investment Management LLC grew its stake in shares of Alpha Metallurgical Resources by 48.3% during the first quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock valued at $1,647,000 after acquiring an additional 4,281 shares in the last quarter. Finally, Mainstay Capital Management LLC ADV acquired a new stake in shares of Alpha Metallurgical Resources during the second quarter valued at about $263,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Up 2.3%

AMR stock opened at $206.39 on Friday. The business has a 50 day simple moving average of $208.59 and a 200-day simple moving average of $173.07. Alpha Metallurgical Resources has a twelve month low of $97.41 and a twelve month high of $253.82. The company has a market capitalization of $2.65 billion, a P/E ratio of -57.97 and a beta of 0.78.

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

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.