Alpha Metallurgical Resources (NYSE:AMR) Price Target Raised to $207.00

Alpha Metallurgical Resources (NYSE:AMR) had its target price lifted by B. Riley Financial from $203.00 to $207.00 in a report issued on Thursday morning,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

AMR has been the subject of a number of other reports. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Finally, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $196.00.

Alpha Metallurgical Resources Price Performance

Shares of NYSE AMR opened at $168.58 on Thursday. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of -35.57 and a beta of 0.79. The business has a 50-day moving average of $204.25 and a 200-day moving average of $178.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. Alpha Metallurgical Resources has a fifty-two week low of $97.41 and a fifty-two week high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business had revenue of $436.33 million for the quarter, compared to the consensus estimate of $538.45 million. During the same quarter in the previous year, the business earned ($0.16) earnings per share. Alpha Metallurgical Resources’s quarterly revenue was down 15.7% on a year-over-year basis. As a group, sell-side analysts predict that Alpha Metallurgical Resources will post 14.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Michael Gorzynski purchased 38,576 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average price of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the acquisition, the director owned 644,025 shares of the company’s stock, valued at approximately $121,398,712.50. This trade represents a 6.37% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenneth S. Courtis purchased 36,000 shares of the stock in a transaction on Monday, December 8th. The shares were acquired at an average cost of $175.26 per share, for a total transaction of $6,309,360.00. Following the transaction, the director owned 770,537 shares of the company’s stock, valued at approximately $135,044,314.62. The trade was a 4.90% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 98,576 shares of company stock worth $17,994,174. Company insiders own 16.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AMR. Financial Management Professionals Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at $25,000. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after purchasing an additional 112 shares during the last quarter. Hantz Financial Services Inc. raised its position in shares of Alpha Metallurgical Resources by 361.5% in the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after purchasing an additional 188 shares during the period. Finally, CWM LLC raised its position 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 valued at $40,000 after purchasing an additional 146 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.