Kenneth Courtis Purchases 8,000 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis purchased 8,000 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were acquired at an average price of $191.07 per share, with a total value of $1,528,560.00. Following the completion of the acquisition, the director owned 874,537 shares in the company, valued at approximately $167,097,784.59. This trade represents a 0.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alpha Metallurgical Resources Stock Down 2.5%

Shares of NYSE:AMR opened at $193.86 on Friday. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. The business’s 50-day moving average is $199.57 and its 200-day moving average is $181.85. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -40.90 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, hitting the consensus estimate of ($1.34). The business had revenue of $436.33 million during the quarter, compared to analysts’ expectations of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The firm’s revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) earnings per share. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. B. Riley Financial raised their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Jefferies Financial Group reissued a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Finally, Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $196.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AMR. Financial Management Professionals Inc. bought a new stake in shares of Alpha Metallurgical Resources during the third quarter worth about $25,000. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in Alpha Metallurgical Resources by 215.4% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after acquiring an additional 112 shares in the last quarter. Hantz Financial Services Inc. boosted 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 purchasing an additional 188 shares during the last quarter. Finally, CWM LLC increased its holdings in Alpha Metallurgical Resources by 146.0% during the 3rd 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. 84.29% of the stock is owned by institutional investors.

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.