Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives $196.00 Consensus PT from Analysts

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has earned a consensus recommendation of “Reduce” from the six brokerages that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $196.00.

A number of research analysts have recently commented on the company. Benchmark reissued 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 report on Monday, March 2nd. Zacks Research raised Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. B. Riley Financial increased their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Finally, Texas Capital lowered Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $187.43 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of -39.54 and a beta of 0.73. The business’s 50-day simple moving average is $191.28 and its 200-day simple moving average is $189.59. Alpha Metallurgical Resources has a 52 week low of $97.41 and a 52 week high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, meeting analysts’ consensus estimates of ($1.34). The business had revenue of $436.33 million for the quarter, compared to analyst estimates 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 for the quarter was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) EPS. As a group, equities research analysts expect that Alpha Metallurgical Resources will post 18.43 earnings per share for the current fiscal year.

Insider Activity

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 971 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the sale, the insider owned 7,320 shares of the company’s stock, valued at $1,244,766. This trade represents a 11.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total value of $462,314.52. Following the completion of the sale, the chief financial officer directly owned 4,735 shares in the company, valued at $867,641.40. This trade represents a 34.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have purchased 58,000 shares of company stock valued at $10,530,610. Insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at approximately $985,000. First Citizens Bank & Trust Co. grew its holdings in Alpha Metallurgical Resources by 1.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock valued at $811,000 after buying an additional 72 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at approximately $233,000. Regal Partners Ltd acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at approximately $977,000. Finally, Empowered Funds LLC grew its holdings in Alpha Metallurgical Resources by 47.3% in the 4th quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock valued at $4,162,000 after buying an additional 6,684 shares during the last quarter. Institutional investors and hedge funds 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.