Alpha Metallurgical Resources (NYSE:AMR) Stock Rating Lowered by Texas Capital

Alpha Metallurgical Resources (NYSE:AMR) was downgraded by investment analysts at Texas Capital from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group increased their target price on Alpha Metallurgical Resources from $165.00 to $205.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $188.00.

Alpha Metallurgical Resources Trading Down 5.1%

Shares of AMR opened at $209.89 on Thursday. The stock has a market cap of $2.70 billion, a P/E ratio of -58.96 and a beta of 0.79. The company has a 50-day moving average of $203.89 and a two-hundred day moving average of $169.63. Alpha Metallurgical Resources has a 12-month low of $97.41 and a 12-month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly 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 net margin of 2.09% and a negative return on equity of 2.88%. The business had revenue of $526.78 million during the quarter, compared to analyst estimates of $543.77 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. As a group, analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 8,125 shares of the stock in a transaction 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 owned 4,989 shares of the company’s stock, valued at $939,528.48. This represents a 61.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenneth S. Courtis acquired 36,000 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were acquired at an average price of $175.26 per share, for a total transaction of $6,309,360.00. Following the acquisition, the director directly 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. The SEC filing for this purchase provides additional information. In the last three months, insiders acquired 98,576 shares of company stock worth $17,994,174. Insiders own 16.00% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systrade AG purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $55,966,000. Crocodile Capital Partners GmbH acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $40,999,000. State Street Corp raised its stake in Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares during the period. Contrarius Group Holdings Ltd purchased a new position in Alpha Metallurgical Resources during the third quarter worth approximately $12,146,000. Finally, Dalal Street LLC boosted its holdings in shares of Alpha Metallurgical Resources by 15.6% in the 3rd quarter. Dalal Street LLC now owns 532,000 shares of the energy company’s stock valued at $87,296,000 after purchasing an additional 71,673 shares during the last quarter. Hedge funds and other 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.