Analysts Set Alpha Metallurgical Resources, Inc. (NYSE:AMR) PT at $194.00

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been assigned a consensus rating of “Reduce” from the six brokerages that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $196.00.

Several analysts have recently weighed in on the company. B. Riley Financial boosted their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a report on Monday. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th.

Alpha Metallurgical Resources Stock Down 7.3%

Shares of NYSE:AMR opened at $169.37 on Tuesday. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $204.98 and a 200-day simple moving average of $178.23. The company has a market capitalization of $2.17 billion, a PE ratio of -35.73 and a beta of 0.79. Alpha Metallurgical Resources has a twelve month low of $97.41 and a twelve month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm had revenue of $520.47 million during the quarter, compared to analysts’ expectations of $538.45 million. During the same period in the previous year, the company earned ($0.16) earnings per share. Alpha Metallurgical Resources’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, equities analysts predict that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, CFO Joshua Todd Munsey sold 2,523 shares of Alpha Metallurgical Resources stock in a transaction 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 transaction, 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. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Gorzynski acquired 38,576 shares of the company’s stock in a transaction on Monday, December 15th. The stock was purchased at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the purchase, the director directly owned 644,025 shares in the company, valued at $121,398,712.50. This trade represents a 6.37% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 98,576 shares of company stock worth $17,994,174 over the last three months. 16.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $25,000. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd grew its holdings in 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. increased 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 buying an additional 188 shares in the last quarter. Finally, CWM LLC raised its stake in shares of 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 buying an additional 146 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.