Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives $194.00 Consensus PT from Brokerages

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been given an average rating of “Reduce” by the six ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $196.00.

A number of research firms recently issued reports on AMR. Jefferies Financial Group reiterated a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. 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. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, February 5th. Texas Capital lowered shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Michael Gorzynski acquired 38,576 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was purchased 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 directly owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel E. Horn sold 8,125 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $188.32, for a total value of $1,530,100.00. Following the transaction, the insider directly owned 4,989 shares in the company, valued at $939,528.48. The trade was a 61.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders acquired 62,576 shares of company stock valued at $11,684,814 and sold 11,619 shares valued at $2,157,533. 16.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of large investors have recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in Alpha Metallurgical Resources during the 3rd quarter valued at $25,000. Los Angeles Capital Management LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $29,000. Caitong International Asset Management Co. Ltd lifted its stake 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 buying an additional 112 shares in the last quarter. Hantz Financial Services Inc. lifted its stake 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 grew its holdings in shares of Alpha Metallurgical Resources by 146.0% during the third quarter. CWM LLC now owns 246 shares of the energy company’s stock valued at $40,000 after buying an additional 146 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Trading Up 4.2%

Shares of AMR stock opened at $175.72 on Tuesday. Alpha Metallurgical Resources has a fifty-two week low of $97.41 and a fifty-two week high of $253.82. 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 stock has a 50 day simple moving average of $203.65 and a two-hundred day simple moving average of $179.26. The company has a market cap of $2.25 billion, a P/E ratio of -37.07 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($1.34). The firm had revenue of $436.33 million for 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 company’s revenue for the quarter was down 15.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.16) EPS. Research analysts forecast that Alpha Metallurgical Resources will post 14.31 earnings per share for the current year.

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.