Kenneth Courtis Buys 15,000 Shares of Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The shares were acquired at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the completion of the purchase, the director owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. The trade was a 1.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Alpha Metallurgical Resources Price Performance

AMR stock traded down $2.22 on Friday, hitting $179.72. 336,372 shares of the company’s stock traded hands, compared to its average volume of 244,415. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -59.91 and a beta of 0.60. The stock has a fifty day moving average of $194.58 and a 200-day moving average of $192.31. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting the consensus estimate of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same period in the prior year, the business earned ($2.60) earnings per share. The business’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts forecast that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMR has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. B. Riley Financial upped their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, 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. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Alpha Metallurgical Resources presently has a consensus rating of “Reduce” and a consensus price target of $195.33.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd lifted its position in shares of 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. Leonteq Securities AG purchased a new stake in shares of Alpha Metallurgical Resources in the 1st quarter valued at approximately $37,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $45,000. Finally, Hantz Financial Services Inc. lifted its position in shares of Alpha Metallurgical Resources by 361.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock valued at $39,000 after acquiring an additional 188 shares in 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.