Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been given a consensus rating of “Reduce” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $176.00.

AMR has been the subject of several recent analyst reports. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 27th. UBS Group started coverage on shares of Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 price target for the company. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price objective on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Wall Street Zen lowered Alpha Metallurgical Resources from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, B. Riley Financial cut their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a research note on Thursday, August 20th.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth Courtis acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $225.83 per share, with a total value of $2,258,300.00. Following the completion of the acquisition, the director directly owned 1,035,394 shares of the company’s stock, valued at approximately $233,823,027.02. The trade was a 0.98% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased 35,000 shares of company stock valued at $7,388,400 in the last quarter. 18.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Alpha Metallurgical Resources during the 2nd quarter worth $299,230,000. Dimensional Fund Advisors LP boosted its holdings in Alpha Metallurgical Resources by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company’s stock worth $148,192,000 after buying an additional 38,300 shares in the last quarter. Dalal Street LLC boosted its holdings in Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after buying an additional 11,000 shares in the last quarter. Crocodile Capital Partners GmbH grew its position in Alpha Metallurgical Resources by 0.4% during the second quarter. Crocodile Capital Partners GmbH now owns 245,119 shares of the energy company’s stock worth $40,430,000 after buying an additional 1,000 shares during the period. Finally, Goehring & Rozencwajg Associates LLC increased its holdings in Alpha Metallurgical Resources by 206.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock valued at $49,683,000 after buying an additional 163,144 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Alpha Metallurgical Resources Trading Down 3.8%

NYSE:AMR opened at $181.32 on Friday. The firm has a market cap of $2.30 billion, a P/E ratio of -50.65 and a beta of 0.68. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $180.00 and its 200-day simple moving average is $185.01. Alpha Metallurgical Resources has a 12-month low of $133.64 and a 12-month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, topping the consensus estimate of ($0.97) by $0.01. The firm had revenue of $421.29 million during the quarter, compared to the consensus estimate of $521.61 million. Alpha Metallurgical Resources had a negative return on equity of 2.99% and a negative net margin of 2.23%.The company’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period last year, the company earned ($0.38) earnings per share. Equities analysts anticipate that Alpha Metallurgical Resources will post -2.4 EPS for the current year.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc is a mining company that produces and markets metallurgical coal, a key raw material used in steelmaking. Its products include premium and high-volatility metallurgical coal, as well as thermal coal, which is used primarily for electricity generation.

The company operates underground and surface mines and related processing facilities in Central Appalachia, principally in Virginia and West Virginia. Alpha sells its coal to domestic and international steel producers, coke manufacturers, and other industrial customers, serving markets in North America, Asia, Europe, and elsewhere.

Alpha Metallurgical Resources was formed from the restructuring of the former Alpha Natural Resources business and operated as Contura Energy before adopting its current name in 2021.