Alpha Metallurgical Resources (NYSE:AMR) Shares Up 6.5% – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price was up 6.5% during mid-day trading on Thursday . The stock traded as high as $206.47 and last traded at $208.7950. Approximately 76,831 shares traded hands during trading, a decline of 73% from the average daily volume of 284,660 shares. The stock had previously closed at $196.08.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Finally, Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Four investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $196.00.

Alpha Metallurgical Resources Price Performance

The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $201.21 and its two-hundred day moving average price is $181.13. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of -42.99 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The firm had revenue of $436.33 million during the quarter, compared to analysts’ expectations of $538.45 million. During the same quarter last year, the firm earned ($0.16) earnings per share. The business’s revenue for the quarter was down 15.7% on a year-over-year basis. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis bought 25,000 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was bought at an average cost of $176.23 per share, with a total value of $4,405,750.00. Following the completion of the transaction, the director directly owned 841,537 shares of the company’s stock, valued at approximately $148,304,065.51. The trade was a 3.06% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel E. Horn sold 971 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total transaction of $165,118.55. Following the transaction, the insider owned 7,320 shares in the company, valued at approximately $1,244,766. This trade represents a 11.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 50,000 shares of company stock worth $9,002,050. Insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of large investors have recently bought and sold shares of AMR. First Citizens Bank & Trust Co. raised its holdings in Alpha Metallurgical Resources by 1.8% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock valued at $811,000 after buying an additional 72 shares in the last quarter. EP Wealth Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth about $233,000. Regal Partners Ltd acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $977,000. Empowered Funds LLC raised its stake in shares of Alpha Metallurgical Resources by 47.3% in the 4th quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock valued at $4,162,000 after acquiring an additional 6,684 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at approximately $1,145,000. 84.29% of the stock is currently owned by institutional investors.

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.