Analysts Set Alpha Metallurgical Resources, Inc. (NYSE:AMR) Target Price at $195.33

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been assigned a consensus recommendation of “Reduce” from the seven research firms that are covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $187.75.

Several brokerages have issued reports on AMR. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. UBS Group began coverage on Alpha Metallurgical Resources in a report on Friday. They issued a “neutral” rating and a $165.00 price target on the stock. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Finally, Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th.

Alpha Metallurgical Resources Trading Down 0.3%

AMR stock opened at $146.31 on Monday. The company has a quick ratio of 2.81, a current ratio of 3.67 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources has a twelve month low of $113.00 and a twelve month high of $253.82. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -48.77 and a beta of 0.63. The firm’s fifty day simple moving average is $182.46 and its two-hundred day simple moving average is $194.99.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, hitting 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 firm had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same quarter last year, the business earned ($2.60) EPS. The business’s revenue was down 1.3% on a year-over-year basis. As a group, analysts anticipate that Alpha Metallurgical Resources will post 8.21 earnings per share for the current year.

Insider Transactions at Alpha Metallurgical Resources

In other news, EVP Mark Matthew Manno sold 460 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $214.64, for a total value of $98,734.40. Following the transaction, the executive vice president directly owned 3,966 shares in the company, valued at approximately $851,262.24. This represents a 10.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth S. Courtis purchased 10,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, June 12th. The stock was bought at an average cost of $200.73 per share, for a total transaction of $2,007,300.00. Following the purchase, the director directly owned 985,394 shares in the company, valued at $197,798,137.62. This trade represents a 1.03% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Hedge funds have recently added to or reduced their stakes in the stock. Dalal Street LLC raised its stake in shares of Alpha Metallurgical Resources by 2.1% during the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock valued at $108,535,000 after acquiring an additional 11,000 shares in the last quarter. Kettle Hill Capital Management LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter worth approximately $4,823,000. Systrade AG bought a new position in Alpha Metallurgical Resources in the fourth quarter worth approximately $55,966,000. Crocodile Capital Partners GmbH purchased a new position in Alpha Metallurgical Resources during the 4th quarter worth $40,999,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Alpha Metallurgical Resources during the 3rd quarter worth $1,495,000. 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.