Alpha Metallurgical Resources, Inc. (NYSE:AMR) Given Consensus Recommendation of “Reduce” by Brokerages

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been assigned a consensus recommendation of “Reduce” from the six research firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $195.3333.

AMR has been the subject of a number of research reports. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. B. Riley Financial boosted their target price on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Jefferies Financial Group reissued a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Finally, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd.

Alpha Metallurgical Resources Stock Up 0.5%

AMR opened at $194.56 on Thursday. 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 2.81 and a current ratio of 3.67. The company has a fifty day moving average of $194.62 and a two-hundred day moving average of $196.24. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of -64.85 and a beta of 0.62.

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

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis bought 15,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was acquired at an average price of $189.22 per share, with a total value of $2,838,300.00. Following the completion of the purchase, the director directly owned 975,394 shares of the company’s stock, valued at approximately $184,564,052.68. This trade represents a 1.56% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Matthew Manno sold 460 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total transaction of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares of the company’s stock, valued at $851,262.24. This represents a 10.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 18.20% of the company’s stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in Alpha Metallurgical Resources by 27.2% during the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 acquiring an additional 38,300 shares during the last quarter. Continental General Insurance Co. boosted its position in Alpha Metallurgical Resources by 6.4% during the fourth quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company’s stock worth $128,728,000 after acquiring an additional 38,576 shares during the last quarter. Dalal Street LLC boosted its position 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 acquiring an additional 11,000 shares during the last quarter. Finally, Gendell Jeffrey L boosted its position in Alpha Metallurgical Resources by 4.0% during the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after acquiring an additional 19,033 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.