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

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has received an average recommendation of “Reduce” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $196.00.

Several equities analysts have commented on AMR shares. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. B. Riley Financial increased their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Zacks Research downgraded Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 5th.

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Michael Gorzynski purchased 38,576 shares of the company’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of $188.50 per share, for a total transaction of $7,271,576.00. Following the completion of the transaction, the director owned 644,025 shares in the company, valued at $121,398,712.50. The trade was a 6.37% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth S. Courtis purchased 9,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $188.16 per share, with a total value of $1,693,440.00. Following the completion of the acquisition, the director directly owned 816,537 shares in the company, valued at $153,639,601.92. The trade was a 1.11% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 98,576 shares of company stock worth $17,994,174. Corporate insiders own 16.00% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in AMR. First Citizens Bank & Trust Co. increased its holdings in shares of Alpha Metallurgical Resources by 1.8% in 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 acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth $233,000. Regal Partners Ltd acquired a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth $977,000. Empowered Funds LLC raised its position in shares of Alpha Metallurgical Resources by 47.3% during the fourth quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock worth $4,162,000 after purchasing an additional 6,684 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $1,145,000. 84.29% of the stock is currently owned by institutional investors.

Alpha Metallurgical Resources Stock Down 0.3%

Shares of Alpha Metallurgical Resources stock opened at $168.58 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. Alpha Metallurgical Resources has a 1-year low of $97.41 and a 1-year high of $253.82. The business’s fifty day moving average price is $204.25 and its two-hundred day moving average price is $178.72. The company has a market capitalization of $2.16 billion, a P/E ratio of -35.57 and a beta of 0.79.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) 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 company had revenue of $436.33 million for the quarter, compared to analyst estimates of $538.45 million. During the same period last year, the company earned ($0.16) earnings per share. The company’s quarterly revenue was down 15.7% compared to the same quarter last year. As a group, research analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current year.

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.