Brokerages Set Alpha Metallurgical Resources, Inc. (NYSE:AMR) Target Price at $196.00

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been given a consensus recommendation of “Reduce” by the six analysts that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $196.00.

A number of research analysts have recently commented on AMR shares. B. Riley Financial lifted their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd.

Insider Buying and Selling

In related news, CFO Joshua Todd Munsey sold 2,523 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total transaction of $462,314.52. Following the transaction, the chief financial officer directly owned 4,735 shares of the company’s stock, valued at approximately $867,641.40. The trade was a 34.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth S. Courtis purchased 25,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were acquired at an average cost of $176.23 per share, with a total value of $4,405,750.00. Following the acquisition, the director directly owned 841,537 shares in the company, valued at approximately $148,304,065.51. The trade was a 3.06% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have acquired 58,000 shares of company stock valued at $10,530,610. 16.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Several large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $25,000. Los Angeles Capital Management LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its position in Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock worth $33,000 after acquiring an additional 112 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Alpha Metallurgical Resources by 361.5% during the third quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company’s stock worth $39,000 after acquiring an additional 188 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Alpha Metallurgical Resources by 146.0% during the third quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after acquiring an additional 146 shares during the period. 84.29% of the stock is owned by institutional investors.

Alpha Metallurgical Resources Trading Down 3.3%

NYSE AMR opened at $198.47 on Friday. The company has a market cap of $2.54 billion, a PE ratio of -41.87 and a beta of 0.79. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources has a 12 month low of $97.41 and a 12 month high of $253.82. The stock has a 50 day moving average of $194.70 and a 200-day moving average of $185.81.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts’ consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The business had revenue of $436.33 million for the quarter, compared to the consensus estimate of $538.45 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The firm’s revenue for the quarter was down 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Alpha Metallurgical Resources Company Profile

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.