Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives $195.33 Average Target Price from Analysts

Alpha Metallurgical Resources, Inc. (NYSE:AMR) has been given a consensus rating of “Reduce” by the seven brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $187.75.

AMR has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Wednesday, June 24th. UBS Group initiated coverage on shares of Alpha Metallurgical Resources in a report on Friday. They issued a “neutral” rating and a $165.00 price target for the company. Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th.

Alpha Metallurgical Resources Stock Down 2.4%

Shares of Alpha Metallurgical Resources stock opened at $146.31 on Monday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of -48.77 and a beta of 0.63. Alpha Metallurgical Resources has a twelve month low of $113.00 and a twelve month high of $253.82. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $182.46 and its 200-day simple moving average is $195.06.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $535.15 million. During the same period last year, the firm posted ($2.60) EPS. Alpha Metallurgical Resources’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts forecast that Alpha Metallurgical Resources will post 8.21 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

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

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently modified their holdings of AMR. State Street Corp increased its stake in Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company’s stock worth $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $148,192,000 after buying an additional 38,300 shares in the last quarter. Continental General Insurance Co. lifted its stake 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 valued at $128,728,000 after buying an additional 38,576 shares in the last quarter. Dalal Street LLC boosted its holdings in shares of Alpha Metallurgical Resources by 2.1% in the fourth quarter. Dalal Street LLC now owns 543,000 shares of the energy company’s stock worth $108,535,000 after buying an additional 11,000 shares during the period. Finally, Gendell Jeffrey L boosted its holdings in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company’s stock worth $98,755,000 after buying an additional 19,033 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.