Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 7.8% – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) traded down 7.8% during trading on Friday . The company traded as low as $197.76 and last traded at $197.0050. 259,383 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 280,766 shares. The stock had previously closed at $213.72.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AMR shares. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Jefferies Financial Group restated a “hold” rating and set a $185.00 price target on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Zacks Research lowered shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Finally, B. Riley Financial boosted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a “neutral” rating in a report on Thursday, March 5th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $195.33.

Alpha Metallurgical Resources Price Performance

The stock’s fifty day moving average price is $195.16 and its 200-day moving average price is $193.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of -66.27 and a beta of 0.60.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting analysts’ consensus estimates 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 in the previous year, the firm posted ($2.60) earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis acquired 25,000 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of $176.23 per share, with a total value of $4,405,750.00. Following the completion of the transaction, the director owned 841,537 shares of the company’s stock, valued at approximately $148,304,065.51. This trade represents a 3.06% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Daniel E. Horn sold 971 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $170.05, for a total transaction of $165,118.55. Following the transaction, the insider directly owned 7,320 shares in the company, valued at $1,244,766. The trade was a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have purchased 73,000 shares of company stock valued at $13,368,910. Corporate insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently added to or reduced their stakes in AMR. Los Angeles Capital Management LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd grew its position in Alpha Metallurgical Resources by 215.4% in 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 in the last quarter. Leonteq Securities AG bought a new stake in Alpha Metallurgical Resources in the first quarter worth approximately $37,000. Hantz Financial Services Inc. grew its position in Alpha Metallurgical Resources by 361.5% in 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 in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in Alpha Metallurgical Resources in the fourth quarter worth approximately $45,000. 84.29% of the stock is owned by institutional investors.

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.