Alpha Metallurgical Resources (NYSE:AMR) Price Target Lowered to $189.00 at B. Riley Financial

Alpha Metallurgical Resources (NYSE:AMR) had its price objective dropped by stock analysts at B. Riley Financial from $194.00 to $189.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the energy company’s stock. B. Riley Financial’s price target would indicate a potential upside of 29.95% from the company’s current price.

Several other research analysts have also recently weighed in on the company. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Wednesday, June 24th. Jefferies Financial Group reaffirmed a “hold” rating and set a $160.00 price objective on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 21st. UBS Group began coverage on shares of Alpha Metallurgical Resources in a report on Friday, July 10th. They set a “neutral” rating and a $165.00 target price for the company. Finally, Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $177.00.

Alpha Metallurgical Resources Price Performance

Shares of AMR opened at $145.44 on Tuesday. The business’s 50-day moving average is $173.61 and its two-hundred day moving average is $190.43. The company has a market capitalization of $1.85 billion, a P/E ratio of -48.48 and a beta of 0.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. Alpha Metallurgical Resources has a fifty-two week low of $113.00 and a fifty-two week high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The business had revenue of $447.32 million during the quarter, compared to analyst estimates of $535.15 million. During the same quarter last year, the business posted ($2.60) EPS. The company’s revenue was down 1.3% on a year-over-year basis. Research analysts predict that Alpha Metallurgical Resources will post 8.21 earnings per share for the current year.

Insider Activity

In related news, COO Jason E. Whitehead sold 3,901 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $212.28, for a total value of $828,104.28. Following the completion of the transaction, the chief operating officer owned 10,450 shares of the company’s stock, valued at approximately $2,218,326. This represents a 27.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis purchased 10,000 shares of the stock in a transaction on Friday, June 12th. The shares were acquired at an average price of $200.73 per share, for a total transaction of $2,007,300.00. Following the transaction, the director directly owned 985,394 shares of the company’s stock, valued at $197,798,137.62. This represents a 1.03% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 18.20% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

Institutional investors have recently bought and sold shares of the business. Dalal Street LLC raised its stake in shares of Alpha Metallurgical Resources by 2.1% during the 4th 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. Kettle Hill Capital Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $4,823,000. Marnell Management LLC purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at approximately $1,116,000. Impala Asset Management LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at $4,397,000. Finally, Goehring & Rozencwajg Associates LLC grew its stake in Alpha Metallurgical Resources by 206.8% in the 1st quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock valued at $49,683,000 after acquiring an additional 163,144 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.