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

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have received a consensus rating of “Reduce” from the six analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $196.00.

A number of brokerages have commented on AMR. Texas Capital cut shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Jefferies Financial Group restated a “hold” rating and set a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research cut Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, B. Riley Financial lifted their target price on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th.

Alpha Metallurgical Resources Stock Down 0.1%

Alpha Metallurgical Resources stock opened at $209.06 on Friday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of -44.11 and a beta of 0.73. Alpha Metallurgical Resources has a 52-week low of $97.41 and a 52-week high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The firm has a 50 day moving average price of $193.74 and a two-hundred day moving average price of $186.34.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data 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 net margin of 2.90% and a negative return on equity of 3.88%. The company had revenue of $436.33 million for the quarter, compared to analyst estimates of $538.45 million. During the same period in the prior year, the firm posted ($0.16) EPS. The company’s quarterly revenue was down 15.7% on a year-over-year basis. Equities analysts predict that Alpha Metallurgical Resources will post 14.31 EPS for the current year.

Insider Transactions at Alpha Metallurgical Resources

In related news, insider Daniel E. Horn sold 971 shares of the stock in a transaction 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 of the company’s stock, valued at $1,244,766. This represents a 11.71% decrease in their ownership of the stock. The sale 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 8,000 shares of Alpha Metallurgical Resources stock in a transaction on Thursday, March 12th. The stock was bought at an average price of $191.07 per share, with a total value of $1,528,560.00. Following the completion of the acquisition, the director directly owned 874,537 shares of the company’s stock, valued at approximately $167,097,784.59. This trade represents a 0.92% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 58,000 shares of company stock valued at $10,530,610 in the last quarter. 16.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Alpha Metallurgical Resources by 55.0% during the first quarter. Royal Bank of Canada now owns 2,029 shares of the energy company’s stock valued at $254,000 after acquiring an additional 720 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Alpha Metallurgical Resources by 4.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,548 shares of the energy company’s stock worth $820,000 after purchasing an additional 295 shares during the period. Millennium Management LLC lifted its holdings in shares of Alpha Metallurgical Resources by 208.0% in the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company’s stock worth $13,290,000 after purchasing an additional 71,653 shares in the last quarter. Intech Investment Management LLC grew its position in Alpha Metallurgical Resources by 48.3% in the 1st quarter. Intech Investment Management LLC now owns 13,149 shares of the energy company’s stock valued at $1,647,000 after purchasing an additional 4,281 shares during the period. Finally, Geode Capital Management LLC grew its position in Alpha Metallurgical Resources by 6.1% in the 2nd quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company’s stock valued at $30,219,000 after purchasing an additional 15,525 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.