Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 1,150,000 shares, an increase of 5.5% from the August 31st total of 1,090,000 shares. Based on an average daily volume of 229,700 shares, the short-interest ratio is currently 5.0 days. Approximately 10.6% of the company’s stock are sold short.
Analysts Set New Price Targets
AMR has been the topic of a number of research reports. B. Riley dropped their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th.
Get Our Latest Report on Alpha Metallurgical Resources
Institutional Inflows and Outflows
Alpha Metallurgical Resources Stock Down 1.6 %
AMR stock opened at $232.31 on Wednesday. The business has a 50 day moving average of $238.00 and a 200 day moving average of $285.40. The firm has a market cap of $3.02 billion, a PE ratio of 5.63 and a beta of 1.30. Alpha Metallurgical Resources has a twelve month low of $185.00 and a twelve month high of $452.00.
Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.03. The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company’s revenue was down 6.3% on a year-over-year basis. During the same period last year, the company earned $12.16 earnings per share. On average, research analysts expect that Alpha Metallurgical Resources will post 20.67 earnings per share for the current fiscal year.
About Alpha Metallurgical Resources
Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.
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