Alpha Metallurgical Resources (NYSE:AMR) Hits New 52-Week Low – Here’s Why

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) hit a new 52-week low on Friday . The stock traded as low as $185.00 and last traded at $186.45, with a volume of 18563 shares changing hands. The stock had previously closed at $187.42.

Wall Street Analysts Forecast Growth

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Price Performance

The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 6.62 and a beta of 1.48. The business has a fifty day moving average of $222.91 and a 200 day moving average of $239.17.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to analyst estimates of $672.95 million. During the same quarter in the prior year, the business earned $6.65 earnings per share. Alpha Metallurgical Resources’s revenue was down 9.4% on a year-over-year basis. On average, equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares in the company, valued at $138,002,415.66. This represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 15.00% of the stock is owned by corporate insiders.

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently bought and sold shares of AMR. Creative Planning increased its stake in Alpha Metallurgical Resources by 2.9% in the second quarter. Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after purchasing an additional 43 shares during the period. GAMMA Investing LLC grew its stake in shares of Alpha Metallurgical Resources by 124.6% in the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock valued at $32,000 after purchasing an additional 76 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Alpha Metallurgical Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company’s stock worth $280,000 after purchasing an additional 83 shares during the last quarter. Federated Hermes Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the second quarter worth $25,000. Finally, The Manufacturers Life Insurance Company grew its position in Alpha Metallurgical Resources by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,695 shares of the energy company’s stock valued at $1,878,000 after buying an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.