Alpha Metallurgical Resources (NYSE:AMR) Director Kenneth Courtis Buys 9,000 Shares of Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis bought 9,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were bought at an average price of $188.16 per share, for a total transaction of $1,693,440.00. Following the completion of the acquisition, the director owned 816,537 shares of the company’s stock, valued at approximately $153,639,601.92. This represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR opened at $205.51 on Thursday. The business’s 50-day simple moving average is $167.23 and its 200-day simple moving average is $145.59. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $217.25. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -57.00 and a beta of 0.91.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The company had revenue of $526.78 million for the quarter, compared to analyst estimates of $543.77 million. During the same quarter last year, the business earned $0.29 EPS. The company’s revenue for the quarter was down 21.6% on a year-over-year basis. As a group, equities research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently made changes to their positions in the business. Financial Management Professionals Inc. bought a new stake in Alpha Metallurgical Resources in the third quarter valued at about $25,000. Summit Securities Group LLC acquired a new stake in Alpha Metallurgical Resources in the 1st quarter valued at $38,000. Hantz Financial Services Inc. raised its holdings in Alpha Metallurgical Resources by 361.5% during 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. CWM LLC raised its stake in shares of Alpha Metallurgical Resources by 146.0% during the 3rd quarter. CWM LLC now owns 246 shares of the energy company’s stock worth $40,000 after purchasing an additional 146 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Alpha Metallurgical Resources by 48.9% during the third quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company’s stock worth $43,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Monday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $160.50.

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.