Alpha Metallurgical Resources, Inc. (NYSE:AMR) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) have been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $195.3333.

Several brokerages recently issued reports on AMR. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “hold” rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Finally, Texas Capital downgraded shares of Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th.

Alpha Metallurgical Resources Trading Down 1.2%

Alpha Metallurgical Resources stock opened at $179.72 on Friday. The firm has a 50-day moving average of $194.58 and a 200-day moving average of $192.31. Alpha Metallurgical Resources has a one year low of $97.41 and a one year high of $253.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.67 and a quick ratio of 2.81. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -59.91 and a beta of 0.60.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, hitting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The company had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same period in the prior year, the business posted ($2.60) EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts expect that Alpha Metallurgical Resources will post 11.98 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, CFO Joshua Todd Munsey sold 2,523 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $183.24, for a total transaction of $462,314.52. Following the completion of the sale, the chief financial officer directly owned 4,735 shares in the company, valued at $867,641.40. This trade represents a 34.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Daniel E. Horn sold 971 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total transaction of $165,118.55. Following the sale, the insider owned 7,320 shares of the company’s stock, valued at $1,244,766. This trade represents a 11.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders purchased 73,000 shares of company stock worth $13,368,910 over the last three months. Insiders own 18.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Systrade AG bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth $55,966,000. Crocodile Capital Partners GmbH acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at $40,999,000. State Street Corp increased its holdings in Alpha Metallurgical Resources by 27.2% in the second quarter. State Street Corp now owns 865,934 shares of the energy company’s stock valued at $97,400,000 after purchasing an additional 185,281 shares during the period. Goehring & Rozencwajg Associates LLC increased its holdings in Alpha Metallurgical Resources by 206.8% in the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company’s stock valued at $49,683,000 after purchasing an additional 163,144 shares during the period. Finally, Contrarius Group Holdings Ltd acquired a new stake in Alpha Metallurgical Resources in the third quarter valued at $12,146,000. 84.29% of the stock is owned by institutional investors.

About Alpha Metallurgical Resources

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.