Alpha Metallurgical Resources (NYSE:AMR) Shares Gap Down – Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $198.91, but opened at $191.00. Alpha Metallurgical Resources shares last traded at $190.5650, with a volume of 71,811 shares traded.

Wall Street Analyst Weigh In

AMR has been the subject of several recent analyst reports. B. Riley Financial increased their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research note on Thursday, March 5th. Texas Capital cut Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Jefferies Financial Group reissued a “hold” rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Zacks Research raised Alpha Metallurgical Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Alpha Metallurgical Resources presently has an average rating of “Reduce” and an average price target of $196.00.

Alpha Metallurgical Resources Stock Performance

The firm has a market capitalization of $2.41 billion, a PE ratio of -39.66 and a beta of 0.73. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. The firm has a fifty day moving average price of $191.24 and a 200 day moving average price of $189.47.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, meeting the consensus estimate of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business had revenue of $436.33 million during the quarter, compared to the consensus estimate of $538.45 million. During the same period in the prior year, the business posted ($0.16) earnings per share. Alpha Metallurgical Resources’s revenue was down 15.7% compared to the same quarter last year. Research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 18.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel E. Horn sold 971 shares of the stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $170.05, for a total value of $165,118.55. Following the completion of the sale, the insider directly owned 7,320 shares of the company’s stock, valued at approximately $1,244,766. This represents a 11.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joshua Todd Munsey sold 2,523 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $183.24, for a total value of $462,314.52. Following the completion of the sale, the chief financial officer directly owned 4,735 shares of the company’s stock, valued at approximately $867,641.40. This represents a 34.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 58,000 shares of company stock valued at $10,530,610. Corporate insiders own 18.20% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds have recently bought and sold shares of the business. Investment House LLC raised its stake in shares of Alpha Metallurgical Resources by 112.4% during the 3rd quarter. Investment House LLC now owns 12,341 shares of the energy company’s stock worth $2,025,000 after purchasing an additional 6,531 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Alpha Metallurgical Resources by 83.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 20,719 shares of the energy company’s stock worth $3,400,000 after purchasing an additional 9,412 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alpha Metallurgical Resources by 21.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 91,732 shares of the energy company’s stock worth $15,052,000 after purchasing an additional 16,295 shares in the last quarter. Systrade AG purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth about $55,966,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter worth about $12,146,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.