Alpha Metallurgical Resources (NYSE:AMR) Trading 3.8% Higher

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price traded up 3.8% on Tuesday . The company traded as high as $338.43 and last traded at $337.04. 60,582 shares changed hands during trading, a decline of 75% from the average session volume of 243,410 shares. The stock had previously closed at $324.80.

Wall Street Analysts Forecast Growth

Separately, B. Riley reduced their price target on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating for the company in a research report on Monday.

Alpha Metallurgical Resources Trading Down 2.0 %

The firm has a market cap of $4.45 billion, a PE ratio of 7.03 and a beta of 1.35. The company’s 50-day moving average is $348.56 and its 200 day moving average is $316.05.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, beating the consensus estimate of $8.78 by $4.10. The business had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The firm’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $13.37 EPS. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post 29.82 EPS for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, CEO Charles Andrew Eidson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the sale, the chief executive officer now owns 50,025 shares in the company, valued at approximately $18,162,076.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Alpha Metallurgical Resources news, Director David J. Stetson sold 4,502 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $388.26, for a total value of $1,747,946.52. Following the completion of the sale, the director now owns 20,104 shares in the company, valued at approximately $7,805,579.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Charles Andrew Eidson sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the completion of the sale, the chief executive officer now owns 50,025 shares of the company’s stock, valued at approximately $18,162,076.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,971 shares of company stock worth $55,479,986. 15.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hennessy Advisors Inc. raised its holdings in shares of Alpha Metallurgical Resources by 43.9% during the 1st quarter. Hennessy Advisors Inc. now owns 25,900 shares of the energy company’s stock valued at $8,577,000 after purchasing an additional 7,900 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Alpha Metallurgical Resources by 70.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,848 shares of the energy company’s stock valued at $1,274,000 after buying an additional 1,596 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new position in Alpha Metallurgical Resources in the 4th quarter valued at $519,000. PNC Financial Services Group Inc. grew its stake in Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after buying an additional 161 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Alpha Metallurgical Resources by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock valued at $411,308,000 after buying an additional 61,915 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.

Alpha Metallurgical Resources Company Profile

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.