B. Riley Financial Forecasts Strong Price Appreciation for Alpha Metallurgical Resources (NYSE:AMR) Stock

Alpha Metallurgical Resources (NYSE:AMR) had its price objective hoisted by equities researchers at B. Riley Financial from $203.00 to $207.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the energy company’s stock. B. Riley Financial’s price target would suggest a potential upside of 22.80% from the stock’s previous close.

A number of other equities analysts also recently commented on AMR. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Zacks Research downgraded shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday. Four research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and a consensus target price of $196.00.

Alpha Metallurgical Resources Trading Down 7.7%

AMR traded down $14.13 during trading on Thursday, hitting $168.56. 173,462 shares of the stock traded hands, compared to its average volume of 290,851. The firm has a market capitalization of $2.16 billion, a P/E ratio of -35.56 and a beta of 0.79. 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 50-day moving average of $205.75 and a 200 day moving average of $178.29. Alpha Metallurgical Resources has a 12-month low of $97.41 and a 12-month high of $253.82.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($1.34). The company had revenue of $520.47 million for the quarter, compared to analysts’ expectations of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.Alpha Metallurgical Resources’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period last year, the firm earned ($0.16) earnings per share. Equities research analysts anticipate that Alpha Metallurgical Resources will post 14.31 EPS for the current year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Michael Gorzynski bought 38,576 shares of the company’s stock in a transaction on Monday, December 15th. The shares were acquired at an average cost of $188.50 per share, with a total value of $7,271,576.00. Following the completion of the acquisition, the director owned 644,025 shares of the company’s stock, valued at $121,398,712.50. The trade was a 6.37% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis purchased 36,000 shares of the stock in a transaction dated Monday, December 8th. The stock was bought at an average cost of $175.26 per share, with a total value of $6,309,360.00. Following the transaction, the director owned 770,537 shares in the company, valued at $135,044,314.62. The trade was a 4.90% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 98,576 shares of company stock valued at $17,994,174 in the last 90 days. Corporate insiders own 16.00% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of large investors have recently added to or reduced their stakes in AMR. First Citizens Bank & Trust Co. boosted its stake in shares of Alpha Metallurgical Resources by 1.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company’s stock worth $811,000 after buying an additional 72 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $233,000. Regal Partners Ltd bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $977,000. Empowered Funds LLC boosted its position in Alpha Metallurgical Resources by 47.3% in the fourth quarter. Empowered Funds LLC now owns 20,822 shares of the energy company’s stock worth $4,162,000 after purchasing an additional 6,684 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $1,145,000. Institutional investors own 84.29% of the company’s stock.

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.