Alpha Metallurgical Resources (NYSE:AMR) Director Acquires $2,838,300.00 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR) Director Kenneth Courtis acquired 15,000 shares of the stock in a transaction on Tuesday, May 12th. The shares were bought at an average price of $189.22 per share, with a total value of $2,838,300.00. Following the purchase, the director directly owned 975,394 shares of the company’s stock, valued at $184,564,052.68. The trade was a 1.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alpha Metallurgical Resources Stock Up 0.0%

Shares of NYSE:AMR opened at $179.72 on Monday. The stock has a fifty day simple moving average of $194.58 and a two-hundred day simple moving average of $192.51. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -59.91 and a beta of 0.60. Alpha Metallurgical Resources, Inc. has a 12-month low of $97.41 and a 12-month high of $253.82. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, May 8th. The energy company reported ($0.86) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The business had revenue of $447.32 million during the quarter, compared to analysts’ expectations of $535.15 million. During the same quarter in the previous year, the business earned ($2.60) earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on AMR shares. B. Riley Financial lifted their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a report on Thursday, March 5th. Texas Capital downgraded Alpha Metallurgical Resources from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Atlantic Securities set a $194.00 price objective on Alpha Metallurgical Resources in a report on Thursday, April 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Finally, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Alpha Metallurgical Resources has an average rating of “Reduce” and a consensus price target of $195.33.

Institutional Trading of Alpha Metallurgical Resources

Hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at $29,000. Caitong International Asset Management Co. Ltd increased its position in Alpha Metallurgical Resources by 215.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company’s stock valued at $33,000 after acquiring an additional 112 shares during the last quarter. Leonteq Securities AG purchased a new stake in Alpha Metallurgical Resources during the first quarter valued at $37,000. Aster Capital Management DIFC Ltd purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at $45,000. Finally, Hantz Financial Services Inc. increased its position 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 valued at $39,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.