Alpha Metallurgical Resources' (AMR) "Sell (D)" Rating Reiterated at Weiss Ratings

Key Points

• Alpha Metallurgical Resources' stock was given a "sell (d)" rating by Weiss Ratings, reflecting a negative sentiment towards the company's performance.
• Despite the downgrade, B. Riley and Jefferies Financial Group have issued mixed ratings, with target prices set at $171.00 and increased to $150.00, respectively.
• The company reported a quarterly EPS of ($0.38), exceeding expectations, but also saw a 31.6% decline in revenue compared to the previous year.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

AMR has been the topic of a number of other research reports. B. Riley cut their target price on shares of Alpha Metallurgical Resources from $173.00 to $171.00 and set a "buy" rating on the stock in a research note on Tuesday, August 5th. Jefferies Financial Group boosted their price objective on shares of Alpha Metallurgical Resources from $110.00 to $150.00 and gave the company a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised shares of Alpha Metallurgical Resources from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $160.50.

Alpha Metallurgical Resources Trading Up 3.2%

AMR stock traded up $5.19 during trading on Wednesday, reaching $169.81. The stock had a trading volume of 188,084 shares, compared to its average volume of 331,676. Alpha Metallurgical Resources has a 1-year low of $97.41 and a 1-year high of $255.04. The company has a market capitalization of $2.22 billion, a P/E ratio of -59.58 and a beta of 0.94. The firm has a fifty day moving average price of $148.68 and a 200 day moving average price of $129.13.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($2.38) by $2.00. Alpha Metallurgical Resources had a negative net margin of 1.57% and a negative return on equity of 2.28%. The firm had revenue of $550.27 million for the quarter, compared to analyst estimates of $552.15 million. During the same quarter in the previous year, the business posted $4.49 EPS. The firm's revenue was down 31.6% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources will post 14.31 EPS for the current year.

Insider Activity at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis purchased 53,000 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Monday, September 15th. The stock was acquired at an average price of $154.68 per share, for a total transaction of $8,198,040.00. Following the transaction, the director owned 734,537 shares in the company, valued at $113,618,183.16. The trade was a 7.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Jason E. Whitehead sold 12,004 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $161.84, for a total transaction of $1,942,727.36. Following the completion of the sale, the chief operating officer owned 9,673 shares of the company's stock, valued at approximately $1,565,478.32. This trade represents a 55.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 16.00% of the company's stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in Alpha Metallurgical Resources by 11,100.3% in the 1st quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after buying an additional 34,633 shares in the last quarter. Mutual Advisors LLC bought a new position in shares of Alpha Metallurgical Resources during the 1st quarter valued at $603,000. SG Americas Securities LLC raised its holdings in shares of Alpha Metallurgical Resources by 204.5% during the 1st quarter. SG Americas Securities LLC now owns 8,376 shares of the energy company's stock valued at $1,049,000 after purchasing an additional 5,625 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Alpha Metallurgical Resources by 267.9% during the 1st quarter. AQR Capital Management LLC now owns 42,161 shares of the energy company's stock valued at $5,281,000 after purchasing an additional 30,700 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Alpha Metallurgical Resources by 40.2% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,385 shares of the energy company's stock valued at $173,000 after purchasing an additional 397 shares in 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, 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.

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