Alpha Metallurgical Resources (NYSE:AMR) Downgraded to Sell Rating by Wall Street Zen

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Thursday.

Separately, B. Riley cut their target price on shares of Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research note on Thursday, May 15th.

Alpha Metallurgical Resources Stock Down 3.5%

NYSE AMR traded down $4.20 on Thursday, reaching $117.18. 38,542 shares of the stock traded hands, compared to its average volume of 294,751. Alpha Metallurgical Resources has a 12 month low of $100.00 and a 12 month high of $334.72. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 4.30 and a beta of 0.72. The firm's fifty day simple moving average is $122.56 and its 200 day simple moving average is $171.17.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($1.06) by ($1.54). The firm had revenue of $531.96 million during the quarter, compared to analyst estimates of $586.15 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company's quarterly revenue was down 38.4% compared to the same quarter last year. During the same quarter last year, the company earned $9.59 EPS. As a group, equities research analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $26,332,000. Millennium Management LLC lifted its holdings in shares of Alpha Metallurgical Resources by 208.0% in the first quarter. Millennium Management LLC now owns 106,107 shares of the energy company's stock valued at $13,290,000 after purchasing an additional 71,653 shares in the last quarter. Adage Capital Partners GP L.L.C. acquired a new stake in shares of Alpha Metallurgical Resources in the first quarter worth $6,262,000. Fuller & Thaler Asset Management Inc. grew its holdings in shares of Alpha Metallurgical Resources by 50.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 136,217 shares of the energy company's stock valued at $17,061,000 after buying an additional 45,934 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Alpha Metallurgical Resources during the first quarter valued at $5,035,000. Institutional investors and hedge funds 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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