B. Riley Issues Pessimistic Forecast for Alpha Metallurgical Resources (NYSE:AMR) Stock Price

Key Points

• Analysts at B. Riley have decreased the price target for Alpha Metallurgical Resources from $173.00 to $171.00, while maintaining a "buy" rating, indicating a potential upside of 38.56% from the company's previous close.
• Alpha Metallurgical Resources reported a significant drop in quarterly earnings, with an earnings per share (EPS) of ($2.60), missing expectations of ($1.06) and showing a year-over-year revenue decline of 38.4%.
• Institutional investors hold 84.29% of Alpha Metallurgical Resources stock, with notable increases in stakes from various hedge funds in the recent quarter.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) had its price objective lowered by B. Riley from $173.00 to $171.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the energy company's stock. B. Riley's price objective indicates a potential upside of 13.92% from the stock's previous close. B. Riley also issued estimates for Alpha Metallurgical Resources' Q2 2025 earnings at ($2.87) EPS, Q3 2025 earnings at ($1.89) EPS and FY2025 earnings at ($5.15) EPS.

Other research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group assumed coverage on shares of Alpha Metallurgical Resources in a research note on Tuesday, July 1st. They set a "hold" rating and a $110.00 target price on the stock.

Alpha Metallurgical Resources Price Performance

Shares of AMR traded up $20.66 during trading hours on Tuesday, hitting $150.11. 918,819 shares of the stock were exchanged, compared to its average volume of 379,744. Alpha Metallurgical Resources has a fifty-two week low of $97.41 and a fifty-two week high of $259.00. The business has a 50-day moving average of $117.09 and a 200-day moving average of $130.71. The firm has a market capitalization of $1.96 billion, a P/E ratio of -52.67 and a beta of 0.59.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The energy company reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($2.38) by $2.00. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The company had revenue of $550.27 million during the quarter, compared to analysts' expectations of $552.15 million. During the same period in the prior year, the company posted $4.49 earnings per share. Alpha Metallurgical Resources's revenue for the quarter was down 31.6% compared to the same quarter last year. As a group, analysts forecast that Alpha Metallurgical Resources will post 14.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in shares of Alpha Metallurgical Resources by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock valued at $147,366,000 after purchasing an additional 28,225 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock valued at $108,108,000 after purchasing an additional 4,200 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Alpha Metallurgical Resources by 6.3% in the first quarter. American Century Companies Inc. now owns 381,450 shares of the energy company's stock valued at $47,777,000 after purchasing an additional 22,444 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Alpha Metallurgical Resources by 6.1% in the second quarter. Geode Capital Management LLC now owns 268,609 shares of the energy company's stock valued at $30,219,000 after purchasing an additional 15,525 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Alpha Metallurgical Resources by 50.9% in 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 purchasing an additional 45,934 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

About Alpha Metallurgical Resources

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.