Alpha Metallurgical Resources (NYSE:AMR) Reaches New 1-Year Low - Time to Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as $99.84 and last traded at $99.97, with a volume of 132320 shares. The stock had previously closed at $104.34.

Analysts Set New Price Targets

Several research firms have recently weighed in on AMR. Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley reduced their price objective on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating for the company in a research report on Thursday, May 15th.

Alpha Metallurgical Resources Price Performance

The company has a market cap of $1.37 billion, a PE ratio of 51.93 and a beta of 0.68. The business has a 50-day moving average of $116.95 and a 200 day moving average of $146.77.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The energy company reported ($2.60) EPS for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). The firm had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. Alpha Metallurgical Resources had a net margin of 1.01% and a return on equity of 1.62%. The firm's revenue was down 38.4% compared to the same quarter last year. During the same quarter last year, the company posted $9.59 EPS. On average, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its holdings in Alpha Metallurgical Resources by 306.1% during the first quarter. Signaturefd LLC now owns 199 shares of the energy company's stock valued at $25,000 after purchasing an additional 150 shares during the period. AdvisorNet Financial Inc grew its holdings in Alpha Metallurgical Resources by 214.3% during the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock valued at $28,000 after purchasing an additional 150 shares during the period. Summit Securities Group LLC bought a new stake in Alpha Metallurgical Resources during the first quarter valued at about $38,000. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $40,000. Finally, PNC Financial Services Group Inc. grew its holdings in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the period. Institutional investors own 84.29% of the company's stock.

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.