Alpha Metallurgical Resources (NYSE:AMR) Hits New 1-Year Low - Here's Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $100.00 and last traded at $101.86, with a volume of 25151 shares trading hands. The stock had previously closed at $108.52.

Wall Street Analyst Weigh In

Separately, B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a "buy" rating on the stock in a report on Friday.

Alpha Metallurgical Resources Price Performance

The stock has a market cap of $1.55 billion, a P/E ratio of 4.35 and a beta of 1.08. The firm's fifty day moving average price is $140.35 and its two-hundred day moving average price is $189.42.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The business had revenue of $617.30 million during the quarter, compared to analysts' expectations of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business's revenue was down 35.7% on a year-over-year basis. During the same period in the previous year, the business earned $12.88 EPS. On average, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $40,000. AdvisorNet Financial Inc increased its position in shares of Alpha Metallurgical Resources by 214.3% during the 1st 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 last quarter. FNY Investment Advisers LLC purchased a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. lifted its position in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after buying an additional 162 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Alpha Metallurgical Resources in the 4th quarter worth approximately $60,000. 84.29% of the stock is owned by hedge funds and other 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.