Alpha Metallurgical Resources (NYSE:AMR) Shares Down 7.7% - What's Next?

Key Points

• Shares dropped about 7.7% intraday to roughly $183.84 from a $199.24 close, with trading volume (~223,640 shares) about 24% below the average session level.
• Analysts collectively rate the stock as "Reduce" with an average price target of $196 — five analysts rate it Hold and one rates it Sell, with several recent downgrades and mixed target revisions.
• Alpha reported quarterly EPS of ($1.34) (in line with estimates) but missed revenue expectations, posting $436.33 million versus $538.45 million expected and a 15.7% year‑over‑year revenue decline, alongside negative margins and ROE.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s share price traded down 7.7% during mid-day trading on Thursday . The company traded as low as $181.21 and last traded at $183.8380. 223,640 shares traded hands during trading, a decline of 24% from the average session volume of 294,206 shares. The stock had previously closed at $199.24.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Texas Capital cut Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 29th. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. B. Riley Financial increased their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a research note on Thursday, March 5th. Finally, Zacks Research upgraded Alpha Metallurgical Resources from a "strong sell" rating to a "hold" rating in a research note on Monday. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $196.00.

Alpha Metallurgical Resources Trading Down 7.3%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.53 and a current ratio of 4.47. The business has a fifty day simple moving average of $192.96 and a 200 day simple moving average of $187.39. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -38.85 and a beta of 0.73.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, meeting analysts' consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The firm had revenue of $436.33 million for the quarter, compared to analyst estimates of $538.45 million. During the same period in the prior year, the firm posted ($0.16) EPS. The company's revenue for the quarter was down 15.7% on a year-over-year basis. As a group, research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Insider Transactions at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 971 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $170.05, for a total transaction of $165,118.55. Following the sale, the insider directly owned 7,320 shares of the company's stock, valued at approximately $1,244,766. This represents a 11.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth S. Courtis bought 8,000 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, March 12th. The shares were bought at an average cost of $191.07 per share, for a total transaction of $1,528,560.00. Following the completion of the acquisition, the director owned 874,537 shares in the company, valued at $167,097,784.59. This represents a 0.92% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 58,000 shares of company stock valued at $10,530,610. 16.00% of the stock is owned by corporate insiders.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently modified their holdings of the stock. State Street Corp grew its holdings in shares of Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company's stock worth $97,400,000 after purchasing an additional 185,281 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Alpha Metallurgical Resources by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company's stock worth $136,636,000 after purchasing an additional 15,348 shares in the last quarter. Continental General Insurance Co. grew its holdings in shares of Alpha Metallurgical Resources by 6.4% during the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company's stock worth $128,728,000 after purchasing an additional 38,576 shares in the last quarter. Dalal Street LLC grew its holdings in shares of Alpha Metallurgical Resources by 2.1% during the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company's stock worth $108,535,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Gendell Jeffrey L grew its holdings in shares of Alpha Metallurgical Resources by 4.0% during the 4th quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company's stock worth $98,755,000 after purchasing an additional 19,033 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc NYSE: AMR is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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