Alpha Metallurgical Resources (NYSE:AMR) Shares Gap Down - Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $118.79, but opened at $115.98. Alpha Metallurgical Resources shares last traded at $114.38, with a volume of 73,210 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. B. Riley lowered their target price on 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. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Jefferies Financial Group assumed coverage on shares of Alpha Metallurgical Resources in a report on Tuesday. They set a "hold" rating and a $110.00 target price on the stock.

Alpha Metallurgical Resources Trading Down 2.7%

The company has a market cap of $1.51 billion, a PE ratio of 57.25 and a beta of 0.66. The firm has a 50 day moving average of $116.29 and a two-hundred day moving average of $144.91.

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

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in 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 worth $147,366,000 after buying an additional 28,225 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Alpha Metallurgical Resources by 0.8% in the 4th quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock worth $108,108,000 after acquiring an additional 4,200 shares during the last quarter. Dalal Street LLC lifted its position in Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after acquiring an additional 7,553 shares in the last quarter. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 6.3% in the 1st quarter. American Century Companies Inc. now owns 381,450 shares of the energy company's stock valued at $47,777,000 after acquiring an additional 22,444 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company's stock valued at $36,726,000 after purchasing an additional 20,636 shares during the last quarter. 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.