Alpha Metallurgical Resources (NYSE:AMR) Shares Down 3.6% - Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s share price fell 3.6% during trading on Tuesday . The stock traded as low as $102.13 and last traded at $106.21. 84,725 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 240,450 shares. The stock had previously closed at $110.21.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMR. B. Riley reduced their price target 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. Wall Street Zen cut shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd.

Alpha Metallurgical Resources Price Performance

The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 4.09 and a beta of 0.72. The stock's 50-day moving average is $120.12 and its 200-day moving average is $163.29.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, May 9th. The energy company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.06) by ($1.54). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $531.96 million for the quarter, compared to analysts' expectations of $586.15 million. During the same period in the previous year, the firm posted $9.59 earnings per share. The firm's revenue was down 38.4% compared to the same quarter last year. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position 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 acquiring an additional 28,225 shares in the last quarter. Renaissance Technologies LLC raised its position in Alpha Metallurgical Resources by 0.8% during the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company's stock valued at $108,108,000 after buying an additional 4,200 shares during the period. Dalal Street LLC lifted its position in shares of Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock worth $97,509,000 after purchasing an additional 7,553 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Alpha Metallurgical Resources by 6.3% during 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. raised its stake in shares of 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 worth $36,726,000 after purchasing an additional 20,636 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

Alpha Metallurgical Resources Company Profile

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.