Alpha Metallurgical Resources (NYSE:AMR) Shares Down 3.6% - Time to Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) dropped 3.6% on Tuesday . The company traded as low as $102.13 and last traded at $106.21. Approximately 84,725 shares traded hands during trading, a decline of 65% from the average daily volume of 240,450 shares. The stock had previously closed at $110.21.

Wall Street Analysts Forecast Growth

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

Alpha Metallurgical Resources Stock Performance

The stock's 50-day moving average price is $119.46 and its 200-day moving average price is $162.00. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 4.06 and a beta of 0.72.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AMR. Summit Investment Advisors Inc. increased its holdings in Alpha Metallurgical Resources by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock valued at $230,000 after acquiring an additional 73 shares in the last quarter. Bank of Montreal Can grew its position in shares of Alpha Metallurgical Resources by 6.0% in the fourth quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock valued at $264,000 after purchasing an additional 75 shares during the last quarter. X Square Capital LLC increased its stake in shares of Alpha Metallurgical Resources by 2.9% during the 4th quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock worth $601,000 after purchasing an additional 84 shares in the last quarter. Swiss National Bank raised its position in shares of Alpha Metallurgical Resources by 0.5% during the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock worth $4,343,000 after purchasing an additional 100 shares during the last quarter. Finally, AdvisorNet Financial Inc raised 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 worth $28,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds 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.