Jefferies Financial Group Initiates Coverage on Alpha Metallurgical Resources (NYSE:AMR)

Jefferies Financial Group started coverage on shares of Alpha Metallurgical Resources (NYSE:AMR - Free Report) in a research report sent to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued a hold rating and a $110.00 price objective on the energy company's stock.

Several other research analysts also recently issued reports on AMR. Wall Street Zen downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. B. Riley lowered their price objective on Alpha Metallurgical Resources from $183.00 to $181.00 and set a "buy" rating on the stock in a research report on Thursday, May 15th.

Alpha Metallurgical Resources Stock Performance

Shares of Alpha Metallurgical Resources stock traded down $7.52 during midday trading on Tuesday, hitting $104.97. The company had a trading volume of 495,481 shares, compared to its average volume of 251,172. Alpha Metallurgical Resources has a 52-week low of $97.41 and a 52-week high of $334.72. The stock has a market capitalization of $1.37 billion, a P/E ratio of 51.96 and a beta of 0.68. The company has a 50 day moving average of $116.40 and a 200 day moving average of $145.09.

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 analysts' consensus estimates of ($1.06) by ($1.54). The company had revenue of $531.96 million during the quarter, compared to analysts' expectations of $586.15 million. Alpha Metallurgical Resources had a return on equity of 1.62% and a net margin of 1.01%. The company's revenue was down 38.4% on a year-over-year basis. During the same period in the prior year, the company posted $9.59 earnings per share. Equities research analysts forecast that Alpha Metallurgical Resources will post 14.31 EPS for the current year.

Institutional Trading of Alpha Metallurgical Resources

A number of large investors have recently made changes to their positions in the stock. Dalal Street LLC grew its holdings 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 acquiring an additional 7,553 shares during the period. Ruffer LLP purchased a new position in Alpha Metallurgical Resources in the fourth quarter worth about $4,100,000. GAMMA Investing LLC boosted its position in Alpha Metallurgical Resources by 11,100.3% in the first quarter. GAMMA Investing LLC now owns 34,945 shares of the energy company's stock worth $4,377,000 after purchasing an additional 34,633 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $3,564,000. Finally, Sei Investments Co. lifted its stake in shares of Alpha Metallurgical Resources by 36.8% in the 4th quarter. Sei Investments Co. now owns 10,786 shares of the energy company's stock worth $2,158,000 after purchasing an additional 2,903 shares during the period. 84.29% of the stock is currently owned by 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.