Alpha Metallurgical Resources (NYSE:AMR) Price Target Cut to $374.00

Alpha Metallurgical Resources (NYSE:AMR - Free Report) had its price objective lowered by B. Riley from $381.00 to $374.00 in a research note published on Monday morning, Benzinga reports. B. Riley currently has a buy rating on the energy company's stock.

Alpha Metallurgical Resources Stock Performance

AMR traded down $2.47 during trading on Monday, reaching $325.24. 126,191 shares of the company traded hands, compared to its average volume of 246,180. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00. The firm has a fifty day simple moving average of $349.14 and a 200 day simple moving average of $315.23. The company has a market cap of $4.23 billion, a P/E ratio of 6.68 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business had revenue of $959.90 million during the quarter, compared to analyst estimates of $796.65 million. During the same period last year, the firm posted $13.37 EPS. The company's revenue was up 16.6% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources will post 37.3 earnings per share for the current fiscal year.

Insider Activity at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares of the company's stock, valued at $10,220,984.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director David J. Stetson sold 30,694 shares of the firm's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares of the company's stock, valued at $10,220,984.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Charles Andrew Eidson sold 30,000 shares of the firm's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the sale, the chief executive officer now owns 50,025 shares of the company's stock, valued at $18,162,076.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,971 shares of company stock valued at $55,479,986. 15.00% of the stock is owned by corporate insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently bought and sold shares of AMR. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $128,857,000. Pacer Advisors Inc. bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $139,291,000. Renaissance Technologies LLC lifted its position in shares of Alpha Metallurgical Resources by 545.5% during the first quarter. Renaissance Technologies LLC now owns 304,115 shares of the energy company's stock worth $40,131,000 after purchasing an additional 257,000 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Alpha Metallurgical Resources by 13,521.9% during the first quarter. Envestnet Asset Management Inc. now owns 222,855 shares of the energy company's stock worth $39,000 after purchasing an additional 221,219 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Alpha Metallurgical Resources by 17.0% during the third quarter. Vanguard Group Inc. now owns 1,492,124 shares of the energy company's stock worth $204,182,000 after purchasing an additional 216,652 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.