Alpha Metallurgical Resources (NYSE:AMR) Trading Up 5.7% on Analyst Upgrade

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) traded up 5.7% during mid-day trading on Tuesday after B. Riley raised their price target on the stock from $374.00 to $375.00. B. Riley currently has a buy rating on the stock. Alpha Metallurgical Resources traded as high as $313.55 and last traded at $313.55. 23,983 shares were traded during trading, a decline of 90% from the average session volume of 238,406 shares. The stock had previously closed at $296.64.

Separately, Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a report on Tuesday.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director David J. Stetson sold 30,694 shares of the company's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total value of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the transaction, the chief accounting officer now owns 10,720 shares of the company's stock, valued at approximately $3,963,291.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David J. Stetson sold 30,694 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 in the last ninety days. 16.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $33,000. Wetzel Investment Advisors Inc. acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at approximately $34,000. Quadrant Capital Group LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at approximately $35,000. Creekmur Asset Management LLC acquired a new stake in Alpha Metallurgical Resources during the fourth quarter worth approximately $36,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company's stock worth $60,000 after buying an additional 161 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Alpha Metallurgical Resources Trading Up 2.7 %

The firm's fifty day moving average price is $332.04 and its 200-day moving average price is $325.40. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 6.25 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $9.61 by ($0.02). The company had revenue of $864.07 million for the quarter, compared to analysts' expectations of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The business's quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $17.01 EPS. On average, sell-side analysts expect that Alpha Metallurgical Resources, Inc. will post 29.82 earnings per share for the current year.

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.