Alpha Metallurgical Resources (NYSE:AMR) Shares Down 3.7% - What's Next?

Key Points

• Alpha Metallurgical Resources shares fell 3.7% to about $209.64 in mid-day trading, with volume down 91% from its average. The stock has a $2.72 billion market capitalization.
• Analyst sentiment is cautious: five analysts rate AMR as a Hold and two as a Sell, producing a consensus “Reduce” rating and an average price target of $176—well below the current share price.
• The company’s latest quarter showed a $0.96 per-share loss and revenue of $421.3 million, down 10.4% year over year. Meanwhile, insiders have bought 35,000 shares worth roughly $7.4 million over the past 90 days, and insiders own 18.2% of the stock.

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price was down 3.7% during mid-day trading on Friday . The stock traded as low as $209.32 and last traded at $209.6350. Approximately 26,231 shares were traded during trading, a decline of 91% from the average daily volume of 285,698 shares. The stock had previously closed at $217.73.

Analyst Ratings Changes

AMR has been the topic of a number of research reports. UBS Group assumed coverage on shares of Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a "neutral" rating and a $165.00 price objective on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $160.00 price target on shares of Alpha Metallurgical Resources in a report on Tuesday, July 21st. B. Riley Financial lowered their price target on shares of Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating on the stock in a research report on Thursday, August 20th. Zacks Research cut shares of Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 27th. Finally, Weiss Ratings downgraded Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $176.00.

Alpha Metallurgical Resources Stock Down 1.6%

The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -59.69 and a beta of 0.68. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average is $173.68 and its two-hundred day moving average is $184.04.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The energy company reported ($0.96) EPS for the quarter, topping analysts' consensus estimates of ($0.97) by $0.01. The business had revenue of $421.29 million during the quarter, compared to the consensus estimate of $521.61 million. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The company's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.38) earnings per share. On average, sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth Courtis acquired 15,000 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were acquired at an average price of $193.50 per share, for a total transaction of $2,902,500.00. Following the completion of the acquisition, the director directly owned 1,015,394 shares of the company's stock, valued at $196,478,739. This trade represents a 1.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders acquired 35,000 shares of company stock worth $7,388,400. Corporate insiders own 18.20% of the company's stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Large investors have recently added to or reduced their stakes in the business. Nykredit A S acquired a new position in shares of Alpha Metallurgical Resources during the 2nd quarter valued at about $25,000. Los Angeles Capital Management LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd grew its holdings in Alpha Metallurgical Resources by 215.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 164 shares of the energy company's stock valued at $33,000 after purchasing an additional 112 shares during the period. Leonteq Securities AG acquired a new position in Alpha Metallurgical Resources during the first quarter worth approximately $37,000. Finally, Aster Capital Management DIFC Ltd acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth approximately $45,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc NYSE: AMR is a leading pure-play producer of high-grade metallurgical coal, primarily serving the global steelmaking industry. Headquartered in Bristol, Virginia, the company operates multiple underground and surface mining complexes across the central Appalachian and Illinois basins. Its production portfolio focuses on premium raw and semi-soft coking coal products tailored to meet the specifications of steel producers worldwide.

Formed in July 2021 through the spin-out of Contura Energy's metallurgical coal business, Alpha Metallurgical Resources has built a reputation for operational excellence and cost-efficient mining.

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