Alpha Metallurgical Resources (NYSE:AMR) Receives Hold Rating from Benchmark

Benchmark reaffirmed their hold rating on shares of Alpha Metallurgical Resources (NYSE:AMR) in a research report report published on Tuesday morning, Benzinga reports.

Separately, B. Riley decreased their price objective on shares of Alpha Metallurgical Resources from $381.00 to $374.00 and set a buy rating for the company in a research report on Monday, April 15th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $304.61 on Tuesday. The company has a market cap of $3.96 billion, a P/E ratio of 6.25 and a beta of 1.38. Alpha Metallurgical Resources has a one year low of $132.72 and a one year high of $452.00. The business’s 50-day simple moving average is $332.04 and its 200 day simple moving average is $325.40.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data 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 firm had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $17.01 EPS. Analysts predict that Alpha Metallurgical Resources will post 29.82 earnings per share for the current year.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the sale, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of Alpha Metallurgical Resources stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $369.71, for a total value 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 $3,963,291.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock valued at $55,479,986 in the last three months. Corporate insiders own 16.40% of the company’s stock.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several large investors have recently added to or reduced their stakes in AMR. GAMMA Investing LLC acquired a new position in Alpha Metallurgical Resources during the 4th quarter valued at about $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $34,000. Quadrant Capital Group LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $35,000. Creekmur Asset Management LLC acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. raised its stake in 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 valued at $60,000 after acquiring an additional 161 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

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.