Key Points
- Alpha Metallurgical Resources Director Michael Gorzynski purchased 38,576 shares at an average price of $188.50 on Dec. 15 for about $7.27 million, increasing his direct stake to 644,025 shares (a 6.37% rise), as disclosed in an SEC filing.
- The company recently missed quarterly expectations (EPS −$0.42 vs. −$0.35 expected) with revenue down 21.6% year-over-year and negative margins, while analysts hold a consensus rating of Hold and an average price target of $160.50, below the director’s purchase price and recent market levels.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis acquired 9,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were bought at an average price of $188.16 per share, with a total value of $1,693,440.00. Following the completion of the transaction, the director owned 816,537 shares in the company, valued at $153,639,601.92. This represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alpha Metallurgical Resources Stock Performance
Shares of NYSE AMR opened at $205.51 on Thursday. The stock has a market cap of $2.64 billion, a P/E ratio of -57.00 and a beta of 0.91. Alpha Metallurgical Resources, Inc. has a 52-week low of $97.41 and a 52-week high of $217.25. The firm has a 50 day moving average price of $167.23 and a two-hundred day moving average price of $145.59.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The energy company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.07). Alpha Metallurgical Resources had a negative net margin of 2.09% and a negative return on equity of 2.88%. The business had revenue of $526.78 million during the quarter, compared to analyst estimates of $543.77 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm's revenue for the quarter was down 21.6% compared to the same quarter last year. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Alpha Metallurgical Resources by 1.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,256 shares of the energy company's stock valued at $704,000 after purchasing an additional 76 shares during the period. GAMMA Investing LLC boosted its stake in Alpha Metallurgical Resources by 26.5% in the 3rd quarter. GAMMA Investing LLC now owns 391 shares of the energy company's stock worth $64,000 after purchasing an additional 82 shares during the period. Farther Finance Advisors LLC boosted its stake in Alpha Metallurgical Resources by 48.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 265 shares of the energy company's stock worth $43,000 after purchasing an additional 87 shares during the period. Illinois Municipal Retirement Fund grew its holdings in Alpha Metallurgical Resources by 1.6% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 6,022 shares of the energy company's stock valued at $988,000 after buying an additional 94 shares in the last quarter. Finally, Amalgamated Bank raised its position in shares of Alpha Metallurgical Resources by 3.5% during the third quarter. Amalgamated Bank now owns 3,233 shares of the energy company's stock valued at $531,000 after buying an additional 108 shares during the last quarter. Institutional investors own 84.29% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $160.50.
View Our Latest Report on Alpha Metallurgical Resources
About Alpha Metallurgical Resources
(
Get Free Report)
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.
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