Key Points
- Insider Daniel Horn sold 971 shares of AMR at an average price of $170.05 on March 5, totaling $165,118.55 and reducing his holding by 11.71% to 7,320 shares, per an SEC filing.
- On Feb. 27 AMR reported Q earnings of ($1.34) that matched estimates but posted revenue of $436.33M versus a $538.45M consensus, with a negative net margin and a 15.7% year‑over‑year revenue decline.
- Analysts carry a consensus "Reduce" rating with a $196 price target; the company has a $2.25 billion market cap and a negative P/E of -37.07.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) insider Daniel Horn sold 971 shares of the company's stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $170.05, for a total transaction of $165,118.55. Following the sale, the insider directly owned 7,320 shares of the company's stock, valued at $1,244,766. This represents a 11.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Alpha Metallurgical Resources Price Performance
AMR stock opened at $175.72 on Tuesday. The company's 50-day moving average price is $203.65 and its two-hundred day moving average price is $179.26. The firm has a market cap of $2.25 billion, a P/E ratio of -37.07 and a beta of 0.79. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 12 month low of $97.41 and a 12 month high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting analysts' consensus estimates of ($1.34). The company had revenue of $436.33 million during the quarter, compared to the consensus estimate of $538.45 million. Alpha Metallurgical Resources had a negative net margin of 2.90% and a negative return on equity of 3.88%. The firm's quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) EPS. On average, analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on AMR shares. Zacks Research cut Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 5th. Jefferies Financial Group reiterated a "hold" rating and issued a $185.00 price target on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Texas Capital cut Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Finally, B. Riley Financial raised their price objective on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a research note on Thursday, March 5th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of "Reduce" and a consensus price target of $196.00.
Check Out Our Latest Report on Alpha Metallurgical Resources
Hedge Funds Weigh In On Alpha Metallurgical Resources
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp lifted its stake in shares of Alpha Metallurgical Resources by 27.2% in the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company's stock valued at $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Alpha Metallurgical Resources by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 683,572 shares of the energy company's stock worth $136,636,000 after acquiring an additional 15,348 shares during the last quarter. Continental General Insurance Co. increased its holdings in Alpha Metallurgical Resources by 6.4% in the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company's stock worth $128,728,000 after purchasing an additional 38,576 shares in the last quarter. Dalal Street LLC increased its holdings in Alpha Metallurgical Resources by 2.1% in the 4th quarter. Dalal Street LLC now owns 543,000 shares of the energy company's stock worth $108,535,000 after purchasing an additional 11,000 shares in the last quarter. Finally, Gendell Jeffrey L boosted its stake in shares of Alpha Metallurgical Resources by 4.0% during the fourth quarter. Gendell Jeffrey L now owns 494,072 shares of the energy company's stock valued at $98,755,000 after purchasing an additional 19,033 shares in the last quarter. Institutional investors own 84.29% of the company's stock.
About Alpha Metallurgical Resources
(
Get Free Report)
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.
Further Reading
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