Key Points
- Kenneth Courtis, an Alpha Metallurgical Resources director, purchased 25,000 shares on March 9 at an average of $176.23 each for a total of $4,405,750, increasing his stake to 841,537 shares (a 3.06% rise) valued at about $148.3M.
- Alpha reported Q4 EPS of ($1.34) with revenue of $436.33M—missing estimates and down 15.7% year-over-year—and the stock carries an average analyst rating of "Reduce" with a $196 average target.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis bought 25,000 shares of the company's stock in a transaction dated Monday, March 9th. The shares were purchased at an average price of $176.23 per share, with a total value of $4,405,750.00. Following the completion of the acquisition, the director owned 841,537 shares of the company's stock, valued at $148,304,065.51. This trade represents a 3.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Alpha Metallurgical Resources Stock Up 3.8%
Shares of NYSE:AMR opened at $187.61 on Thursday. The stock's 50-day moving average is $202.98 and its 200 day moving average is $179.59. The company has a market cap of $2.40 billion, a PE ratio of -39.58 and a beta of 0.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.47 and a quick ratio of 3.53. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, hitting the consensus estimate of ($1.34). The business had revenue of $436.33 million during the quarter, compared to analysts' expectations of $538.45 million. Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business's revenue was down 15.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.16) EPS. Sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on AMR. B. Riley Financial lifted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a report on Thursday, March 5th. Weiss Ratings restated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Monday, December 29th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Finally, Zacks Research cut shares of Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 5th. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and an average target price of $196.00.
View Our Latest Stock Analysis on AMR
Institutional Investors Weigh In On Alpha Metallurgical Resources
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Citizens Bank & Trust Co. raised its holdings in Alpha Metallurgical Resources by 1.8% in the 4th quarter. First Citizens Bank & Trust Co. now owns 4,058 shares of the energy company's stock worth $811,000 after purchasing an additional 72 shares during the period. ProShare Advisors LLC lifted its position in Alpha Metallurgical Resources by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 2,266 shares of the energy company's stock valued at $453,000 after purchasing an additional 73 shares in the last quarter. Mainstay Capital Management LLC ADV grew its holdings in Alpha Metallurgical Resources by 5.9% during the fourth quarter. Mainstay Capital Management LLC ADV now owns 1,326 shares of the energy company's stock valued at $265,000 after purchasing an additional 74 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Alpha Metallurgical Resources by 1.2% during the second 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. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Alpha Metallurgical Resources by 2.0% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company's stock valued at $781,000 after buying an additional 78 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.
Alpha Metallurgical Resources Company Profile
(
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.
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