Key Points
- Kenneth Courtis, a director of Alpha Metallurgical Resources, bought 15,000 shares on March 10 at $181.84 each for a total of $2,727,600, boosting his holdings to 856,537 shares (a 1.78% increase) — the transaction was disclosed in an SEC filing.
- Alpha reported Q4 EPS of ($1.34) and revenue of $436.3M, missing estimates and showing negative margins and ROE; the stock trades near $187 with a $2.39B market cap and a negative P/E, and analysts’ consensus rating is Reduce with an average target of $196.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis bought 15,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was bought at an average price of $181.84 per share, with a total value of $2,727,600.00. Following the acquisition, the director owned 856,537 shares in the company, valued at approximately $155,752,688.08. This represents a 1.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Alpha Metallurgical Resources Stock Performance
Shares of NYSE:AMR traded down $2.33 during midday trading on Friday, hitting $187.15. The stock had a trading volume of 116,015 shares, compared to its average volume of 292,145. The stock has a 50 day moving average price of $202.78 and a two-hundred day moving average price of $179.66. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.39 billion, a PE ratio of -39.30 and a beta of 0.79. 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 announced its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting analysts' consensus estimates of ($1.34). Alpha Metallurgical Resources had a negative return on equity of 3.88% and a negative net margin of 2.90%.The business had revenue of $436.33 million during the quarter, compared to analysts' expectations of $538.45 million. During the same quarter last year, the business posted ($0.16) earnings per share. The business's revenue for the quarter was down 15.7% on a year-over-year basis. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.
Institutional Trading of Alpha Metallurgical Resources
Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new stake in Alpha Metallurgical Resources during the 3rd quarter worth $25,000. Los Angeles Capital Management LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter valued at about $29,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Alpha Metallurgical Resources by 215.4% during the 4th 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 in the last quarter. Hantz Financial Services Inc. grew its position in shares of Alpha Metallurgical Resources by 361.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 240 shares of the energy company's stock valued at $39,000 after purchasing an additional 188 shares during the period. Finally, CWM LLC increased its stake in Alpha Metallurgical Resources by 146.0% during the 3rd quarter. CWM LLC now owns 246 shares of the energy company's stock worth $40,000 after purchasing an additional 146 shares in the last quarter. 84.29% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have commented on AMR. Texas Capital lowered shares of Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 29th. B. Riley Financial lifted their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a "neutral" rating in a research note on Thursday, March 5th. Weiss Ratings reissued a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Monday, December 29th. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, Zacks Research cut Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 5th. Four analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $196.00.
Read Our Latest Report on AMR
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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