Key Points
- Kenneth Courtis purchased 10,000 shares of AMR at $186.87 each on March 11 for $1,868,700, increasing his direct holdings to 866,537 shares (a 1.17% ownership rise).
- Alpha Metallurgical Resources reported Q4 EPS of ($1.34) (in line with estimates) and revenue of $436.33M, down 15.7% year‑over‑year, leaving the company with negative margins and a negative PE of -39.63.
- Analyst sentiment is mixed-to-bearish with a MarketBeat consensus rating of "Reduce" and an average target price of $196, based on four Hold and two Sell ratings.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis purchased 10,000 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average price of $186.87 per share, for a total transaction of $1,868,700.00. Following the transaction, the director directly owned 866,537 shares in the company, valued at $161,929,769.19. This trade represents a 1.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Alpha Metallurgical Resources Stock Down 0.9%
AMR opened at $187.84 on Friday. Alpha Metallurgical Resources, Inc. has a 52 week low of $97.41 and a 52 week high of $253.82. The business has a 50 day moving average price of $202.47 and a two-hundred day moving average price of $179.96. The company has a quick ratio of 3.53, a current ratio of 4.47 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.40 billion, a PE ratio of -39.63 and a beta of 0.79.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, February 27th. The energy company reported ($1.34) earnings per share for the quarter, meeting the consensus estimate of ($1.34). The company had revenue of $436.33 million for the quarter, compared to the consensus estimate 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 company's revenue was down 15.7% on a year-over-year basis. During the same period last year, the business posted ($0.16) EPS. As a group, research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.
Analysts Set New Price Targets
A number of research firms recently weighed in on AMR. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research report on Monday, December 29th. Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research cut shares of Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 5th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $185.00 target price on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Finally, B. Riley Financial boosted their price target 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. Four analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $196.00.
Get Our Latest Report on Alpha Metallurgical Resources
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of AMR. First Citizens Bank & Trust Co. boosted its position in shares of Alpha Metallurgical Resources by 1.8% during 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 in the last quarter. ProShare Advisors LLC increased its holdings in shares of Alpha Metallurgical Resources by 3.3% in the 4th 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 lifted its stake in shares of Alpha Metallurgical Resources by 5.9% in 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 lifted its stake in shares of Alpha Metallurgical Resources by 1.2% in 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. boosted its holdings in Alpha Metallurgical Resources by 2.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,907 shares of the energy company's stock worth $781,000 after buying an additional 78 shares in the last quarter. Hedge funds and other 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.
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