Key Points
- Kenneth Courtis, an Alpha Metallurgical director, purchased 8,000 shares at an average price of $191.07 (≈$1.53M), increasing his direct holdings to 874,537 shares (a 0.92% rise); the trade was disclosed in an SEC filing.
- Alpha Metallurgical reported Q results with a ($1.34) EPS that matched estimates but revenue of $436.3M missed forecasts and fell 15.7% year‑over‑year, leaving the company with negative return on equity and net margin.
- Street sentiment is cautious: MarketBeat shows a consensus "Reduce" rating with an average price target of $196, and institutional investors own about 84.3% of the stock while several large funds recently added positions.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis purchased 8,000 shares of the company's stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average price of $191.07 per share, for a total transaction of $1,528,560.00. Following the completion of the purchase, the director directly owned 874,537 shares in the company, valued at $167,097,784.59. This represents a 0.92% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Alpha Metallurgical Resources Stock Down 2.5%
Alpha Metallurgical Resources stock opened at $193.86 on Friday. The firm has a 50 day simple moving average of $199.57 and a 200 day simple moving average of $181.56. The company has a current ratio of 4.47, a quick ratio of 3.53 and a debt-to-equity ratio of 0.01. Alpha Metallurgical Resources, Inc. has a 1-year low of $97.41 and a 1-year high of $253.82. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -40.90 and a beta of 0.79.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Friday, February 27th. The energy company reported ($1.34) EPS for the quarter, hitting analysts' consensus estimates of ($1.34). The firm had revenue of $436.33 million during the quarter, compared to analyst estimates 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 for the quarter was down 15.7% on a year-over-year basis. During the same period last year, the company earned ($0.16) earnings per share. On average, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.
Hedge Funds Weigh In On Alpha Metallurgical Resources
A number of institutional investors have recently made changes to their positions in the stock. Systrade AG purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $55,966,000. Crocodile Capital Partners GmbH bought a new position in Alpha Metallurgical Resources in the fourth quarter valued at $40,999,000. State Street Corp increased its stake in Alpha Metallurgical Resources by 27.2% in the second 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. Contrarius Group Holdings Ltd purchased a new stake in Alpha Metallurgical Resources during the third quarter valued at about $12,146,000. Finally, Dalal Street LLC lifted its stake in Alpha Metallurgical Resources by 15.6% during the third quarter. Dalal Street LLC now owns 532,000 shares of the energy company's stock worth $87,296,000 after purchasing an additional 71,673 shares during the last quarter. Institutional investors own 84.29% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have recently weighed in on AMR. Zacks Research cut Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research report on Thursday, February 5th. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a report on Monday, March 2nd. Texas Capital cut shares of Alpha Metallurgical Resources from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 29th. B. Riley Financial boosted their price target on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Alpha Metallurgical Resources has a consensus rating of "Reduce" and an average price target of $196.00.
Check Out Our Latest Research Report on Alpha Metallurgical Resources
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.
Further Reading
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