Key Points
- Director Kenneth Courtis bought 15,000 shares of Alpha Metallurgical Resources at an average price of $189.22, a purchase worth about $2.84 million. After the transaction, he held 975,394 shares, increasing his stake by 1.56%.
- Alpha Metallurgical Resources last reported quarterly EPS of ($0.86), matching analyst expectations, but revenue came in below estimates at $447.32 million versus $535.15 million expected. The company also posted a negative net margin and negative return on equity.
- Wall Street sentiment remains cautious: the stock has a consensus rating of “Reduce” with an average target price of $195.33. Several firms recently issued hold or sell ratings, though B. Riley and Atlantic Securities maintained more neutral price targets.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis bought 15,000 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 12th. The stock was acquired at an average cost of $189.22 per share, with a total value of $2,838,300.00. Following the acquisition, the director owned 975,394 shares of the company's stock, valued at $184,564,052.68. This trade represents a 1.56% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Alpha Metallurgical Resources Price Performance
Alpha Metallurgical Resources stock opened at $179.72 on Friday. Alpha Metallurgical Resources, Inc. has a one year low of $97.41 and a one year high of $253.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67. The business has a fifty day moving average of $194.58 and a two-hundred day moving average of $192.31. The company has a market cap of $2.29 billion, a P/E ratio of -59.91 and a beta of 0.60.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting analysts' consensus estimates of ($0.86). Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The company had revenue of $447.32 million during the quarter, compared to the consensus estimate of $535.15 million. During the same quarter last year, the company earned ($2.60) earnings per share. Alpha Metallurgical Resources's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of 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 Tuesday, May 5th. Weiss Ratings restated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. B. Riley Financial raised their price target on Alpha Metallurgical Resources from $203.00 to $207.00 and gave the company a "neutral" rating in a research report on Thursday, March 5th. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, Benchmark restated a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Alpha Metallurgical Resources currently has a consensus rating of "Reduce" and an average target price of $195.33.
Get Our Latest Stock Analysis on AMR
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AMR. Allianz Asset Management GmbH increased its position in Alpha Metallurgical Resources by 83.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 20,719 shares of the energy company's stock worth $3,400,000 after purchasing an additional 9,412 shares in the last quarter. Investment House LLC increased its position in Alpha Metallurgical Resources by 112.4% during the 3rd quarter. Investment House LLC now owns 12,341 shares of the energy company's stock worth $2,025,000 after purchasing an additional 6,531 shares in the last quarter. JPMorgan Chase & Co. increased its position in Alpha Metallurgical Resources by 21.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 91,732 shares of the energy company's stock worth $15,052,000 after purchasing an additional 16,295 shares in the last quarter. Systrade AG purchased a new stake in Alpha Metallurgical Resources during the 4th quarter worth about $55,966,000. Finally, Contrarius Group Holdings Ltd purchased a new stake in Alpha Metallurgical Resources during the 3rd quarter worth about $12,146,000. Hedge funds and other institutional investors own 84.29% of the company's stock.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
