Key Points
- Alpha Metallurgical Resources EVP Mark Matthew Manno sold 460 shares on June 1 at an average price of $214.64, totaling about $98,734. After the transaction, he still held 3,966 shares valued at roughly $851,262.
- The stock rose 0.6% and was trading at $216.68, near its 52-week high of $253.82, while the company showed a market cap of $2.76 billion and a low debt-to-equity ratio of 0.01.
- Alpha Metallurgical recently met earnings expectations with EPS of -$0.86, but revenue missed estimates at $447.32 million. Analysts remain cautious, with a consensus rating of “Reduce” and an average target price of $195.33.
Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) EVP Mark Matthew Manno sold 460 shares of Alpha Metallurgical Resources stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $214.64, for a total value of $98,734.40. Following the sale, the executive vice president directly owned 3,966 shares of the company's stock, valued at approximately $851,262.24. This represents a 10.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Alpha Metallurgical Resources Stock Up 0.6%
Alpha Metallurgical Resources stock opened at $216.68 on Wednesday. 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's 50-day simple moving average is $195.51 and its two-hundred day simple moving average is $194.03. The company has a market cap of $2.76 billion, a PE ratio of -72.23 and a beta of 0.62. Alpha Metallurgical Resources, Inc. has a fifty-two week low of $97.41 and a fifty-two week high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) earnings per share for the quarter, meeting the consensus estimate of ($0.86). The business had revenue of $447.32 million for the quarter, compared to the consensus estimate of $535.15 million. Alpha Metallurgical Resources had a negative return on equity of 2.47% and a negative net margin of 1.83%.The company's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($2.60) EPS. Equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 11.98 EPS for the current year.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Atlantic Securities set a $194.00 price target on Alpha Metallurgical Resources in a research note on Thursday, April 30th. Weiss Ratings reiterated a "sell (d)" rating on shares of Alpha Metallurgical Resources in a research note on Friday, March 27th. Benchmark reiterated a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. B. Riley Financial increased 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. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $185.00 price objective on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $195.33.
Check Out Our Latest Research Report on Alpha Metallurgical Resources
Hedge Funds Weigh In On Alpha Metallurgical Resources
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System lifted its holdings in Alpha Metallurgical Resources by 23.0% during the first quarter. California State Teachers Retirement System now owns 13,237 shares of the energy company's stock valued at $2,717,000 after purchasing an additional 2,474 shares in the last quarter. Empowered Funds LLC lifted its holdings in Alpha Metallurgical Resources by 79.4% during the first quarter. Empowered Funds LLC now owns 37,347 shares of the energy company's stock valued at $7,666,000 after purchasing an additional 16,525 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in Alpha Metallurgical Resources by 12.6% during the first quarter. Quantinno Capital Management LP now owns 1,280 shares of the energy company's stock valued at $263,000 after purchasing an additional 143 shares in the last quarter. Sei Investments Co. lifted its holdings in Alpha Metallurgical Resources by 86.0% during the first quarter. Sei Investments Co. now owns 38,213 shares of the energy company's stock valued at $7,844,000 after purchasing an additional 17,673 shares in the last quarter. Finally, State of Wyoming lifted its holdings in Alpha Metallurgical Resources by 163.4% during the first quarter. State of Wyoming now owns 2,766 shares of the energy company's stock valued at $568,000 after purchasing an additional 1,716 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.
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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