Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis purchased 10,000 shares of the company's stock in a transaction on Friday, June 12th. The stock was bought at an average cost of $200.73 per share, for a total transaction of $2,007,300.00. Following the acquisition, the director directly owned 985,394 shares of the company's stock, valued at $197,798,137.62. This represents a 1.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Alpha Metallurgical Resources Price Performance
NYSE AMR opened at $187.35 on Wednesday. The stock has a market capitalization of $2.38 billion, a P/E ratio of -62.45 and a beta of 0.62. Alpha Metallurgical Resources, Inc. has a 1 year low of $97.41 and a 1 year high of $253.82. The business's fifty day moving average is $193.55 and its two-hundred day moving average is $197.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.81 and a current ratio of 3.67.
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 (EPS) for the quarter, meeting the consensus estimate of ($0.86). The company had revenue of $447.32 million for the quarter, compared to analysts' expectations 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 firm's revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.60) earnings per share. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 11.98 earnings per share for the current fiscal year.
Institutional Trading of Alpha Metallurgical Resources
Large investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd raised its stake in 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 during the period. Leonteq Securities AG acquired a new stake in Alpha Metallurgical Resources during the 1st quarter valued at $37,000. Aster Capital Management DIFC Ltd acquired a new stake in Alpha Metallurgical Resources during the 4th quarter valued at $45,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Alpha Metallurgical Resources by 85.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 380 shares of the energy company's stock valued at $62,000 after acquiring an additional 175 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Alpha Metallurgical Resources in a report on Friday, March 27th. Atlantic Securities set a $194.00 target price on shares of Alpha Metallurgical Resources in a research note on Thursday, April 30th. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Monday, March 2nd. Zacks Research downgraded shares of Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group reissued a "hold" rating and set a $185.00 target price 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $195.33.
Read Our Latest Analysis on Alpha Metallurgical Resources
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.
Further Reading
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