Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis acquired 5,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price of $228.99 per share, with a total value of $1,144,950.00. Following the completion of the transaction, the director owned 1,025,394 shares in the company, valued at $234,804,972.06. This represents a 0.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Alpha Metallurgical Resources Price Performance
Shares of NYSE:AMR opened at $235.84 on Tuesday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -65.88 and a beta of 0.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.41 and a quick ratio of 2.37. The firm has a 50 day simple moving average of $163.86 and a 200 day simple moving average of $181.67. Alpha Metallurgical Resources, Inc. has a one year low of $133.64 and a one year high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, beating analysts' consensus estimates of ($0.97) by $0.01. The firm had revenue of $421.29 million for the quarter, compared to analyst estimates of $521.61 million. Alpha Metallurgical Resources had a negative net margin of 2.23% and a negative return on equity of 2.99%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.38) earnings per share. Research analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 earnings per share for the current fiscal year.
Institutional Trading of Alpha Metallurgical Resources
Several institutional investors and hedge funds have recently modified their holdings of AMR. California State Teachers Retirement System grew its holdings in Alpha Metallurgical Resources by 15,924.2% during the second quarter. California State Teachers Retirement System now owns 2,121,128 shares of the energy company's stock worth $349,859,000 after buying an additional 2,107,891 shares in the last quarter. BlackRock Inc. bought a new position in Alpha Metallurgical Resources during the 2nd quarter valued at $299,230,000. State Street Corp boosted its holdings in Alpha Metallurgical Resources by 27.2% during the 2nd quarter. State Street Corp now owns 865,934 shares of the energy company's stock worth $97,400,000 after acquiring an additional 185,281 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Alpha Metallurgical Resources by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 721,872 shares of the energy company's stock worth $148,192,000 after acquiring an additional 38,300 shares during the last quarter. Finally, Continental General Insurance Co. grew its stake in shares of Alpha Metallurgical Resources by 6.4% in the 4th quarter. Continental General Insurance Co. now owns 644,025 shares of the energy company's stock worth $128,728,000 after acquiring an additional 38,576 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the company. Weiss Ratings lowered Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a research report on Tuesday, August 11th. B. Riley Financial dropped their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating for the company in a research report on Thursday, August 20th. Jefferies Financial Group reiterated a "hold" rating and issued a $160.00 target price on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Zacks Research lowered Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 27th. Finally, Wall Street Zen cut Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $176.00.
Read Our Latest Research Report on Alpha Metallurgical Resources
Alpha Metallurgical Resources Company Profile
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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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