Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) Director Kenneth Courtis acquired 10,000 shares of the stock in a transaction on Tuesday, September 8th. The stock was acquired at an average cost of $225.83 per share, for a total transaction of $2,258,300.00. Following the acquisition, the director directly owned 1,035,394 shares in the company, valued at $233,823,027.02. This represents a 0.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Alpha Metallurgical Resources Stock Performance
Shares of AMR stock opened at $223.44 on Wednesday. The company has a current ratio of 3.41, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $171.13 and a 200-day simple moving average of $183.39. The company has a market cap of $2.83 billion, a price-to-earnings ratio of -62.41 and a beta of 0.68. Alpha Metallurgical Resources, Inc. has a 12-month low of $133.64 and a 12-month high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The energy company reported ($0.96) earnings per share for the quarter, topping 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 return on equity of 2.99% and a negative net margin of 2.23%.Alpha Metallurgical Resources's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.38) earnings per share. On average, equities analysts forecast that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on AMR. Weiss Ratings downgraded shares of Alpha Metallurgical Resources from a "sell (d)" rating to a "sell (e+)" rating in a report on Tuesday, August 11th. Zacks Research cut Alpha Metallurgical Resources from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. UBS Group initiated coverage on Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a "neutral" rating and a $165.00 price objective for the company. Wall Street Zen downgraded Alpha Metallurgical Resources from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, B. Riley Financial lowered their target price on Alpha Metallurgical Resources from $189.00 to $185.00 and set a "neutral" rating on the stock in a report on Thursday, August 20th. Five analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $176.00.
Read Our Latest Stock Analysis on Alpha Metallurgical Resources
Institutional Investors Weigh In On Alpha Metallurgical Resources
Several hedge funds have recently made changes to their positions in AMR. California State Teachers Retirement System boosted its stake in Alpha Metallurgical Resources by 15,924.2% in the 2nd 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 during the last quarter. BlackRock Inc. acquired a new stake in Alpha Metallurgical Resources in the second quarter valued at approximately $299,230,000. State Street Corp increased its stake 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 buying an additional 185,281 shares during the period. Goehring & Rozencwajg Associates LLC increased its position in shares of Alpha Metallurgical Resources by 206.8% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 242,039 shares of the energy company's stock worth $49,683,000 after acquiring an additional 163,144 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in Alpha Metallurgical Resources by 208.0% during the 1st quarter. Millennium Management LLC now owns 106,107 shares of the energy company's stock worth $13,290,000 after purchasing an additional 71,653 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.
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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