Alpha Metallurgical Resources (NYSE:AMR) Shares Down 4.5%

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price dropped 4.5% during trading on Friday . The stock traded as low as $306.24 and last traded at $306.24. Approximately 34,868 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 228,340 shares. The stock had previously closed at $320.78.

Analyst Ratings Changes

Several brokerages recently issued reports on AMR. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, May 7th. B. Riley upped their price objective on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

Alpha Metallurgical Resources Stock Down 3.6 %

The firm has a market cap of $4.02 billion, a PE ratio of 7.42 and a beta of 1.36. The company has a 50-day simple moving average of $304.23 and a two-hundred day simple moving average of $337.50.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02). The company had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $845.35 million. Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. Alpha Metallurgical Resources’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period last year, the firm posted $17.01 earnings per share. As a group, equities analysts predict that Alpha Metallurgical Resources, Inc. will post 28.91 earnings per share for the current year.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 3,593 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $290.16, for a total value of $1,042,544.88. Following the completion of the sale, the chief accounting officer now directly owns 6,127 shares of the company’s stock, valued at $1,777,810.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 16.40% of the stock is owned by company insiders.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently modified their holdings of AMR. Stifel Financial Corp purchased a new stake in shares of Alpha Metallurgical Resources during the third quarter worth $2,363,000. Qube Research & Technologies Ltd bought a new position in Alpha Metallurgical Resources in the 3rd quarter worth about $2,991,000. Tower Research Capital LLC TRC boosted its stake in Alpha Metallurgical Resources by 338.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,559 shares of the energy company’s stock worth $665,000 after purchasing an additional 1,975 shares during the period. Deutsche Bank AG grew its holdings in Alpha Metallurgical Resources by 1.1% during the 3rd quarter. Deutsche Bank AG now owns 73,462 shares of the energy company’s stock valued at $19,080,000 after buying an additional 788 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Alpha Metallurgical Resources by 6.8% during the third quarter. American Century Companies Inc. now owns 246,828 shares of the energy company’s stock valued at $64,109,000 after buying an additional 15,692 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Alpha Metallurgical Resources Company Profile

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. The company offers metallurgical coal products. It operates twenty-two active mines and nine coal preparation and load-out facilities. The company was formerly known as Contura Energy, Inc and changed its name to Alpha Metallurgical Resources, Inc in February 2021.