Alpha Metallurgical Resources (NYSE:AMR) Reaches New 12-Month Low – Here’s Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price reached a new 52-week low on Friday . The company traded as low as $185.00 and last traded at $186.45, with a volume of 18563 shares changing hands. The stock had previously closed at $187.42.

Analysts Set New Price Targets

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

Alpha Metallurgical Resources Stock Performance

The firm has a market cap of $2.30 billion, a P/E ratio of 6.48 and a beta of 1.48. The firm has a 50 day simple moving average of $222.39 and a 200 day simple moving average of $238.14.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, November 1st. The energy company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $671.90 million during the quarter, compared to the consensus estimate of $672.95 million. During the same quarter last year, the business posted $6.65 earnings per share. Alpha Metallurgical Resources’s revenue was down 9.4% compared to the same quarter last year. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 16.87 EPS for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, the director now directly owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently bought and sold shares of AMR. Creative Planning lifted its holdings in shares of Alpha Metallurgical Resources by 2.9% during the 2nd quarter. Creative Planning now owns 1,529 shares of the energy company’s stock worth $429,000 after acquiring an additional 43 shares during the last quarter. GAMMA Investing LLC lifted its stake in Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after purchasing an additional 76 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Alpha Metallurgical Resources by 9.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 997 shares of the energy company’s stock worth $280,000 after purchasing an additional 83 shares during the last quarter. Federated Hermes Inc. purchased a new position in shares of Alpha Metallurgical Resources in the 2nd quarter worth about $25,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Alpha Metallurgical Resources by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,695 shares of the energy company’s stock valued at $1,878,000 after purchasing an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.