Alpha Metallurgical Resources (NYSE:AMR) Director Purchases $1,082,650.00 in Stock

Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) Director Kenneth Courtis bought 5,000 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, August 25th. The shares were acquired at an average cost of $216.53 per share, for a total transaction of $1,082,650.00. Following the completion of the acquisition, the director directly owned 1,020,394 shares in the company, valued at approximately $220,945,912.82. The trade was a 0.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alpha Metallurgical Resources Trading Up 3.0%

Shares of NYSE:AMR traded up $6.21 during mid-day trading on Tuesday, reaching $216.14. 312,365 shares of the company’s stock were exchanged, compared to its average volume of 285,552. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 3.41. Alpha Metallurgical Resources, Inc. has a twelve month low of $133.64 and a twelve month high of $253.82. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of -60.38 and a beta of 0.65. The business’s fifty day moving average price is $159.95 and its 200-day moving average price is $180.85.

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Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $421.29 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business posted ($0.38) earnings per share. On average, research analysts predict that Alpha Metallurgical Resources, Inc. will post -2.4 EPS for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

Several large investors have recently modified their holdings of AMR. California State Teachers Retirement System lifted its position in shares of Alpha Metallurgical Resources by 15,924.2% during the 2nd quarter. California State Teachers Retirement System now owns 2,121,128 shares of the energy company’s stock valued at $349,859,000 after acquiring an additional 2,107,891 shares during the period. NWF Advisory Services Inc. grew its holdings in Alpha Metallurgical Resources by 46.5% in the second quarter. NWF Advisory Services Inc. now owns 57,925 shares of the energy company’s stock worth $9,554,000 after purchasing an additional 18,390 shares during the period. Nykredit A S acquired a new stake in Alpha Metallurgical Resources in the second quarter worth $25,000. Susquehanna Fundamental Investments LLC bought a new stake in Alpha Metallurgical Resources in the second quarter valued at $413,000. Finally, Van ECK Associates Corp raised its holdings in shares of Alpha Metallurgical Resources by 9.9% during the second quarter. Van ECK Associates Corp now owns 10,723 shares of the energy company’s stock valued at $1,769,000 after purchasing an additional 969 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMR. UBS Group assumed coverage on Alpha Metallurgical Resources in a research note on Friday, July 10th. They issued a “neutral” rating and a $165.00 price objective on the stock. Jefferies Financial Group restated a “hold” rating and issued a $160.00 price target on shares of Alpha Metallurgical Resources in a research report on Tuesday, July 21st. Weiss Ratings downgraded shares of Alpha Metallurgical Resources from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, August 11th. Atlantic Securities set a $194.00 price target on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th. Finally, B. Riley Financial decreased their price target on Alpha Metallurgical Resources from $189.00 to $185.00 and set a “neutral” rating for the company in a report on Thursday, August 20th. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Alpha Metallurgical Resources currently has a consensus rating of “Reduce” and a consensus target price of $176.00.

Read Our Latest Analysis on AMR

Alpha Metallurgical Resources Company Profile

(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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