Alpha Metallurgical Resources, Inc. (NYSE:AMR – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $195.3333.
AMR has been the topic of a number of research analyst reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, March 2nd. Zacks Research cut shares of Alpha Metallurgical Resources from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Alpha Metallurgical Resources in a research report on Friday, March 27th. B. Riley Financial increased their price objective on shares of Alpha Metallurgical Resources from $203.00 to $207.00 and gave the stock a “neutral” rating in a research report on Thursday, March 5th. Finally, Atlantic Securities set a $194.00 price objective on shares of Alpha Metallurgical Resources in a research report on Thursday, April 30th.
Check Out Our Latest Report on AMR
Insider Transactions at Alpha Metallurgical Resources
Hedge Funds Weigh In On Alpha Metallurgical Resources
Several hedge funds have recently modified their holdings of the company. Quantinno Capital Management LP lifted its position in shares of Alpha Metallurgical Resources by 12.6% during the 1st quarter. Quantinno Capital Management LP now owns 1,280 shares of the energy company’s stock worth $263,000 after buying an additional 143 shares in the last quarter. Sei Investments Co. increased its stake in shares of Alpha Metallurgical Resources by 86.0% during the 1st quarter. Sei Investments Co. now owns 38,213 shares of the energy company’s stock worth $7,844,000 after purchasing an additional 17,673 shares during the last quarter. State of Wyoming increased its stake in shares of Alpha Metallurgical Resources by 163.4% during the 1st quarter. State of Wyoming now owns 2,766 shares of the energy company’s stock worth $568,000 after purchasing an additional 1,716 shares during the last quarter. Himension Capital Singapore PTE. LTD. purchased a new stake in shares of Alpha Metallurgical Resources during the 1st quarter worth approximately $1,092,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 38,300 shares during the last quarter. Institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Stock Performance
Shares of AMR opened at $179.72 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.81 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.29 billion, a P/E ratio of -59.91 and a beta of 0.60. The firm’s fifty day simple moving average is $194.58 and its two-hundred day simple moving average is $192.31. Alpha Metallurgical Resources has a 12 month low of $97.41 and a 12 month high of $253.82.
Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) last issued its quarterly earnings results on Friday, May 8th. The energy company reported ($0.86) EPS for the quarter, meeting analysts’ consensus estimates of ($0.86). The business had revenue of $447.32 million for the quarter, compared to analysts’ expectations of $535.15 million. Alpha Metallurgical Resources had a negative net margin of 1.83% and a negative return on equity of 2.47%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($2.60) earnings per share. As a group, analysts predict that Alpha Metallurgical Resources will post 11.98 EPS for the current year.
About Alpha Metallurgical Resources
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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