Alpha Metallurgical Resources (NYSE:AMR) Reaches New 1-Year Low at $203.51

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price hit a new 52-week low on Thursday . The stock traded as low as $203.51 and last traded at $203.51, with a volume of 263723 shares traded. The stock had previously closed at $214.35.

Analyst Ratings Changes

AMR has been the topic of several recent research reports. B. Riley reduced their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research note on Friday. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday, August 6th.

Alpha Metallurgical Resources Stock Performance

The company has a 50-day moving average price of $271.74 and a 200-day moving average price of $305.56. The firm has a market capitalization of $2.56 billion, a P/E ratio of 4.77 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.03. The company had revenue of $804.00 million during the quarter, compared to analyst estimates of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $12.16 EPS. Equities analysts predict that Alpha Metallurgical Resources, Inc. will post 26.33 EPS for the current year.

Institutional Trading of Alpha Metallurgical Resources

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. increased its stake in Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company’s stock worth $172,023,000 after purchasing an additional 111,504 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in shares of Alpha Metallurgical Resources during the first quarter worth $32,999,000. Norges Bank acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $21,900,000. Principal Financial Group Inc. raised its holdings in shares of Alpha Metallurgical Resources by 523.6% during the fourth quarter. Principal Financial Group Inc. now owns 75,966 shares of the energy company’s stock worth $25,746,000 after acquiring an additional 63,784 shares during the period. Finally, Gendell Jeffrey L lifted its position in Alpha Metallurgical Resources by 21.8% in the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company’s stock valued at $115,951,000 after acquiring an additional 62,725 shares in the last quarter. 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.