Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low – Here’s What Happened

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $121.60 and last traded at $122.63, with a volume of 21931 shares trading hands. The stock had previously closed at $126.49.

Alpha Metallurgical Resources Price Performance

The company has a 50 day moving average price of $155.15 and a 200 day moving average price of $196.02. The firm has a market cap of $1.68 billion, a PE ratio of 4.71 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last announced its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The firm’s quarterly revenue was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.88 EPS. On average, equities analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of institutional investors have recently added to or reduced their stakes in AMR. Dimensional Fund Advisors LP raised its stake in shares of Alpha Metallurgical Resources by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after buying an additional 28,225 shares in the last quarter. Renaissance Technologies LLC raised its position in Alpha Metallurgical Resources by 0.8% in the fourth quarter. Renaissance Technologies LLC now owns 540,215 shares of the energy company’s stock worth $108,108,000 after acquiring an additional 4,200 shares in the last quarter. Dalal Street LLC raised its position in Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company’s stock worth $97,509,000 after acquiring an additional 7,553 shares in the last quarter. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 9.8% in the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock valued at $71,844,000 after acquiring an additional 32,027 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alpha Metallurgical Resources by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 183,519 shares of the energy company’s stock worth $36,726,000 after purchasing an additional 20,636 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About Alpha Metallurgical Resources

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.