Alpha Metallurgical Resources (NYSE:AMR) Trading Up 6.6% – Should You Buy?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price shot up 6.6% during trading on Monday . The stock traded as high as $190.53 and last traded at $188.40. 178,645 shares changed hands during trading, a decline of 14% from the average session volume of 208,815 shares. The stock had previously closed at $176.67.

Analysts Set New Price Targets

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

Alpha Metallurgical Resources Stock Performance

The company has a 50 day simple moving average of $221.42 and a 200 day simple moving average of $236.66. The company has a market capitalization of $2.49 billion, a PE ratio of 7.02 and a beta of 1.48.

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

Insider Transactions at Alpha Metallurgical Resources

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 30.2% during the 3rd quarter. Pacer Advisors Inc. now owns 798,584 shares of the energy company’s stock worth $188,610,000 after purchasing an additional 185,376 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 162,883 shares of the energy company’s stock worth $38,470,000 after purchasing an additional 7,241 shares during the last quarter. Goehring & Rozencwajg Associates LLC lifted its holdings in Alpha Metallurgical Resources by 13.1% in the second quarter. Goehring & Rozencwajg Associates LLC now owns 69,847 shares of the energy company’s stock valued at $19,594,000 after acquiring an additional 8,100 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Alpha Metallurgical Resources by 26.5% in the third quarter. Wellington Management Group LLP now owns 48,515 shares of the energy company’s stock valued at $11,458,000 after acquiring an additional 10,161 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Alpha Metallurgical Resources by 4.9% in the second quarter. Public Sector Pension Investment Board now owns 25,429 shares of the energy company’s stock valued at $7,134,000 after acquiring an additional 1,188 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.