Alpha Metallurgical Resources (NYSE:AMR) Trading Down 3.5% – Should You Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price was down 3.5% on Friday . The stock traded as low as $243.00 and last traded at $243.00. Approximately 109,985 shares changed hands during trading, a decline of 49% from the average daily volume of 217,138 shares. The stock had previously closed at $251.73.

Analysts Set New Price Targets

A number of brokerages have recently commented on AMR. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th. B. Riley lowered their price target on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

Alpha Metallurgical Resources Trading Down 2.5 %

The firm has a 50 day moving average price of $223.45 and a two-hundred day moving average price of $258.95. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.01 and a beta of 1.33.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same quarter in the previous year, the business posted $6.65 earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMR. Pacer Advisors Inc. lifted its holdings in 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 buying an additional 185,376 shares during the last quarter. Hosking Partners LLP bought a new position in Alpha Metallurgical Resources during the 2nd quarter worth approximately $5,123,000. American Century Companies Inc. lifted its holdings in Alpha Metallurgical Resources by 6.0% during the 2nd quarter. American Century Companies Inc. now owns 305,726 shares of the energy company’s stock worth $85,765,000 after buying an additional 17,261 shares during the last quarter. Edgestream Partners L.P. lifted its holdings in Alpha Metallurgical Resources by 743.8% during the 2nd quarter. Edgestream Partners L.P. now owns 17,247 shares of the energy company’s stock worth $4,838,000 after buying an additional 15,203 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after purchasing an additional 14,089 shares during the period. Hedge funds and other 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.