Alpha Metallurgical Resources (NYSE:AMR) Hits New 1-Year Low – Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) hit a new 52-week low on Monday . The stock traded as low as $122.00 and last traded at $127.38, with a volume of 998419 shares traded. The stock had previously closed at $125.01.

Alpha Metallurgical Resources Price Performance

The firm has a 50 day moving average of $161.55 and a two-hundred day moving average of $198.44. The stock has a market cap of $1.70 billion, a PE ratio of 4.78 and a beta of 1.50.

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

Hedge Funds Weigh In On Alpha Metallurgical Resources

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock valued at $2,429,000 after purchasing an additional 4,985 shares during the period. Ruffer LLP purchased a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $4,100,000. Barclays PLC boosted its holdings in shares of Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after acquiring an additional 14,089 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $3,564,000. Finally, Impala Asset Management LLC acquired a new position in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $1,181,000. 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.