Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low at $203.51

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) reached 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 a number of recent research reports. B. Riley dropped their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a research report on Friday. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, August 6th.

Alpha Metallurgical Resources Trading Down 3.2 %

The firm’s 50 day simple moving average is $271.74 and its 200-day simple moving average is $305.56. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 4.77 and a beta of 1.30.

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

Institutional Investors Weigh In On Alpha Metallurgical Resources

A number of institutional investors and hedge funds have recently made changes to their positions in AMR. Federated Hermes Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 2nd quarter valued at about $25,000. Quadrant Capital Group LLC bought a new stake in Alpha Metallurgical Resources in the fourth quarter valued at approximately $35,000. Creekmur Asset Management LLC acquired a new stake in shares of Alpha Metallurgical Resources in the fourth quarter valued at approximately $36,000. PNC Financial Services Group Inc. boosted its stake in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after acquiring an additional 161 shares during the period. Finally, FinTrust Capital Advisors LLC bought a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth approximately $64,000. 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.