Alpha Metallurgical Resources (NYSE:AMR) Price Target Lowered to $183.00 at B. Riley

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) had its target price dropped by research analysts at B. Riley from $272.00 to $183.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the energy company's stock. B. Riley's price objective would suggest a potential upside of 55.37% from the company's previous close. B. Riley also issued estimates for Alpha Metallurgical Resources' FY2026 earnings at $41.59 EPS and FY2027 earnings at $40.82 EPS.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR traded down $0.23 during midday trading on Friday, reaching $117.78. 124,154 shares of the company's stock traded hands, compared to its average volume of 227,477. The company has a market cap of $1.54 billion, a P/E ratio of 4.32 and a beta of 1.08. The company has a fifty day simple moving average of $137.74 and a two-hundred day simple moving average of $187.72. Alpha Metallurgical Resources has a 1 year low of $100.00 and a 1 year high of $361.17.

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

Institutional Trading of Alpha Metallurgical Resources

Several hedge funds have recently made changes to their positions in AMR. AdvisorNet Financial Inc grew its position in Alpha Metallurgical Resources by 214.3% in the first quarter. AdvisorNet Financial Inc now owns 220 shares of the energy company's stock worth $28,000 after acquiring an additional 150 shares during the period. New Age Alpha Advisors LLC purchased a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $40,000. FNY Investment Advisers LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at $50,000. PNC Financial Services Group Inc. increased its holdings in Alpha Metallurgical Resources by 127.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after purchasing an additional 162 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources in the 4th quarter valued at about $60,000. 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.