Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low - Time to Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $146.85 and last traded at $148.95, with a volume of 335476 shares trading hands. The stock had previously closed at $150.78.

Wall Street Analysts Forecast Growth

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

Alpha Metallurgical Resources Stock Down 4.6 %

The company's fifty day moving average is $183.33 and its two-hundred day moving average is $210.01. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 4.82 and a beta of 1.43.

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). The firm had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources's revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $12.88 earnings per share. Sell-side analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

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Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now owns 603,342 shares of the company's stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Harbor Capital Advisors Inc. purchased a new stake in Alpha Metallurgical Resources in the third quarter valued at $36,000. New Age Alpha Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth about $40,000. FNY Investment Advisers LLC purchased a new stake in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. boosted its position in shares of Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock valued at $58,000 after purchasing an additional 162 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $60,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.