Alpha Metallurgical Resources (NYSE:AMR) Hits New 12-Month Low - Here's Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company 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 Stock Performance

The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 4.63 and a beta of 1.50. The business's 50-day moving average is $159.17 and its 200-day moving average is $197.51.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last posted its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) 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 the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business's revenue was down 35.7% on a year-over-year basis. During the same quarter last year, the firm posted $12.88 EPS. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. New Age Alpha Advisors LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at about $40,000. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources in the fourth quarter worth about $50,000. PNC Financial Services Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company's stock worth $58,000 after acquiring an additional 162 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Alpha Metallurgical Resources during the fourth quarter worth approximately $60,000. Finally, GAMMA Investing LLC grew its stake in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company's stock valued at $62,000 after purchasing an additional 175 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

Remove Ads

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.