Alpha Metallurgical Resources (NYSE:AMR) Sets New 1-Year Low - Here's Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $123.57 and last traded at $126.97, with a volume of 55336 shares trading hands. The stock had previously closed at $126.74.

Alpha Metallurgical Resources Trading Up 0.0 %

The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 4.59 and a beta of 1.50. The stock has a 50-day moving average of $164.11 and a two-hundred day moving average of $199.54.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same quarter last year, the business earned $12.88 EPS. The company's revenue for the quarter was down 35.7% compared to the same quarter last year. Sell-side 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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Summit Investment Advisors Inc. boosted its position in Alpha Metallurgical Resources by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company's stock worth $230,000 after acquiring an additional 73 shares during the period. Bank of Montreal Can raised its stake in shares of Alpha Metallurgical Resources by 6.0% in the 4th quarter. Bank of Montreal Can now owns 1,318 shares of the energy company's stock valued at $264,000 after acquiring an additional 75 shares in the last quarter. X Square Capital LLC raised its stake in shares of Alpha Metallurgical Resources by 2.9% in the 4th quarter. X Square Capital LLC now owns 3,005 shares of the energy company's stock valued at $601,000 after acquiring an additional 84 shares in the last quarter. Swiss National Bank raised its stake in shares of Alpha Metallurgical Resources by 0.5% in the 4th quarter. Swiss National Bank now owns 21,700 shares of the energy company's stock valued at $4,343,000 after acquiring an additional 100 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in Alpha Metallurgical Resources by 2.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company's stock worth $1,518,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

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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.