Alpha Metallurgical Resources (NYSE:AMR) Sets New 12-Month Low - What's Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $185.00 and last traded at $186.45, with a volume of 18563 shares trading hands. The stock had previously closed at $187.42.

Wall Street Analyst Weigh In

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

Alpha Metallurgical Resources Trading Down 5.8 %

The firm has a 50-day moving average of $222.39 and a two-hundred day moving average of $238.41. The firm has a market capitalization of $2.30 billion, a PE ratio of 6.48 and a beta of 1.48.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last issued its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.60 by ($1.31). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. During the same quarter last year, the company posted $6.65 EPS. The business's revenue for the quarter was down 9.4% compared to the same quarter last year. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 16.87 earnings per share for the current fiscal year.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now directly owns 603,342 shares in the company, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 15.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company's stock worth $4,402,000 after acquiring an additional 14,089 shares during the period. Stratos Wealth Advisors LLC raised its stake in Alpha Metallurgical Resources by 50.3% during the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company's stock worth $2,333,000 after acquiring an additional 3,305 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 22.4% during the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company's stock valued at $3,647,000 after acquiring an additional 2,823 shares during the period. Impala Asset Management LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $1,181,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 3rd quarter valued at $640,000. Institutional investors and hedge funds 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.