Alpha Metallurgical Resources (NYSE:AMR) Stock Price Up 3.8% - Still a Buy?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price rose 3.8% on Tuesday . The stock traded as high as $134.99 and last traded at $134.35. Approximately 94,470 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 282,860 shares. The stock had previously closed at $129.45.

Alpha Metallurgical Resources Stock Performance

The stock's 50-day simple moving average is $157.87 and its 200-day simple moving average is $197.11. The firm has a market capitalization of $1.65 billion, a PE ratio of 4.65 and a beta of 1.50.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.09). The company had revenue of $617.30 million during the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources's quarterly revenue was down 35.7% on a year-over-year basis. During the same period in the previous year, the company earned $12.88 earnings per share. As a group, analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $26,332,000. Jacobs Levy Equity Management Inc. bought a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $6,958,000. American Century Companies Inc. lifted its holdings in shares of Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company's stock valued at $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Nomura Holdings Inc. boosted its position in shares of Alpha Metallurgical Resources by 1,706.0% in the 4th quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company's stock worth $6,144,000 after purchasing an additional 29,002 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company's stock worth $147,366,000 after buying an additional 28,225 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.