Alpha Metallurgical Resources (NYSE:AMR) Stock Price Down 4% - Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Get Free Report)'s stock price was down 4% on Wednesday . The company traded as low as $123.42 and last traded at $123.02. Approximately 33,382 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 277,767 shares. The stock had previously closed at $128.15.

Alpha Metallurgical Resources Stock Up 0.5 %

The company has a market capitalization of $1.42 billion, a P/E ratio of 4.00 and a beta of 1.08. The stock has a fifty day simple moving average of $150.41 and a 200-day simple moving average of $194.14.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its earnings results on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the firm earned $12.88 earnings per share. The firm's revenue was down 35.7% compared to the same quarter last year. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Empowered Funds LLC increased its position in Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company's stock valued at $2,429,000 after acquiring an additional 4,985 shares in the last quarter. Ruffer LLP bought a new stake in shares of Alpha Metallurgical Resources during the fourth quarter worth $4,100,000. Barclays PLC boosted its holdings in Alpha Metallurgical Resources by 309.2% in the third quarter. Barclays PLC now owns 18,646 shares of the energy company's stock valued at $4,402,000 after acquiring an additional 14,089 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $3,564,000. Finally, Dalal Street LLC boosted its stake in shares of Alpha Metallurgical Resources by 1.6% in the 4th quarter. Dalal Street LLC now owns 487,251 shares of the energy company's stock valued at $97,509,000 after purchasing an additional 7,553 shares during the last quarter. 84.29% of the stock is owned by 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.