Alpha Metallurgical Resources (NYSE:AMR) Given "Hold" Rating at Benchmark

Benchmark restated their hold rating on shares of Alpha Metallurgical Resources (NYSE:AMR - Free Report) in a research report sent to investors on Monday, Benzinga reports.

Separately, B. Riley decreased their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a research report on Friday, September 6th.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE AMR traded up $10.79 during midday trading on Monday, reaching $213.39. The stock had a trading volume of 252,680 shares, compared to its average volume of 219,802. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 6.31 and a beta of 1.33. Alpha Metallurgical Resources has a 12-month low of $185.00 and a 12-month high of $452.00. The stock has a 50-day moving average of $216.68 and a 200-day moving average of $267.61.

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $671.90 million for the quarter, compared to analysts' expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The company's quarterly revenue was down 9.4% compared to the same quarter last year. During the same period last year, the business earned $6.65 earnings per share. As a group, analysts forecast that Alpha Metallurgical Resources will post 17.89 EPS for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Alpha Metallurgical Resources by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,224,801 shares of the energy company's stock worth $405,617,000 after acquiring an additional 11,217 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Alpha Metallurgical Resources by 22.2% during the 2nd quarter. Pacer Advisors Inc. now owns 613,208 shares of the energy company's stock valued at $172,023,000 after purchasing an additional 111,504 shares during the last quarter. Gendell Jeffrey L raised its holdings in Alpha Metallurgical Resources by 21.8% during the 1st quarter. Gendell Jeffrey L now owns 350,125 shares of the energy company's stock valued at $115,951,000 after buying an additional 62,725 shares during the period. American Century Companies Inc. lifted its position in Alpha Metallurgical Resources by 6.0% in the second quarter. American Century Companies Inc. now owns 305,726 shares of the energy company's stock worth $85,765,000 after buying an additional 17,261 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in Alpha Metallurgical Resources by 6.7% during the second quarter. Jupiter Asset Management Ltd. now owns 106,289 shares of the energy company's stock worth $29,817,000 after buying an additional 6,646 shares during the period. 84.29% of the stock is currently owned by institutional investors.

About Alpha Metallurgical Resources

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.