Alpha Metallurgical Resources (NYSE:AMR) Earns “Hold” Rating from Benchmark

Alpha Metallurgical Resources (NYSE:AMR)‘s stock had its “hold” rating restated by equities research analysts at Benchmark in a research note issued to investors on Monday, Benzinga reports.

Separately, B. Riley decreased their target price on shares of Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a research report on Friday, September 6th.

Alpha Metallurgical Resources Stock Up 4.5 %

Shares of NYSE:AMR opened at $222.98 on Monday. Alpha Metallurgical Resources has a 52-week low of $185.00 and a 52-week high of $452.00. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 8.18 and a beta of 1.33. The business has a 50-day moving average price of $216.30 and a 200-day moving average price of $265.99.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly 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 return on equity of 22.65% and a net margin of 11.08%. The business had revenue of $671.90 million for the quarter, compared to analysts’ expectations of $672.95 million. During the same period in the prior year, the business posted $6.65 earnings per share. The business’s quarterly revenue was down 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha Metallurgical Resources will post 17.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMR. PNC Financial Services Group Inc. grew its stake in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after purchasing an additional 161 shares during the period. Texas Permanent School Fund Corp grew its position in Alpha Metallurgical Resources by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 10,347 shares of the energy company’s stock valued at $3,427,000 after buying an additional 135 shares during the period. Gallacher Capital Management LLC purchased a new position in Alpha Metallurgical Resources in the first quarter valued at $374,000. Empowered Funds LLC raised its position in shares of Alpha Metallurgical Resources by 85.5% in the first quarter. Empowered Funds LLC now owns 41,555 shares of the energy company’s stock worth $13,762,000 after acquiring an additional 19,154 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Alpha Metallurgical Resources during the 1st quarter worth about $356,000. 84.29% of the stock is currently owned by hedge funds and other 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.