Alpha Metallurgical Resources (NYSE:AMR) Shares Gap Down to $161.30

Alpha Metallurgical Resources, Inc. (NYSE:AMRGet Rating)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $161.30, but opened at $157.04. Alpha Metallurgical Resources shares last traded at $157.12, with a volume of 1,312 shares changing hands.

Several equities research analysts recently issued reports on AMR shares. TheStreet upgraded shares of Alpha Metallurgical Resources from a “c” rating to a “b-” rating in a research note on Monday, April 4th. Zacks Investment Research raised shares of Alpha Metallurgical Resources from a “hold” rating to a “strong-buy” rating and set a $140.00 price target on the stock in a report on Thursday, March 10th. Finally, B. Riley raised shares of Alpha Metallurgical Resources from a “neutral” rating to a “buy” rating and increased their price target for the company from $143.00 to $155.00 in a report on Thursday, March 10th.

The company has a fifty day moving average of $116.20. The firm has a market capitalization of $2.82 billion, a P/E ratio of 10.45 and a beta of 1.42. The company has a quick ratio of 2.09, a current ratio of 2.53 and a debt-to-equity ratio of 0.85.

Alpha Metallurgical Resources (NYSE:AMRGet Rating) last announced its earnings results on Monday, March 7th. The energy company reported $13.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.44 by $2.01. Alpha Metallurgical Resources had a net margin of 12.79% and a return on equity of 101.79%. During the same quarter in the previous year, the firm earned ($3.00) EPS. On average, analysts expect that Alpha Metallurgical Resources, Inc. will post 69.97 EPS for the current year.

In related news, Director Scott D. Vogel sold 2,500 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, March 11th. The shares were sold at an average price of $135.46, for a total value of $338,650.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Roger Lee Nicholson sold 16,152 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $119.49, for a total transaction of $1,930,002.48. The disclosure for this sale can be found here. Insiders sold 108,895 shares of company stock worth $13,392,415 over the last three months. 5.70% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Alpha Metallurgical Resources by 21.8% in the fourth quarter. BlackRock Inc. now owns 1,699,497 shares of the energy company’s stock valued at $103,755,000 after buying an additional 304,641 shares in the last quarter. State Street Corp boosted its position in Alpha Metallurgical Resources by 117.0% in the fourth quarter. State Street Corp now owns 929,089 shares of the energy company’s stock valued at $56,721,000 after buying an additional 500,898 shares in the last quarter. Gendell Jeffrey L boosted its position in Alpha Metallurgical Resources by 9.1% in the third quarter. Gendell Jeffrey L now owns 897,017 shares of the energy company’s stock valued at $44,662,000 after buying an additional 75,082 shares in the last quarter. Cannell & Co. boosted its position in Alpha Metallurgical Resources by 87.2% in the fourth quarter. Cannell & Co. now owns 427,175 shares of the energy company’s stock valued at $26,079,000 after buying an additional 198,975 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of Alpha Metallurgical Resources by 38.9% during the third quarter. Two Sigma Advisers LP now owns 338,500 shares of the energy company’s stock worth $16,854,000 after purchasing an additional 94,800 shares during the period. Hedge funds and other institutional investors own 65.93% of the company’s stock.

About Alpha Metallurgical Resources (NYSE:AMR)

Alpha Metallurgical Resources, Inc, a mining company, produces, processes, and sells met and thermal coal in Virginia and West Virginia. As of December 31, 2021, it operated twenty active mines and eight 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.

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