Alpha Metallurgical Resources’ (AMR) Hold Rating Reaffirmed at Benchmark

Benchmark restated their hold rating on shares of Alpha Metallurgical Resources (NYSE:AMR) in a report issued on Wednesday morning, Benzinga reports.

Separately, B. Riley lowered their price objective 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 1.4 %

Shares of Alpha Metallurgical Resources stock opened at $223.55 on Wednesday. Alpha Metallurgical Resources has a twelve month low of $185.00 and a twelve month high of $452.00. The business has a 50-day moving average price of $224.82 and a 200-day moving average price of $277.89. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 5.42 and a beta of 1.30.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Monday, August 5th. The energy company reported $4.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.03. The business had revenue of $804.00 million for the quarter, compared to the consensus estimate of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $12.16 EPS. On average, equities analysts expect that Alpha Metallurgical Resources will post 20.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in shares of Alpha Metallurgical Resources in the 2nd quarter worth approximately $25,000. GAMMA Investing LLC boosted its stake in Alpha Metallurgical Resources by 124.6% during the third quarter. GAMMA Investing LLC now owns 137 shares of the energy company’s stock worth $32,000 after buying an additional 76 shares during the period. Sound Income Strategies LLC bought a new position in Alpha Metallurgical Resources during the third quarter valued at $40,000. PNC Financial Services Group Inc. raised its stake in shares of Alpha Metallurgical Resources by 947.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after acquiring an additional 161 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Alpha Metallurgical Resources in the 1st quarter worth about $88,000. 84.29% of the stock is 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.