Alpha Metallurgical Resources (NYSE:AMR) Hits New 12-Month Low – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $122.00 and last traded at $127.38, with a volume of 998419 shares. The stock had previously closed at $125.01.

Alpha Metallurgical Resources Stock Performance

The company’s 50 day moving average price is $164.11 and its 200-day moving average price is $199.43. The company has a market cap of $1.67 billion, a PE ratio of 4.70 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. During the same quarter in the previous year, the firm posted $12.88 EPS. Alpha Metallurgical Resources’s revenue was down 35.7% compared to the same quarter last year. Equities research analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Hedge funds and other institutional investors have recently modified their holdings of the stock. New Age Alpha Advisors LLC purchased a new position in shares of Alpha Metallurgical Resources during the fourth quarter valued at about $40,000. FNY Investment Advisers LLC purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $50,000. PNC Financial Services Group Inc. grew its holdings in Alpha Metallurgical Resources by 127.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after purchasing an additional 162 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $60,000. Finally, GAMMA Investing LLC grew its holdings in Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.