Alpha Metallurgical Resources (NYSE:AMR) Trading Up 3.8% – Still a Buy?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) rose 3.8% during trading on Tuesday . The company traded as high as $134.99 and last traded at $134.35. Approximately 94,470 shares changed hands during mid-day trading, a decline of 67% from the average daily volume of 282,860 shares. The stock had previously closed at $129.45.

Alpha Metallurgical Resources Stock Performance

The business’s fifty day moving average price is $160.33 and its two-hundred day moving average price is $197.97. The stock has a market capitalization of $1.73 billion, a P/E ratio of 4.85 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing the consensus estimate 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 business had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same period in the previous year, the business posted $12.88 earnings per share. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. As a group, analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Institutional Trading of Alpha Metallurgical Resources

Large investors have recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter worth approximately $40,000. FNY Investment Advisers LLC bought a new position in shares of Alpha Metallurgical Resources in the 4th quarter valued at about $50,000. PNC Financial Services Group Inc. raised its position in shares of Alpha Metallurgical Resources by 127.6% during 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 acquired a new position in shares of Alpha Metallurgical Resources during the 4th quarter worth about $60,000. Finally, GAMMA Investing LLC raised its position in shares of Alpha Metallurgical Resources by 127.7% in the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after purchasing an additional 175 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.