Alpha Metallurgical Resources (NYSE:AMR) Trading Down 4% – Time to Sell?

Alpha Metallurgical Resources, Inc. (NYSE:AMR) traded down 4% on Wednesday . The company traded as low as $123.42 and last traded at $123.02. 33,382 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 277,767 shares. The stock had previously closed at $128.15.

Alpha Metallurgical Resources Stock Performance

The firm has a 50-day moving average of $155.15 and a 200-day moving average of $196.02. The firm has a market capitalization of $1.63 billion, a P/E ratio of 4.57 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $658.20 million. During the same quarter in the prior year, the firm earned $12.88 earnings per share. The company’s revenue for the quarter was down 35.7% compared to the same quarter last year. On average, research analysts forecast that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AMR. Wellington Management Group LLP increased its stake in shares of Alpha Metallurgical Resources by 17.3% in the 4th quarter. Wellington Management Group LLP now owns 56,901 shares of the energy company’s stock worth $11,387,000 after purchasing an additional 8,386 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in Alpha Metallurgical Resources in the fourth quarter worth about $1,001,000. Public Employees Retirement System of Ohio bought a new stake in Alpha Metallurgical Resources during the 4th quarter worth approximately $60,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Alpha Metallurgical Resources by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 20,548 shares of the energy company’s stock worth $4,112,000 after purchasing an additional 4,249 shares in the last quarter. Finally, Wexford Capital LP bought a new stake in shares of Alpha Metallurgical Resources during the 4th quarter valued at $1,981,000. 84.29% of the stock is currently 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.