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

Alpha Metallurgical Resources, Inc. (NYSE:AMR) shares hit a new 52-week low on Monday . The company 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 Up 2.4 %

The stock’s fifty day simple moving average is $164.11 and its two-hundred day simple moving average is $199.43. The firm 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 issued its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. During the same quarter last year, the company earned $12.88 EPS. On average, equities research analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. increased its holdings in Alpha Metallurgical Resources by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 1,150 shares of the energy company’s stock valued at $230,000 after buying an additional 73 shares during the last quarter. Bank of Montreal Can increased its holdings in Alpha Metallurgical Resources by 6.0% during the fourth quarter. Bank of Montreal Can now owns 1,318 shares of the energy company’s stock valued at $264,000 after buying an additional 75 shares during the last quarter. X Square Capital LLC increased its holdings in Alpha Metallurgical Resources by 2.9% during the fourth quarter. X Square Capital LLC now owns 3,005 shares of the energy company’s stock valued at $601,000 after buying an additional 84 shares during the last quarter. Swiss National Bank increased its holdings in Alpha Metallurgical Resources by 0.5% during the fourth quarter. Swiss National Bank now owns 21,700 shares of the energy company’s stock valued at $4,343,000 after buying an additional 100 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Alpha Metallurgical Resources by 2.1% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 7,586 shares of the energy company’s stock valued at $1,518,000 after buying an additional 159 shares during the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.