Alpha Metallurgical Resources (NYSE:AMR) Shares Up 3.8% – Should You Buy?

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

Alpha Metallurgical Resources Price Performance

The stock has a market cap of $1.73 billion, a PE ratio of 4.85 and a beta of 1.50. The firm’s 50 day moving average price is $160.33 and its two-hundred day moving average price is $197.97.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Friday, February 28th. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09). The firm had revenue of $617.30 million for the quarter, compared to analysts’ expectations 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 was down 35.7% compared to the same quarter last year. During the same quarter last year, the company posted $12.88 EPS. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC purchased a new position in Alpha Metallurgical Resources in the fourth quarter valued at about $40,000. FNY Investment Advisers LLC bought a new position in Alpha Metallurgical Resources in the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. lifted its holdings in Alpha Metallurgical Resources by 127.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock valued at $58,000 after acquiring an additional 162 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Alpha Metallurgical Resources during the 4th quarter worth approximately $60,000. Finally, GAMMA Investing LLC raised its holdings in shares of Alpha Metallurgical Resources by 127.7% during the fourth quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock worth $62,000 after acquiring an additional 175 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.