Alpha Metallurgical Resources (NYSE:AMR) Reaches New 1-Year Low – What’s Next?

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price hit a new 52-week low on Monday . The stock traded as low as $121.60 and last traded at $122.63, with a volume of 21931 shares trading hands. The stock had previously closed at $126.49.

Alpha Metallurgical Resources Price Performance

The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 4.54 and a beta of 1.50. The stock’s 50-day moving average is $157.87 and its 200 day moving average is $197.14.

Alpha Metallurgical Resources (NYSE:AMR) last posted 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 company had revenue of $617.30 million for the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the previous year, the business posted $12.88 earnings per share. Alpha Metallurgical Resources’s revenue was down 35.7% on a year-over-year basis. Analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current year.

Institutional Inflows and Outflows

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