Alpha Metallurgical Resources (NYSE:AMR) Sets New 1-Year Low – Here’s Why

Alpha Metallurgical Resources, Inc. (NYSE:AMR)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $123.57 and last traded at $126.97, with a volume of 55336 shares traded. The stock had previously closed at $126.74.

Alpha Metallurgical Resources Stock Up 0.0 %

The company’s 50-day simple moving average is $168.77 and its 200 day simple moving average is $202.27. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 4.65 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 the consensus estimate of ($0.07) by ($0.09). Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. During the same quarter last year, the company posted $12.88 EPS. The business’s revenue was down 35.7% compared to the same quarter last year. On average, equities analysts expect that Alpha Metallurgical Resources, Inc. will post 14.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted 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 acquiring an additional 73 shares during the period. Bank of Montreal Can boosted its stake in Alpha Metallurgical Resources by 6.0% during the 4th quarter. Bank of Montreal Can now owns 1,318 shares of the energy company’s stock valued at $264,000 after purchasing an additional 75 shares during the period. X Square Capital LLC grew its holdings in Alpha Metallurgical Resources by 2.9% in the 4th 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 grew its holdings in Alpha Metallurgical Resources by 0.5% in the 4th 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 lifted its holdings in shares of 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 worth $1,518,000 after buying an additional 159 shares during 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.