Alpha Metallurgical Resources (NYSE:AMR) Hits New 1-Year Low – Should You Sell?

Shares of Alpha Metallurgical Resources, Inc. (NYSE:AMR) hit a new 52-week low on Tuesday . The stock traded as low as $123.57 and last traded at $126.97, with a volume of 55336 shares changing hands. The stock had previously closed at $126.74.

Alpha Metallurgical Resources Stock Down 2.7 %

The company’s 50-day moving average is $166.38 and its 200 day moving average is $200.98. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 4.64 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last posted its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The business’s revenue for the quarter was down 35.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $12.88 earnings per share. Analysts predict that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in Alpha Metallurgical Resources in the fourth quarter valued at $40,000. FNY Investment Advisers LLC acquired a new position in Alpha Metallurgical Resources during the fourth quarter worth $50,000. PNC Financial Services Group Inc. boosted its holdings in Alpha Metallurgical Resources by 127.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 289 shares of the energy company’s stock worth $58,000 after buying an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Alpha Metallurgical Resources in the fourth quarter valued at $60,000. Finally, GAMMA Investing LLC grew its stake in Alpha Metallurgical Resources by 127.7% in the 4th quarter. GAMMA Investing LLC now owns 312 shares of the energy company’s stock valued at $62,000 after acquiring an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.