Alpha Metallurgical Resources (NYSE:AMR) Reaches New 12-Month Low – Here’s Why

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

Alpha Metallurgical Resources Stock Down 2.3 %

The firm’s 50 day simple moving average is $157.87 and its 200-day simple moving average is $197.14. The company has a market capitalization of $1.61 billion, a PE ratio of 4.54 and a beta of 1.50.

Alpha Metallurgical Resources (NYSE:AMR) last announced 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 net margin of 11.08% and a return on equity of 22.65%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. During the same quarter in the prior year, the company posted $12.88 earnings per share. The firm’s revenue for the quarter was down 35.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Alpha Metallurgical Resources, Inc. will post 14.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of institutional investors and hedge funds have recently bought and sold shares of AMR. Norges Bank purchased a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $26,332,000. Jacobs Levy Equity Management Inc. acquired a new position in Alpha Metallurgical Resources in the fourth quarter worth $6,958,000. American Century Companies Inc. increased its stake in Alpha Metallurgical Resources by 9.8% during the fourth quarter. American Century Companies Inc. now owns 359,006 shares of the energy company’s stock valued at $71,844,000 after purchasing an additional 32,027 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Alpha Metallurgical Resources by 1,706.0% during the fourth quarter. Nomura Holdings Inc. now owns 30,702 shares of the energy company’s stock worth $6,144,000 after purchasing an additional 29,002 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Alpha Metallurgical Resources by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,379 shares of the energy company’s stock worth $147,366,000 after buying an additional 28,225 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.