B. Riley Lowers Alpha Metallurgical Resources (NYSE:AMR) Price Target to $183.00

Alpha Metallurgical Resources (NYSE:AMR) had its price target reduced by B. Riley from $272.00 to $183.00 in a report released on Friday,Benzinga reports. B. Riley currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for Alpha Metallurgical Resources’ FY2026 earnings at $41.59 EPS and FY2027 earnings at $40.82 EPS.

Alpha Metallurgical Resources Stock Performance

Shares of NYSE:AMR opened at $118.43 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 4.35 and a beta of 1.08. The firm’s 50 day simple moving average is $140.35 and its 200-day simple moving average is $189.08. Alpha Metallurgical Resources has a one year low of $100.00 and a one year high of $361.17.

Alpha Metallurgical Resources (NYSE:AMR) last issued its earnings results on Friday, February 28th. The energy company reported ($0.16) earnings per share 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 firm had revenue of $617.30 million for the quarter, compared to the consensus estimate of $658.20 million. During the same period last year, the firm earned $12.88 earnings per share. The company’s revenue for the quarter was down 35.7% on a year-over-year basis. Equities research analysts predict that Alpha Metallurgical Resources will post 14.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dalal Street LLC raised its stake in Alpha Metallurgical Resources by 1.6% in the fourth quarter. Dalal Street LLC now owns 487,251 shares of the energy company’s stock worth $97,509,000 after buying an additional 7,553 shares in the last quarter. Empowered Funds LLC raised its position in shares of Alpha Metallurgical Resources by 69.7% in the 4th quarter. Empowered Funds LLC now owns 12,139 shares of the energy company’s stock worth $2,429,000 after acquiring an additional 4,985 shares in the last quarter. Ruffer LLP purchased a new stake in shares of Alpha Metallurgical Resources during the 4th quarter worth $4,100,000. Barclays PLC lifted its stake in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock worth $4,402,000 after purchasing an additional 14,089 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in Alpha Metallurgical Resources during the fourth quarter valued at about $3,564,000. 84.29% of the stock is currently owned by institutional investors.

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.