Alpha Metallurgical Resources Director Kenneth S. Courtis Sells Shares

On December 13th, Kenneth S. Courtis, a director at Alpha Metallurgical Resources, Inc. (NYSE:AMR), sold 10,621 shares of the company's stock. The shares were sold at an average price of $228.73, amounting to a total sale value of $2,429,341.33. After the sale, Kenneth S. Courtis owns 603,342 shares in the company, which are currently valued at around $138,002,415.66. This sale marks a 1.73% decrease in his ownership stake. The details of this transaction were disclosed in a regulatory filing with the Securities and Exchange Commission (SEC), available for public access.

Alpha Metallurgical Resources Stock Performance

As of Wednesday, the stock opened at $211.41. Alpha Metallurgical Resources holds a market capitalization of $2.75 billion, with a price-to-earnings (P/E) ratio of 7.76 and a beta of 1.46. The company also has a 50-day simple moving average of $227.78 and a 200-day simple moving average of $250.67. Over the past year, the stock's price has ranged from a low of $185.00 to a high of $452.00.

Recently, on November 1st, Alpha Metallurgical Resources announced its quarterly earnings. The energy company reported earnings per share (EPS) of $0.29, falling short of analysts' expectations of $1.60 by $1.31. The company reported revenue of $671.90 million for the quarter, slightly below the projected $672.95 million. The company's return on equity was recorded at 22.65%, and it registered a net margin of 11.08%. Revenue for the quarter decreased by 9.4% year-over-year compared to the same period last year when the company reported an EPS of $6.65. Analysts anticipate that Alpha Metallurgical Resources will report an EPS of 16.87 for the current fiscal year.

Recent Analyst Ratings

Alpha Metallurgical Resources has attracted attention from various analysts recently. On September 6th, B. Riley revised their price target on the company's shares from $374.00 to $336.00 while maintaining a "buy" rating. Additionally, Benchmark reaffirmed a "hold" rating for the stock on November 4th.

Institutional Investors' Involvement

In recent months, several institutional investors have increased their positions in Alpha Metallurgical Resources. Federated Hermes Inc. established a new position valued at about $25,000 during the second quarter. In the third quarter, GAMMA Investing LLC raised its stake by 124.6%, now holding 137 shares valued at approximately $32,000. Harbor Capital Advisors Inc. and Sound Income Strategies LLC also made new investments valued at around $36,000 and $40,000, respectively. Overall, institutional investors and hedge funds comprise 84.29% of the ownership in Alpha Metallurgical Resources.

Company Overview

Alpha Metallurgical Resources, Inc. is primarily engaged in the production, processing, and sales of metallurgical and thermal coal in Virginia and West Virginia. The company operates twenty-two active mines and nine coal preparation and load-out facilities. Originally known as Contura Energy, Inc., the company rebranded to its current name in February 2021.

Additional Resources

• Explore Stock Comparisons
• Learn About Financial Planning Tools
• Discover More on Market Trends
• Insights into Energy Sector Investments
• Latest Updates on Company Earnings

Alpha, Metallurgical, Resources