AMR Stock Recent News

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

If you are looking for stocks that are well positioned to maintain their recent uptrend, Alpha Metallurgical (AMR) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

Alpha Metallurgical Resources is a leading coking coal producer, benefiting from rising global steel demand, particularly in emerging markets like India. The company has undergone a significant corporate transformation and has a strong operational portfolio, allowing it to be heavily export-focused. AMR has been aggressive in its share buybacks, supporting long-term per-share value and driving its stock price rally.

Does Alpha Metallurgical (AMR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Energy is a highly cyclical industry, meaning efficient portfolio management dictates frequent sector rebalancing within an alpha-seeking investor's asset mix. Although energy companies have delivered stellar results in recent years, global supply and demand factors are smoothing out.

AMR, PNGAY and RM have been added to the Zacks Rank #5 (Strong Sell) List on November 28, 2023.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Alpha Metallurgical has 21 active mines, producing 16.1 million tons of met coal. It is responsible for 21% of the US total metallurgical coal production. AMR has $296 million in cash and $10.5 million in total debt. On the other hand, the company's performance is excellent, with 52.2% ROE and 36.6% ROTC. AMR is cheaper than ARCH and HCC using EV/EBITDA and EV/Sales. The company`s shares are cheaper than the average multiples for the US energy stocks and the US broad market.

Alpha Metallurgical's (AMR) third quarter 2023 results are expected to reflect weaker-than-expected shipments and lower realized pricing.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.