Alpha Metallurgical Resources $AMR Price Target Hike On Symmetrical Triangle Breakout

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On August 15, 2022, Alpha Metallurgical Resources $AMR stock confirmed a Symmetrical Triangle breakout after an analyst gave the stock a price target hike.

Alpha Metallurgical $AMR stock price target raised to $189 from $182 at B. Riley

On August 9, 2022, B. Riley analyst Lucas Pipes raised the firm’s price target on $AMR stock to $189 from $182 and kept a Buy rating on the shares. The Q2 beat was driven primarily by sales volumes of 4.3M tons, marking the third consecutive quarter of record-setting financial results for the company, Pipes tells investors in a research note.

Alpha Metallurgical price target lowered to $191 from $215 at Cowen

On August 9, 2022, Cowen analyst Lance Vitanza lowered the firm’s price target on Alpha Metallurgical to $191 from $215 and kept an Outperform rating on the shares. The analyst said 2Q performance was strong and met coal pricing while well off record levels, remains historically high, bolstering his outlook for significant FCF over the foreseeable future.

Alpha Metallurgical increases quarterly dividend to 39.2c from 37.5c per share

On August 8, 2022, Alpha Metallurgical declared a quarterly cash dividend payment of 39.2c per share, increased from the prior level of 37.5c per share, which will become payable on October 3, 2022, for holders of record as of September 15, 2022.

Alpha Metallurgical provides 2022 operational guidance

On August 8, 2022, Alpha Metallurgical updated its operations statement. “As a result of the European energy crisis caused by the Russian war, the thermal coal markets have shown significant volatility and increasing demand in recent months,” said COO Jason Whitehead. “We fulfilled some customer requests for incremental thermal tonnage in Q2, which has pushed our expected total thermal volumes over the established guidance ranges for the year. Therefore, we are adjusting our shipment guidance to accommodate for these unique circumstances. Additionally, as a result of increased incentive compensation due to performance against budgeted metrics, we are increasing our guidance for selling, general and administrative expenses for the year.” Alpha is increasing SG&A guidance to $55M-$59M, up from the prior range of $50M-$54M. The company is increasing its shipment guidance for thermal byproduct tonnage within the Met segment to a range of 1.0-1.4 million tons, up from prior guidance range of 0.8-1.2 million tons. This adjustment also slightly increases the total shipments guidance to a range of 15.6-17.2 million tons, up from the prior range of 15.4-17.0 million tons. As of July 22, Alpha has committed and priced approximately 69% of its metallurgical coal within the Met segment at an average price of $260.69 per ton and 100% of thermal coal in the Met segment at an average expected price of $89.91 per ton. In the All Other category, the company is 100% committed and priced at an average price of $83.38 per ton.

Alpha Reports Second Quarter 2022 Financial Results

On August 8, 2022, Alpha Metallurgical Resources, Inc. (NYSE: AMR), a leading U.S. supplier of metallurgical products for the steel industry, reported results for the second quarter ending June 30, 2022. Alpha Metallurgical reported Q2 EPS of $30.03 versus the consensus estimate of $30.80. The company reported Q2 revenue of $1.34B versus the consensus estimate of $1.24B.

“After meeting our stated goal of paying off the long-term debt, the Alpha team has posted yet another record quarter, with Adjusted EBITDA of nearly $700M,” said CEO David Stetson. “Eliminating the debt was a key goal of mine because I believed it would create a more stable company with the flexibility to weather the inevitable market volatility that this industry experiences…With these recent accomplishments, Alpha has entered a new and exciting chapter, and I believe the end of this calendar year is the right time to hand over the reins of the day-to-day leadership of the company to Andy Eidson…Andy and I have therefore worked together closely for many years. As I prepare for retirement, we will focus on a seamless transition. He is exceedingly well prepared to take on the CEO role. His vision for the company is an extension of what we have demonstrated over the last few years – financial discipline, excellence and reliability in all aspects of our work, and a firm commitment to creating and maintaining shareholder value. It has been my great honor to lead Alpha, and I look forward to continuing my involvement as executive chairman of the board of directors.”

Amr Sales Growth
Last 5 Quarters of Sales

Looking at the last year, AMR shows robust revenue growth. The revenue has grown by a stunning 195.36%.

The revenue has grown by 11.73% on average over the past five years. The Earnings Per Share have increased by an impressive 174.78% over the past year.

Quarterly revenue growth YoY is a shocking 238%.

Dark Pool Activity Detected In $AMR Stock

Guerilla Stock Trading detected dark pool activity in $AMR stock back on July 20, 2022.

Amr Dark Pool Activity

Make sure to review this lesson on dark pool trading so that you understand the chart above.

📈 Alpha Metallurgical $AMR Chart Technical Analysis

Alpha Metallurgical $AMR stock has recently done a Symmetrical Triangle breakout. The stock is in a technical uptrend. Long-term indicators support a continuation of the trend, but short-term indicators show that the stock is approaching overbought territory.

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