Alpha Metallurgical Resources (NYSE:AMR) Issues Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Alpha Metallurgical Resources (NYSE:AMR) posted its earnings results on Monday. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02), Briefing.com reports. The company had revenue of $864.07 million during the quarter, compared to the consensus estimate of $845.35 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $17.01 earnings per share.

Alpha Metallurgical Resources Trading Down 1.2 %

Shares of NYSE AMR opened at $296.80 on Thursday. The business has a fifty day simple moving average of $330.80 and a 200 day simple moving average of $325.23. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 6.17 and a beta of 1.38. Alpha Metallurgical Resources has a one year low of $132.72 and a one year high of $452.00.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kenneth S. Courtis sold 22,802 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Kenneth S. Courtis sold 15,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $318.95, for a total value of $4,784,250.00. Following the transaction, the director now owns 681,036 shares of the company’s stock, valued at approximately $217,216,432.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 153,971 shares of company stock worth $55,479,986. 16.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday. B. Riley lifted their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a report on Tuesday.

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.