Alpha Metallurgical Resources (NYSE:AMR) Issues Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Alpha Metallurgical Resources (NYSE:AMR) announced its quarterly earnings results on Monday. The energy company reported $4.49 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.03, Briefing.com reports. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The business had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. During the same quarter last year, the firm earned $12.16 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year.

Alpha Metallurgical Resources Stock Up 0.1 %

Alpha Metallurgical Resources stock opened at $250.53 on Wednesday. Alpha Metallurgical Resources has a 52 week low of $172.81 and a 52 week high of $452.00. The company’s 50 day moving average price is $300.94 and its two-hundred day moving average price is $328.75. The stock has a market cap of $3.26 billion, a P/E ratio of 6.07 and a beta of 1.36.

Analyst Upgrades and Downgrades

AMR has been the topic of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday. B. Riley lifted their target price on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.

Insider Transactions at Alpha Metallurgical Resources

In other news, CAO Roger Lee Nicholson sold 3,593 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total transaction of $1,042,544.88. Following the completion of the sale, the chief accounting officer now owns 6,127 shares in the company, valued at approximately $1,777,810.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 15.00% of the stock is currently owned by company insiders.

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.