Alpha Metallurgical Resources (NYSE:AMR) Posts Earnings Results, Misses Estimates By $0.09 EPS

Alpha Metallurgical Resources (NYSE:AMR) announced its quarterly earnings results on Friday. The energy company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.09), Zacks reports. The business had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $658.20 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. The business’s revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the business earned $12.88 EPS.

Alpha Metallurgical Resources Trading Down 8.6 %

Shares of AMR stock traded down $12.82 during midday trading on Friday, reaching $135.74. 761,306 shares of the stock were exchanged, compared to its average volume of 233,982. Alpha Metallurgical Resources has a 1 year low of $131.57 and a 1 year high of $397.00. The firm has a market cap of $1.77 billion, a PE ratio of 4.99 and a beta of 1.43. The company’s 50 day moving average is $184.61 and its two-hundred day moving average is $211.25.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Insider Activity

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction on Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the transaction, the director now owns 603,342 shares in the company, valued at approximately $138,002,415.66. The trade was a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.40% 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.