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

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

Alpha Metallurgical Resources Stock Down 0.8 %

Shares of AMR traded down $2.07 during midday trading on Wednesday, reaching $248.96. 42,353 shares of the stock were exchanged, compared to its average volume of 219,171. Alpha Metallurgical Resources has a twelve month low of $176.50 and a twelve month high of $452.00. The company has a market cap of $3.24 billion, a P/E ratio of 6.07 and a beta of 1.36. The stock’s 50 day simple moving average is $300.94 and its 200 day simple moving average is $328.75.

Analyst Ratings Changes

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

Insider Transactions at Alpha Metallurgical Resources

In other news, CAO Roger Lee Nicholson sold 3,593 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 14th. The stock was 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 of the company’s stock, valued at $1,777,810.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 15.00% of the company’s stock.

About Alpha Metallurgical Resources

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.