Alpha Metallurgical Resources (NYSE:AMR) Issues Quarterly Earnings Results, Misses Expectations By $1.31 EPS

Alpha Metallurgical Resources (NYSE:AMR) released its quarterly earnings data on Friday. The energy company reported $0.29 EPS for the quarter, missing the consensus estimate of $1.60 by ($1.31), Briefing.com reports. The company had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The company’s revenue for the quarter was down 9.4% compared to the same quarter last year. During the same period last year, the business earned $6.65 earnings per share.

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded down $2.22 during midday trading on Friday, hitting $206.08. 207,116 shares of the stock were exchanged, compared to its average volume of 219,303. Alpha Metallurgical Resources has a 1 year low of $185.00 and a 1 year high of $452.00. The firm has a market cap of $2.68 billion, a P/E ratio of 5.95 and a beta of 1.30. The company has a 50 day moving average price of $217.15 and a two-hundred day moving average price of $269.55.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMR. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th. B. Riley decreased their price target on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating for the company in a report on Friday, September 6th.

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.