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

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

Alpha Metallurgical Resources Stock Performance

AMR traded down $4.23 during trading on Thursday, reaching $296.26. 61,879 shares of the company traded hands, compared to its average volume of 238,755. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00. The firm has a fifty day simple moving average of $330.80 and a 200 day simple moving average of $325.23. The company has a market cap of $3.85 billion, a P/E ratio of 6.17 and a beta of 1.38.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMR shares. B. Riley increased their target price on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday.

Insider Buying and Selling at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, insider Daniel E. Horn sold 100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the sale, the insider now directly owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Kenneth S. Courtis sold 22,802 shares of the firm’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 transaction, the director now directly owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Daniel E. Horn sold 100 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $360.29, for a total transaction of $36,029.00. Following the completion of the transaction, the insider now directly owns 6,462 shares of the company’s stock, valued at $2,328,193.98. The disclosure for this sale can be found here. Insiders sold a total of 153,971 shares of company stock valued at $55,479,986 in the last three months. 16.40% of the stock is currently owned by corporate 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.