Alpha Metallurgical Resources (NYSE:AMR) Releases Quarterly Earnings Results

Alpha Metallurgical Resources (NYSE:AMR) posted its quarterly earnings results on Monday. The energy company reported $9.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02), Briefing.com reports. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. During the same period in the prior year, the business 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 Trading Down 1.3 %

Shares of Alpha Metallurgical Resources stock opened at $300.49 on Thursday. The company has a fifty day simple moving average of $330.80 and a 200-day simple moving average of $325.23. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 6.17 and a beta of 1.38.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMR shares. Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Tuesday. B. Riley raised their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, insider Daniel E. Horn sold 100 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Daniel E. Horn sold 100 shares of the 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 sale, the insider now owns 6,462 shares in the company, valued at approximately $2,328,193.98. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David J. Stetson sold 30,694 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock worth $55,479,986 over the last 90 days. Corporate insiders own 16.40% 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.