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

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

Alpha Metallurgical Resources Price Performance

Alpha Metallurgical Resources stock traded down $12.82 during trading hours on Friday, reaching $135.74. The company had a trading volume of 761,306 shares, compared to its average volume of 233,982. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 4.99 and a beta of 1.43. Alpha Metallurgical Resources has a 12-month low of $131.57 and a 12-month high of $397.00. The company has a 50-day moving average price of $184.61 and a 200 day moving average price of $211.25.

Analysts Set New Price Targets

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

Insider Transactions at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at $138,002,415.66. This represents a 1.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company 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.