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

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

Alpha Metallurgical Resources Price Performance

Shares of Alpha Metallurgical Resources stock opened at $250.53 on Wednesday. The firm’s fifty day simple moving average is $300.94 and its 200-day simple moving average is $328.75. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 6.07 and a beta of 1.36. Alpha Metallurgical Resources has a 12 month low of $172.81 and a 12 month high of $452.00.

Insider Activity

In other news, CAO Roger Lee Nicholson sold 3,593 shares of Alpha Metallurgical Resources stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $290.16, for a total value of $1,042,544.88. Following the transaction, the chief accounting officer now directly owns 6,127 shares of the company’s stock, valued at approximately $1,777,810.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 15.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMR shares. Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday. B. Riley raised their price objective on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday, May 7th.

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.