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

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

Alpha Metallurgical Resources Trading Down 2.1 %

Shares of NYSE AMR traded down $4.38 during trading hours on Friday, reaching $203.92. The stock had a trading volume of 174,295 shares, compared to its average volume of 219,148. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 5.95 and a beta of 1.30. The business’s fifty day moving average price is $217.15 and its two-hundred day moving average price is $269.55. Alpha Metallurgical Resources has a 52-week low of $185.00 and a 52-week high of $452.00.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AMR. B. Riley reduced their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.

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.