Q1 2024 EPS Estimates for Alpha Metallurgical Resources, Inc. Raised by B. Riley (NYSE:AMR)

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Research analysts at B. Riley upped their Q1 2024 EPS estimates for Alpha Metallurgical Resources in a research report issued on Monday, April 15th. B. Riley analyst L. Pipes now forecasts that the energy company will post earnings per share of $9.61 for the quarter, up from their prior forecast of $8.58. B. Riley currently has a “Buy” rating and a $374.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $29.82 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q2 2024 earnings at $2.77 EPS, Q3 2024 earnings at $8.80 EPS, Q4 2024 earnings at $8.65 EPS and FY2024 earnings at $29.82 EPS.

Alpha Metallurgical Resources Stock Down 1.4 %

NYSE AMR opened at $337.45 on Wednesday. Alpha Metallurgical Resources has a 12-month low of $132.72 and a 12-month high of $452.00. The company has a market capitalization of $4.39 billion, a PE ratio of 6.93 and a beta of 1.35. The firm’s 50 day moving average is $347.89 and its 200-day moving average is $316.19.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. During the same period last year, the company earned $13.37 earnings per share. The firm’s revenue was up 16.6% compared to the same quarter last year.

Hedge Funds Weigh In On Alpha Metallurgical Resources

A number of institutional investors have recently added to or reduced their stakes in AMR. Captrust Financial Advisors increased its holdings in shares of Alpha Metallurgical Resources by 344.0% in the first quarter. Captrust Financial Advisors now owns 222 shares of the energy company’s stock valued at $29,000 after purchasing an additional 172 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of Alpha Metallurgical Resources in the second quarter valued at $32,000. GAMMA Investing LLC acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $33,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $34,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Alpha Metallurgical Resources in the fourth quarter valued at $35,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director David J. Stetson sold 30,694 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the sale, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Roger Lee Nicholson sold 6,629 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the transaction, the chief accounting officer now directly owns 10,720 shares in the company, valued at $3,963,291.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David J. Stetson sold 30,694 shares of the business’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 owns 26,054 shares in the company, valued at $10,220,984.20. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 over the last ninety days. Insiders own 15.00% of the company’s stock.

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.