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

Alpha Metallurgical Resources (NYSE:AMR) announced its earnings results on Monday. The energy company reported $9.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.58 by $1.01, Briefing.com reports. The business had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period last year, the firm posted $17.01 earnings per share.

Alpha Metallurgical Resources Stock Down 10.9 %

AMR stock opened at $296.40 on Tuesday. Alpha Metallurgical Resources has a twelve month low of $132.72 and a twelve month high of $452.00. The stock has a market cap of $3.86 billion, a P/E ratio of 6.09 and a beta of 1.38. The business’s 50-day moving average price is $334.71 and its 200-day moving average price is $324.80.

Insider Activity

In other news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. In related news, insider Daniel E. Horn sold 100 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total transaction of $36,029.00. Following the sale, the insider now owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 approximately $10,220,984.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock valued at $55,479,986 in the last ninety days. Corporate insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their target price on Alpha Metallurgical Resources from $381.00 to $374.00 and set a “buy” rating on the stock in a research report on Monday, April 15th.

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.