Alpha Metallurgical Resources (NYSE:AMR) Releases Earnings Results, Misses Expectations By $0.02 EPS

Alpha Metallurgical Resources (NYSE:AMR) announced its quarterly earnings data on Monday. The energy company reported $9.59 earnings per share for the quarter, missing analysts’ consensus estimates of $9.61 by ($0.02), Briefing.com reports. The firm had revenue of $864.07 million during the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. Alpha Metallurgical Resources’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $17.01 earnings per share.

Alpha Metallurgical Resources Price Performance

NYSE AMR opened at $304.61 on Wednesday. The business has a 50 day moving average price of $332.04 and a 200 day moving average price of $325.40. The company has a market capitalization of $3.96 billion, a P/E ratio of 6.25 and a beta of 1.38. Alpha Metallurgical Resources has a 1-year low of $132.72 and a 1-year high of $452.00.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $302.81, for a total value of $6,904,673.62. Following the sale, the director now directly owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Kenneth S. Courtis sold 22,802 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the transaction, the director now directly owns 638,234 shares of the company’s stock, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total value of $2,450,807.59. Following the sale, the chief accounting officer now directly owns 10,720 shares in the company, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 153,971 shares of company stock valued at $55,479,986. Insiders own 16.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AMR has been the topic of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday. B. Riley increased their price target on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday.

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.