Alpha Metallurgical Resources (NYSE:AMR) Issues Earnings Results

Alpha Metallurgical Resources (NYSE:AMR) posted its quarterly earnings data on Friday. The energy company reported ($0.16) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.09), Zacks reports. The firm had revenue of $617.30 million during the quarter, compared to analyst estimates of $658.20 million. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. Alpha Metallurgical Resources’s revenue was down 35.7% compared to the same quarter last year. During the same period in the previous year, the company posted $12.88 earnings per share.

Alpha Metallurgical Resources Stock Performance

Alpha Metallurgical Resources stock traded down $16.24 during trading hours on Friday, reaching $132.32. 573,918 shares of the stock were exchanged, compared to its average volume of 210,384. The stock has a market cap of $1.72 billion, a P/E ratio of 4.85 and a beta of 1.43. The firm’s 50 day moving average is $184.61 and its 200 day moving average is $211.25. Alpha Metallurgical Resources has a 52-week low of $131.84 and a 52-week high of $397.00.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares in the company, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 16.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Benchmark reiterated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

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.