Alpha Metallurgical Resources (NYSE:AMR) Posts Earnings Results

Alpha Metallurgical Resources (NYSE:AMR) posted 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. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The company had revenue of $864.07 million for the quarter, compared to analysts’ expectations of $845.35 million. During the same period in the previous year, the firm earned $17.01 earnings per share. The firm’s quarterly revenue was down 5.2% on a year-over-year basis.

Alpha Metallurgical Resources Stock Performance

NYSE:AMR opened at $296.80 on Thursday. Alpha Metallurgical Resources has a fifty-two week low of $132.72 and a fifty-two week high of $452.00. The stock has a market capitalization of $3.86 billion, a PE ratio of 6.17 and a beta of 1.38. The company has a fifty day moving average of $330.80 and a two-hundred day moving average of $325.23.

Insider Transactions at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 22,802 shares of the company’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 completion of the sale, the director now owns 638,234 shares of the company’s stock, valued at $193,263,637.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 638,234 shares in the company, valued at $193,263,637.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Roger Lee Nicholson sold 6,629 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was 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 owns 10,720 shares in the company, valued at $3,963,291.20. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock valued at $55,479,986 over the last 90 days. 16.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMR. Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday. B. Riley lifted their target price on Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday.

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.