Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - Research analysts at B. Riley upped their Q1 2024 earnings per share estimates for Alpha Metallurgical Resources in a research report issued to clients and investors on Monday, April 15th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $9.61 for the quarter, up from their previous 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 $37.30 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 (NYSE:AMR - Get Free Report) last posted its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 EPS for the quarter, topping the consensus estimate of $8.78 by $4.10. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The firm had revenue of $959.90 million for the quarter, compared to the consensus estimate of $796.65 million. During the same quarter last year, the company earned $13.37 earnings per share. The business's revenue for the quarter was up 16.6% compared to the same quarter last year.
Alpha Metallurgical Resources Stock Performance
Shares of NYSE AMR traded down $6.93 during trading on Wednesday, hitting $342.25. The company had a trading volume of 205,942 shares, compared to its average volume of 245,974. The stock has a 50 day simple moving average of $348.56 and a 200 day simple moving average of $316.05. Alpha Metallurgical Resources has a 12 month low of $132.72 and a 12 month high of $452.00. The firm has a market capitalization of $4.45 billion, a P/E ratio of 7.03 and a beta of 1.35.
Hedge Funds Weigh In On Alpha Metallurgical Resources
Several institutional investors have recently added to or reduced their stakes in AMR. GAMMA Investing LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $33,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $34,000. Quadrant Capital Group LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $35,000. Creekmur Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the 4th quarter worth approximately $36,000. Finally, Exchange Traded Concepts LLC purchased a new position in shares of Alpha Metallurgical Resources in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 84.29% of the company's stock.
Insider Activity at Alpha Metallurgical Resources
In related news, Director David J. Stetson sold 4,502 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $388.26, for a total transaction of $1,747,946.52. Following the sale, the director now owns 20,104 shares of the company's stock, valued at approximately $7,805,579.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David J. Stetson sold 4,502 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $388.26, for a total transaction of $1,747,946.52. Following the sale, the director now owns 20,104 shares of the company's stock, valued at approximately $7,805,579.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jason E. Whitehead sold 23,187 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $366.04, for a total value of $8,487,369.48. Following the sale, the chief operating officer now directly owns 25,384 shares in the company, valued at approximately $9,291,559.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 153,971 shares of company stock valued at $55,479,986. 16.40% of the stock is owned by company insiders.
About Alpha Metallurgical Resources
(
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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.
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