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

Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) released its quarterly earnings results 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 business had revenue of $864.07 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $17.01 EPS.

Alpha Metallurgical Resources Stock Up 2.7 %

NYSE:AMR traded up $7.97 on Tuesday, reaching $304.61. 219,124 shares of the company's stock were exchanged, compared to its average volume of 240,804. The business has a fifty day moving average of $334.71 and a 200-day moving average of $324.80. Alpha Metallurgical Resources has a 52-week low of $132.72 and a 52-week high of $452.00. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 6.23 and a beta of 1.38.

Insider Activity at Alpha Metallurgical Resources

In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 6,629 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now owns 10,720 shares in the company, valued at approximately $3,963,291.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director David J. Stetson sold 30,694 shares of the firm's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the transaction, the director now directly owns 26,054 shares in the company, valued at $10,220,984.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Roger Lee Nicholson sold 6,629 shares of the company's stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $369.71, for a total transaction of $2,450,807.59. Following the completion of the sale, the chief accounting officer now owns 10,720 shares of the company's stock, valued at approximately $3,963,291.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 153,971 shares of company stock worth $55,479,986. Corporate insiders own 16.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Benchmark reissued a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Tuesday. B. Riley boosted their price target on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the company 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.