Alpha Metallurgical Resources (NYSE:AMR) Posts Earnings Results, Misses Expectations By $0.09 EPS

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

Alpha Metallurgical Resources Stock Down 7.7 %

Shares of Alpha Metallurgical Resources stock opened at $137.18 on Friday. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 5.03 and a beta of 1.43. The company’s 50 day moving average is $183.33 and its 200 day moving average is $210.14. Alpha Metallurgical Resources has a twelve month low of $131.57 and a twelve month high of $397.00.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the transaction, the director now owns 603,342 shares in the company, valued at $138,002,415.66. This 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 the SEC website. 15.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.