Alpha Metallurgical Resources (AMR) Projected to Post Quarterly Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR) is expected to post its quarterly earnings results before the market opens on Friday, February 28th. Analysts expect Alpha Metallurgical Resources to post earnings of ($0.07) per share and revenue of $658.20 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Alpha Metallurgical Resources Stock Down 1.2 %

Shares of AMR opened at $148.95 on Thursday. The business’s 50-day moving average price is $186.92 and its 200-day moving average price is $212.13. The stock has a market cap of $1.94 billion, a PE ratio of 5.47 and a beta of 1.43. Alpha Metallurgical Resources has a twelve month low of $146.85 and a twelve month high of $452.00.

Insiders Place Their Bets

In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the transaction, the director now directly owns 603,342 shares in the company, valued at $138,002,415.66. This represents a 1.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 16.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Benchmark reissued 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.