Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) posted its earnings results on Friday. The energy company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates of ($1.06) by ($1.54), Zacks reports. Alpha Metallurgical Resources had a net margin of 11.08% and a return on equity of 22.65%. The firm had revenue of $531.96 million for the quarter, compared to the consensus estimate of $586.15 million. During the same quarter in the prior year, the company posted $9.59 earnings per share. The firm’s revenue was down 38.4% compared to the same quarter last year.
Alpha Metallurgical Resources Stock Down 8.7 %
Shares of AMR opened at $113.13 on Friday. The business has a fifty day moving average of $124.35 and a 200 day moving average of $175.58. The company has a market cap of $1.48 billion, a PE ratio of 4.15 and a beta of 0.72. Alpha Metallurgical Resources has a 52-week low of $100.00 and a 52-week high of $334.72.
Analyst Ratings Changes
Separately, B. Riley reduced their target price on shares of Alpha Metallurgical Resources from $272.00 to $183.00 and set a “buy” rating on the stock in a report on Friday, April 11th.
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.
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