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

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

Alpha Metallurgical Resources Trading Down 7.7 %

Shares of AMR opened at $137.18 on Friday. The business’s 50 day moving average is $183.33 and its 200 day moving average is $210.46. The company has a market capitalization of $1.79 billion, a PE ratio of 5.03 and a beta of 1.43. Alpha Metallurgical Resources has a 12-month low of $131.57 and a 12-month high of $397.00.

Insider Activity at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 15.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Benchmark reaffirmed 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.