Q2 2024 EPS Estimates for Alpha Metallurgical Resources, Inc. (NYSE:AMR) Boosted by B. Riley

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Stock analysts at B. Riley boosted their Q2 2024 earnings per share estimates for Alpha Metallurgical Resources in a research report issued to clients and investors on Tuesday, May 7th. B. Riley analyst L. Pipes now anticipates that the energy company will earn $3.97 per share for the quarter, up from their previous estimate of $2.77. B. Riley has a “Buy” rating and a $375.00 price target on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $29.82 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q3 2024 earnings at $7.80 EPS, Q4 2024 earnings at $7.56 EPS, Q1 2025 earnings at $9.08 EPS, Q2 2025 earnings at $9.44 EPS, Q3 2025 earnings at $9.56 EPS, Q4 2025 earnings at $9.43 EPS and Q1 2026 earnings at $9.68 EPS.

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research report on Tuesday.

Alpha Metallurgical Resources Trading Down 1.3 %

AMR stock opened at $300.49 on Thursday. The stock’s fifty day simple moving average is $330.80 and its two-hundred day simple moving average is $325.23. Alpha Metallurgical Resources has a 1-year low of $132.72 and a 1-year high of $452.00. The stock has a market cap of $3.91 billion, a P/E ratio of 6.17 and a beta of 1.38.

Alpha Metallurgical Resources (NYSE:AMR) last posted its quarterly earnings data on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The business had revenue of $864.07 million during the quarter, compared to analysts’ expectations of $845.35 million. During the same period in the prior year, the firm posted $17.01 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis.

Insiders Place Their Bets

In other news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the transaction, the director now directly owns 638,234 shares in the company, valued at approximately $193,263,637.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alpha Metallurgical Resources news, Director Kenneth S. Courtis sold 22,802 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total value of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at approximately $193,263,637.54. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel E. Horn sold 100 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $360.29, for a total value of $36,029.00. Following the completion of the sale, the insider now owns 6,462 shares of the company’s stock, valued at approximately $2,328,193.98. The disclosure for this sale can be found here. Insiders have sold 153,971 shares of company stock worth $55,479,986 in the last ninety days. 16.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Alpha Metallurgical Resources during the 4th quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $34,000. Quadrant Capital Group LLC bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $35,000. Creekmur Asset Management LLC bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth $36,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Alpha Metallurgical Resources by 947.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.