Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) issued its earnings results on Monday. The energy company reported $4.49 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.03, Briefing.com reports. Alpha Metallurgical Resources had a net margin of 16.89% and a return on equity of 36.77%. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. During the same period in the prior year, the business earned $12.16 earnings per share. The company’s quarterly revenue was down 6.3% compared to the same quarter last year.
Alpha Metallurgical Resources Stock Performance
Shares of AMR opened at $250.49 on Tuesday. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 6.07 and a beta of 1.36. Alpha Metallurgical Resources has a one year low of $172.81 and a one year high of $452.00. The stock’s fifty day moving average is $302.07 and its 200-day moving average is $329.78.
Analyst Ratings Changes
Several research analysts have recently commented on the stock. Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday, May 7th. B. Riley boosted their price objective on shares of Alpha Metallurgical Resources from $374.00 to $375.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th.
Insider Activity
In related news, CAO Roger Lee Nicholson sold 3,593 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $290.16, for a total value of $1,042,544.88. Following the completion of the transaction, the chief accounting officer now owns 6,127 shares in the company, valued at approximately $1,777,810.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 15.00% of the company’s stock.
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.
See Also
- Five stocks we like better than Alpha Metallurgical Resources
- Dividend Capture Strategy: What You Need to Know
- Carvana Hits Record Milestones in Q2 With More to Come in 2024
- 3 Warren Buffett Stocks to Buy Now
- Why Intuitive Surgical Stock is Dominating the Medical Sector
- How is Compound Interest Calculated?
- Freshpet’s Impressive Q2 Sparks Optimism Despite Market Fears
Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter.