Q1 2024 EPS Estimates for Alpha Metallurgical Resources, Inc. Raised by B. Riley (NYSE:AMR)

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Research analysts at B. Riley increased their Q1 2024 earnings estimates for shares of Alpha Metallurgical Resources in a note issued to investors on Monday, April 15th. B. Riley analyst L. Pipes now expects that the energy company will earn $9.61 per share for the quarter, up from their prior estimate of $8.58. B. Riley has a “Buy” rating and a $374.00 price objective 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’ Q2 2024 earnings at $2.77 EPS, Q3 2024 earnings at $8.80 EPS, Q4 2024 earnings at $8.65 EPS and FY2024 earnings at $29.82 EPS.

Alpha Metallurgical Resources Stock Down 1.4 %

Alpha Metallurgical Resources stock opened at $337.45 on Wednesday. Alpha Metallurgical Resources has a twelve month low of $132.72 and a twelve month high of $452.00. The firm has a 50 day moving average price of $347.89 and a 200-day moving average price of $316.19. The company has a market capitalization of $4.39 billion, a P/E ratio of 6.93 and a beta of 1.35.

Alpha Metallurgical Resources (NYSE:AMR) last issued its quarterly earnings data on Monday, February 26th. The energy company reported $12.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.78 by $4.10. Alpha Metallurgical Resources had a net margin of 20.80% and a return on equity of 46.22%. The business had revenue of $959.90 million during the quarter, compared to the consensus estimate of $796.65 million. During the same period in the prior year, the firm posted $13.37 EPS. The firm’s quarterly revenue was up 16.6% compared to the same quarter last year.

Insider Activity

In other news, Director David J. Stetson sold 30,694 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director David J. Stetson sold 30,694 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the transaction, the director now directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Charles Andrew Eidson sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $363.06, for a total transaction of $10,891,800.00. Following the sale, the chief executive officer now owns 50,025 shares in the company, valued at $18,162,076.50. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock valued at $55,479,986 in the last three months. Company insiders own 15.00% of the company’s stock.

Institutional Trading of Alpha Metallurgical Resources

A number of institutional investors have recently modified their holdings of the business. Advisor Group Holdings Inc. lifted its stake in Alpha Metallurgical Resources by 16,462.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,325 shares of the energy company’s stock worth $174,000 after purchasing an additional 1,317 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Alpha Metallurgical Resources by 111.5% in the 1st quarter. JPMorgan Chase & Co. now owns 87,196 shares of the energy company’s stock worth $11,506,000 after purchasing an additional 45,975 shares in the last quarter. Sei Investments Co. purchased a new stake in Alpha Metallurgical Resources in the 1st quarter worth approximately $200,000. Ergoteles LLC purchased a new stake in Alpha Metallurgical Resources in the 1st quarter worth approximately $3,044,000. Finally, XTX Topco Ltd purchased a new stake in Alpha Metallurgical Resources in the 1st quarter worth approximately $255,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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.