Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) announced its quarterly earnings results on Monday. The energy company reported $9.59 EPS for the quarter, topping the consensus estimate of $8.58 by $1.01, Briefing.com reports. The business had revenue of $864.07 million for the quarter, compared to analyst estimates of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. The company’s quarterly revenue was down 5.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $17.01 EPS.
Alpha Metallurgical Resources Stock Down 10.9 %
Shares of Alpha Metallurgical Resources stock opened at $296.40 on Tuesday. Alpha Metallurgical Resources has a fifty-two week low of $132.72 and a fifty-two week high of $452.00. The firm has a market cap of $3.86 billion, a PE ratio of 6.09 and a beta of 1.38. The business’s fifty day moving average is $334.71 and its two-hundred day moving average is $324.80.
Insiders Place Their Bets
In other news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $392.30, for a total transaction of $12,041,256.20. Following the completion of the sale, the director now directly owns 26,054 shares in the company, valued at approximately $10,220,984.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Charles Andrew Eidson sold 30,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $363.06, for a total value of $10,891,800.00. Following the completion of the sale, the chief executive officer now directly owns 50,025 shares in the company, valued at approximately $18,162,076.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director David J. Stetson sold 30,694 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $392.30, for a total value of $12,041,256.20. Following the completion of the sale, the director now owns 26,054 shares of the company’s stock, valued at $10,220,984.20. The disclosure for this sale can be found here. Insiders have sold a total of 153,971 shares of company stock valued at $55,479,986 in the last quarter. 16.40% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on AMR
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.
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