Alpha Metallurgical Resources (NYSE:AMR – Get Free Report) released 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. The firm had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a return on equity of 36.77% and a net margin of 16.89%. The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $12.16 earnings per share.
Alpha Metallurgical Resources Stock Performance
AMR opened at $250.49 on Tuesday. Alpha Metallurgical Resources has a one year low of $172.81 and a one year high of $452.00. The stock has a market capitalization of $3.26 billion, a PE ratio of 6.07 and a beta of 1.36. The business’s 50 day moving average price is $302.07 and its 200 day moving average price is $329.78.
Insider Activity at Alpha Metallurgical Resources
In other Alpha Metallurgical Resources news, CAO Roger Lee Nicholson sold 3,593 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 6,127 shares of the company’s stock, valued at $1,777,810.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 15.00% of the stock is currently owned by insiders.
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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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