B. Riley Has Negative Forecast for AMR FY2024 Earnings

Alpha Metallurgical Resources, Inc. (NYSE:AMR - Free Report) - Equities research analysts at B. Riley lowered their FY2024 earnings estimates for Alpha Metallurgical Resources in a report released on Thursday, January 30th. B. Riley analyst N. Giles now expects that the energy company will post earnings per share of $14.31 for the year, down from their previous estimate of $16.87. The consensus estimate for Alpha Metallurgical Resources' current full-year earnings is $14.31 per share. B. Riley also issued estimates for Alpha Metallurgical Resources' Q4 2024 earnings at ($0.07) EPS, FY2025 earnings at $35.41 EPS and FY2026 earnings at $43.43 EPS.

Separately, Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a research report on Monday, November 4th.

Alpha Metallurgical Resources Stock Down 3.3 %

Shares of Alpha Metallurgical Resources stock traded down $6.19 during trading hours on Monday, hitting $179.36. The company's stock had a trading volume of 241,657 shares, compared to its average volume of 187,986. The business has a fifty day moving average of $204.52 and a 200 day moving average of $223.31. Alpha Metallurgical Resources has a 1-year low of $173.55 and a 1-year high of $452.00. The company has a market capitalization of $2.34 billion, a PE ratio of 6.58 and a beta of 1.43.

Insider Buying and Selling

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the completion of the sale, the director now directly owns 603,342 shares in the company, valued at $138,002,415.66. This trade represents a 1.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 16.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alpha Metallurgical Resources

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Alpha Metallurgical Resources by 124.6% during the 3rd quarter. GAMMA Investing LLC now owns 137 shares of the energy company's stock valued at $32,000 after buying an additional 76 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Alpha Metallurgical Resources during the 3rd quarter valued at $36,000. Sound Income Strategies LLC acquired a new position in Alpha Metallurgical Resources during the 3rd quarter worth $40,000. FNY Investment Advisers LLC bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth about $50,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of Alpha Metallurgical Resources in the 4th quarter worth about $82,000. Institutional investors and hedge funds 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.