Alpha Metallurgical Resources (NYSE:AMR - Get Free Report) released its quarterly earnings data on Friday. The energy company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($1.31), Briefing.com reports. The company had revenue of $671.90 million during the quarter, compared to analyst estimates of $672.95 million. Alpha Metallurgical Resources had a net margin of 13.52% and a return on equity of 28.63%. The firm's quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.65 EPS.
Alpha Metallurgical Resources Price Performance
Shares of AMR stock traded down $5.70 on Friday, hitting $202.60. The company's stock had a trading volume of 279,291 shares, compared to its average volume of 219,647. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 6.03 and a beta of 1.30. Alpha Metallurgical Resources has a fifty-two week low of $185.00 and a fifty-two week high of $452.00. The firm's fifty day moving average price is $217.15 and its 200-day moving average price is $269.55.
Analyst Ratings Changes
A number of research firms have recently weighed in on AMR. Benchmark reaffirmed a "hold" rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th. B. Riley dropped their target price on Alpha Metallurgical Resources from $374.00 to $336.00 and set a "buy" rating on the stock in a research report on Friday, September 6th.
Read Our Latest Analysis on Alpha Metallurgical Resources
Alpha Metallurgical Resources Company Profile
(
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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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