B. Riley Research Analysts Cut Earnings Estimates for AMR

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Analysts at B. Riley dropped their FY2024 EPS estimates for Alpha Metallurgical Resources in a report released on Thursday, January 30th. B. Riley analyst N. Giles now forecasts that the energy company will post earnings of $14.31 per share for the year, down from their previous estimate of $16.87. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $16.87 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 restated a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Monday, November 4th.

Alpha Metallurgical Resources Trading Down 2.0 %

Shares of AMR opened at $183.22 on Monday. The stock has a 50 day moving average of $208.44 and a 200 day moving average of $225.35. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.72 and a beta of 1.48. Alpha Metallurgical Resources has a 12 month low of $173.55 and a 12 month high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last announced its earnings results on Friday, November 1st. The energy company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($1.31). The business had revenue of $671.90 million during the quarter, compared to analysts’ expectations of $672.95 million. Alpha Metallurgical Resources had a return on equity of 22.65% and a net margin of 11.08%. Alpha Metallurgical Resources’s quarterly revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.65 EPS.

Insider Buying and Selling at Alpha Metallurgical Resources

In related news, Director Kenneth S. Courtis sold 10,621 shares of Alpha Metallurgical Resources stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $228.73, for a total value of $2,429,341.33. Following the completion of the sale, the director now owns 603,342 shares of the company’s stock, valued at approximately $138,002,415.66. This trade represents a 1.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On Alpha Metallurgical Resources

Several large investors have recently modified their holdings of AMR. Barclays PLC lifted its stake in shares of Alpha Metallurgical Resources by 309.2% during the 3rd quarter. Barclays PLC now owns 18,646 shares of the energy company’s stock valued at $4,402,000 after buying an additional 14,089 shares in the last quarter. Stratos Wealth Advisors LLC lifted its position in shares of Alpha Metallurgical Resources by 50.3% during the third quarter. Stratos Wealth Advisors LLC now owns 9,878 shares of the energy company’s stock worth $2,333,000 after acquiring an additional 3,305 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Alpha Metallurgical Resources by 22.4% in the third quarter. Victory Capital Management Inc. now owns 15,441 shares of the energy company’s stock worth $3,647,000 after acquiring an additional 2,823 shares during the period. Impala Asset Management LLC purchased a new position in shares of Alpha Metallurgical Resources in the third quarter valued at $1,181,000. Finally, HighTower Advisors LLC bought a new stake in shares of Alpha Metallurgical Resources during the 3rd quarter valued at $640,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About Alpha Metallurgical Resources

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.