Q2 2024 Earnings Forecast for Alpha Metallurgical Resources, Inc. (NYSE:AMR) Issued By B. Riley

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – Research analysts at B. Riley lifted their Q2 2024 earnings estimates for shares of Alpha Metallurgical Resources in a research report issued on Tuesday, May 7th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $3.97 per share for the quarter, up from their previous estimate of $2.77. B. Riley currently has a “Buy” rating and a $375.00 target price on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $29.82 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q3 2024 earnings at $7.80 EPS, Q4 2024 earnings at $7.56 EPS, Q1 2025 earnings at $9.08 EPS, Q2 2025 earnings at $9.44 EPS, Q3 2025 earnings at $9.56 EPS, Q4 2025 earnings at $9.43 EPS and Q1 2026 earnings at $9.68 EPS.

Separately, Benchmark reissued a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Tuesday.

Alpha Metallurgical Resources Stock Performance

NYSE AMR opened at $300.49 on Thursday. The company has a 50-day simple moving average of $330.80 and a 200-day simple moving average of $325.23. The firm has a market capitalization of $3.91 billion, a PE ratio of 6.17 and a beta of 1.38. Alpha Metallurgical Resources has a one year low of $132.72 and a one year high of $452.00.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, May 6th. The energy company reported $9.59 earnings per share for the quarter, missing the consensus estimate of $9.61 by ($0.02). The company had revenue of $864.07 million during the quarter, compared to the consensus estimate of $845.35 million. Alpha Metallurgical Resources had a return on equity of 46.22% and a net margin of 20.80%. Alpha Metallurgical Resources’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm posted $17.01 EPS.

Institutional Trading of Alpha Metallurgical Resources

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $33,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $34,000. Quadrant Capital Group LLC acquired a new stake in shares of Alpha Metallurgical Resources during the fourth quarter valued at approximately $35,000. Creekmur Asset Management LLC purchased a new position in Alpha Metallurgical Resources during the fourth quarter valued at approximately $36,000. Finally, PNC Financial Services Group Inc. grew its position in Alpha Metallurgical Resources by 947.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock valued at $60,000 after purchasing an additional 161 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction that occurred 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 directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director David J. Stetson sold 30,694 shares of the company’s stock in a transaction that occurred 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 directly owns 26,054 shares of the company’s stock, valued at approximately $10,220,984.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth S. Courtis sold 22,802 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $302.81, for a total transaction of $6,904,673.62. Following the completion of the sale, the director now owns 638,234 shares in the company, valued at $193,263,637.54. The disclosure for this sale can be found here. Insiders sold 153,971 shares of company stock valued at $55,479,986 in the last ninety days. Company insiders own 16.40% 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.