Alpha Metallurgical Resources (AMR) Expected to Announce Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR) is projected to announce its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of $1.12 per share and revenue of $658.20 million for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Alpha Metallurgical Resources Trading Down 0.9 %

Shares of AMR opened at $161.03 on Friday. The firm has a market cap of $2.10 billion, a P/E ratio of 5.91 and a beta of 1.43. The stock’s 50 day moving average is $190.87 and its two-hundred day moving average is $214.80. Alpha Metallurgical Resources has a 12 month low of $158.78 and a 12 month high of $452.00.

Insider Buying and Selling at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $228.73, for a total transaction of $2,429,341.33. Following the transaction, the director now directly owns 603,342 shares in the company, valued at approximately $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 SEC, which is accessible through this link. Insiders own 15.00% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark restated a “hold” rating on shares of Alpha Metallurgical Resources in a report on Monday, November 4th.

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.