Alpha Metallurgical Resources (AMR) Projected to Post Quarterly Earnings on Friday

Alpha Metallurgical Resources (NYSE:AMR) is expected to be announcing its earnings results before the market opens on Friday, February 28th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $658.20 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Alpha Metallurgical Resources Trading Down 4.0 %

Shares of Alpha Metallurgical Resources stock opened at $150.39 on Wednesday. The company has a fifty day moving average price of $188.14 and a 200 day moving average price of $212.89. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 5.52 and a beta of 1.43. Alpha Metallurgical Resources has a twelve month low of $148.09 and a twelve month high of $452.00.

Insider Transactions at Alpha Metallurgical Resources

In other news, Director Kenneth S. Courtis sold 10,621 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $228.73, for a total value of $2,429,341.33. Following the sale, the director now owns 603,342 shares in the company, valued at approximately $138,002,415.66. This represents a 1.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 16.40% of the company’s stock.

Analyst Upgrades and Downgrades

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