B. Riley Research Analysts Lower Earnings Estimates for AMR

Alpha Metallurgical Resources, Inc. (NYSE:AMR) – B. Riley dropped their Q3 2024 EPS estimates for Alpha Metallurgical Resources in a report released on Tuesday, October 22nd. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $1.60 for the quarter, down from their prior forecast of $2.01. B. Riley currently has a “Buy” rating and a $336.00 price target on the stock. The consensus estimate for Alpha Metallurgical Resources’ current full-year earnings is $20.67 per share. B. Riley also issued estimates for Alpha Metallurgical Resources’ Q4 2024 earnings at $2.20 EPS.

Alpha Metallurgical Resources (NYSE:AMR) last released its earnings results on Monday, August 5th. The energy company reported $4.49 EPS for the quarter, beating the consensus estimate of $4.46 by $0.03. The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $733.05 million. Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period last year, the firm earned $12.16 EPS.

Separately, Benchmark reaffirmed a “hold” rating on shares of Alpha Metallurgical Resources in a research note on Wednesday, October 16th.

Alpha Metallurgical Resources Stock Up 1.3 %

Shares of AMR stock opened at $206.01 on Friday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 4.99 and a beta of 1.30. Alpha Metallurgical Resources has a 12 month low of $185.00 and a 12 month high of $452.00. The stock has a 50-day moving average price of $219.05 and a 200 day moving average price of $272.78.

Institutional Trading of Alpha Metallurgical Resources

Several institutional investors and hedge funds have recently made changes to their positions in AMR. Vanguard Group Inc. boosted its position in shares of Alpha Metallurgical Resources by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 1,213,584 shares of the energy company’s stock worth $411,308,000 after purchasing an additional 61,915 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Alpha Metallurgical Resources by 947.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 178 shares of the energy company’s stock worth $60,000 after buying an additional 161 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Alpha Metallurgical Resources by 70.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,848 shares of the energy company’s stock valued at $1,274,000 after acquiring an additional 1,596 shares during the last quarter. Measured Wealth Private Client Group LLC increased its stake in shares of Alpha Metallurgical Resources by 5.0% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 819 shares of the energy company’s stock valued at $271,000 after acquiring an additional 39 shares during the last quarter. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Alpha Metallurgical Resources in the 1st quarter valued at approximately $216,000. 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.