1 week Ago By ABMN Staff
Alpha Metallurgical Resources ( NYSE:AMR – Free Report ) had its price objective lowered by B. Riley from $374.00 to $336.
00 in a research report sent to investors on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the energy company’s stock.
Separately, Benchmark reiterated a hold rating on shares of Alpha Metallurgical Resources in a research report on Tuesday, August 6th. View Our Latest Analysis on Alpha Metallurgical Resources Alpha Metallurgical Resources Price Performance Alpha Metallurgical Resources ( NYSE:AMR – Get Free Report ) last issued its quarterly earnings results on Monday, August 5th. The energy company reported $4.
49 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.03.
Alpha Metallurgical Resources had a return on equity of 28.63% and a net margin of 13.52%.
The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $733.05 million.
During the same quarter last year, the company earned $12.16 earnings per share. The company’s quarterly revenue was down 6.
3% on a year-over-year basis. As a group, sell-side analysts expect that Alpha Metallurgical Resources will post 26.33 EPS for the current year.
Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC lifted its holdings 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 buying an additional 39 shares during the period. Creative Planning grew its position in shares of Alpha Metallurgical Resources by 2.9% in the second quarter.
Creative Planning now owns 1,529 shares of the energy company’s stock valued at $429,000 after purchasing an additional 43 shares during the period. Lindenwold Advisors INC grew its position in shares of Alpha Metallurgical Resources by 2.9% in the first quarter.
Lindenwold Advisors INC now owns 1,541 shares of the energy company’s stock valued at $510,000 after purchasing an additional 44 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in Alpha Metallurgical Resources by 0.6% in the second quarter.
Linden Thomas Advisory Services LLC now owns 7,823 shares of the energy company’s stock valued at $2,195,000 after acquiring an additional 47 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in Alpha Metallurgical Resources by 1.0% in the second quarter.
SummerHaven Investment Management LLC now owns 4,876 shares of the energy company’s stock valued at $1,368,000 after acquiring an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.
Alpha Metallurgical Resources Company Profile ( Get Free Report ) 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. Featured Stories Receive News & Ratings for Alpha Metallurgical Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha Metallurgical Resources and related companies with MarketBeat.com's FREE daily email newsletter .
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