Contura Energy (CNTE) Cut to Hold at Zacks Investment Research

Contura Energy (OTCMKTS:CNTE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “Contura Energy Inc. is a mining company. The Company supplies metallurgical and thermal coal to generate power. It operates primarily in Pennsylvania, Virginia, West Virginia and Wyoming. Contura Energy Inc. is based in Bristol, United States. “

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Several other research firms have also recently weighed in on CNTE. Clarkson Capital cut shares of Contura Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. B. Riley increased their price target on shares of Contura Energy from $73.00 to $76.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Finally, ValuEngine cut shares of Contura Energy from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $79.33.

Shares of CNTE stock opened at $64.70 on Tuesday. The stock has a market capitalization of $698.78, a PE ratio of 6.75 and a beta of 1.28. Contura Energy has a 52-week low of $54.00 and a 52-week high of $78.00.

Contura Energy (OTCMKTS:CNTE) last released its quarterly earnings results on Thursday, March 29th. The energy company reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.09). The company had revenue of $352.65 million during the quarter, compared to the consensus estimate of $383.00 million. Contura Energy had a net margin of 8.15% and a return on equity of 196.93%. analysts predict that Contura Energy will post 17.72 earnings per share for the current year.

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About Contura Energy

Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers the United States. The company operates in four segments: Central Appalachia Operations, Northern Appalachia Operations, Powder River Basin Operations, and Trading and Logistics.

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