Zacks Investment Research Upgrades Contura Energy (CNTE) to Buy

Contura Energy (OTCMKTS:CNTE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The brokerage presently has a $77.00 target price on the energy company’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.00% from the stock’s previous close.

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. “

CNTE has been the topic of a number of other reports. B. Riley raised their price objective on shares of Contura Energy from $78.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. Clarkson Capital raised shares of Contura Energy from a “neutral” rating to a “buy” rating in a research note on Monday, April 30th. Finally, ValuEngine lowered shares of Contura Energy from a “hold” rating to a “sell” rating in a research note on Monday, May 14th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $83.00.

Shares of OTCMKTS CNTE opened at $70.00 on Monday. The firm has a market cap of $741.79 million, a P/E ratio of 7.31 and a beta of 1.26. Contura Energy has a 12-month low of $54.00 and a 12-month high of $77.90.

Contura Energy (OTCMKTS:CNTE) last issued its earnings results on Thursday, March 29th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.66 by ($0.09). The company had revenue of $352.65 million for the quarter, compared to the consensus estimate of $383.00 million. Contura Energy had a return on equity of 324.63% and a net margin of 9.63%. analysts predict that Contura Energy will post 19.85 EPS for the current year.

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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