ConturaEnergyInc . (NASDAQ:CTRA) has earned an average broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy recommendation.
Brokers have set a one year consensus price objective of $86.67 for the company and are forecasting that the company will post $1.92 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ConturaEnergyInc . an industry rank of 197 out of 256 based on the ratings given to related companies.
Several brokerages have recently commented on CTRA. TheStreet lowered ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. B. Riley decreased their price target on ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, May 16th. Seaport Global Securities started coverage on ConturaEnergyInc . in a research note on Friday, May 3rd. They issued a “buy” rating and a $78.00 price target on the stock. Finally, Zacks Investment Research raised ConturaEnergyInc . from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th.
In related news, CEO Charles Andrew Eidson sold 1,191 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $59.00, for a total transaction of $70,269.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO James Scott Kreutzer sold 630 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $58.94, for a total value of $37,132.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,547 shares of company stock worth $1,707,348.
A number of institutional investors and hedge funds have recently bought and sold shares of CTRA. Royce & Associates LP increased its holdings in ConturaEnergyInc . by 48.8% during the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock worth $39,000 after purchasing an additional 223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in ConturaEnergyInc . during the 2nd quarter worth about $65,000. BNP Paribas Arbitrage SA purchased a new stake in ConturaEnergyInc . during the 2nd quarter worth about $70,000. Alambic Investment Management L.P. purchased a new stake in ConturaEnergyInc . during the 1st quarter worth about $216,000. Finally, First Trust Advisors LP purchased a new stake in ConturaEnergyInc . during the 1st quarter worth about $261,000.
Shares of ConturaEnergyInc . stock traded down $0.45 during trading hours on Tuesday, hitting $31.33. The company’s stock had a trading volume of 256,361 shares, compared to its average volume of 163,122. ConturaEnergyInc . has a twelve month low of $30.36 and a twelve month high of $81.00. The company’s fifty day simple moving average is $44.52.
ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.60 by ($3.19). The firm had revenue of $609.10 million during the quarter, compared to analyst estimates of $554.05 million. The company’s revenue for the quarter was up 26.3% on a year-over-year basis.
About ConturaEnergyInc .
Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers in the United States and internationally. The company operates in three segments: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics.
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