ConturaEnergyInc . (NASDAQ:CTRA) released its quarterly earnings data on Wednesday. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.33), Briefing.com reports. The firm had revenue of $656.20 million during the quarter, compared to the consensus estimate of $603.70 million. The company’s quarterly revenue was up 24.1% compared to the same quarter last year.
Shares of NASDAQ:CTRA opened at $30.97 on Friday. ConturaEnergyInc . has a one year low of $29.45 and a one year high of $81.00. The business’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $53.01.
In related news, CEO Charles Andrew Eidson sold 5,880 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $52.72, for a total transaction of $309,993.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin Lee Stanley sold 1,986 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $56.50, for a total value of $112,209.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,976 shares of company stock worth $1,507,166.
Several large investors have recently made changes to their positions in CTRA. Royce & Associates LP raised its holdings in shares of ConturaEnergyInc . by 48.8% during the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock valued at $39,000 after buying an additional 223 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $54,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $65,000. BNP Paribas Arbitrage SA purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $70,000. Finally, Bank of Montreal Can purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $82,000.
A number of equities analysts have recently commented on CTRA shares. TheStreet downgraded ConturaEnergyInc . from a “c-” rating to a “d+” rating in a report on Thursday, August 1st. Seaport Global Securities started coverage on ConturaEnergyInc . in a report on Friday, May 3rd. They issued a “buy” rating and a $78.00 price objective on the stock. B. Riley cut their price objective on ConturaEnergyInc . from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Zacks Investment Research upgraded ConturaEnergyInc . from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th.
ConturaEnergyInc . Company Profile
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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