Zacks: ConturaEnergyInc . (NASDAQ:CTRA) Given $73.67 Consensus Target Price by Analysts

ConturaEnergyInc . (NASDAQ:CTRA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. Three investment analysts have rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price objective of $73.67 for the company and are predicting that the company will post $1.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned ConturaEnergyInc . an industry rank of 215 out of 256 based on the ratings given to its competitors.

Several equities analysts recently weighed in on the company. B. Riley dropped their price objective on ConturaEnergyInc . from $80.00 to $67.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. TheStreet downgraded ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Seaport Global Securities started coverage on ConturaEnergyInc . in a research report on Friday, May 3rd. They set a “buy” rating and a $78.00 price target for the company. Finally, Zacks Investment Research downgraded ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research report on Monday.

NASDAQ CTRA traded down $1.12 during mid-day trading on Thursday, hitting $29.99. The stock had a trading volume of 2,082 shares, compared to its average volume of 168,215. ConturaEnergyInc . has a 52-week low of $29.45 and a 52-week high of $81.00. The company has a 50 day simple moving average of $38.90 and a 200 day simple moving average of $52.68.

ConturaEnergyInc . (NASDAQ:CTRA) last released its quarterly earnings data on Wednesday, August 14th. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.58 by ($0.33). The company had revenue of $656.20 million during the quarter, compared to analysts’ expectations of $603.70 million. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year.

In other news, CEO Charles Andrew Eidson sold 5,880 shares of ConturaEnergyInc . stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $52.72, for a total value of $309,993.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Geiger sold 2,000 shares of ConturaEnergyInc . stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $31.49, for a total value of $62,980.00. The disclosure for this sale can be found here. Insiders have sold 27,990 shares of company stock valued at $1,394,957 in the last three months.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of ConturaEnergyInc . by 123.2% in the second quarter. BlackRock Inc. now owns 1,787,038 shares of the company’s stock valued at $92,747,000 after purchasing an additional 986,444 shares during the period. Vanguard Group Inc. grew its position in shares of ConturaEnergyInc . by 6.7% in the second quarter. Vanguard Group Inc. now owns 1,460,749 shares of the company’s stock valued at $75,812,000 after purchasing an additional 91,816 shares during the period. Highbridge Capital Management LLC grew its position in shares of ConturaEnergyInc . by 34.2% in the second quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock valued at $70,267,000 after purchasing an additional 345,131 shares during the period. Morgan Stanley grew its position in shares of ConturaEnergyInc . by 21.8% in the second quarter. Morgan Stanley now owns 1,093,866 shares of the company’s stock valued at $56,772,000 after purchasing an additional 195,832 shares during the period. Finally, Bain Capital Credit LP purchased a new stake in shares of ConturaEnergyInc . in the second quarter valued at $15,551,000.

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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