Seaport Global Securities initiated coverage on shares of ConturaEnergyInc . (NASDAQ:CTRA) in a research report released on Friday morning, Benzinga reports. The firm issued a buy rating and a $78.00 price objective on the stock.
Separately, Zacks Investment Research upgraded shares of ConturaEnergyInc . from a hold rating to a strong-buy rating and set a $73.00 price target on the stock in a research report on Friday, January 25th.
Shares of NASDAQ CTRA opened at $59.89 on Friday. ConturaEnergyInc . has a fifty-two week low of $53.22 and a fifty-two week high of $81.00.
ConturaEnergyInc . (NASDAQ:CTRA) last issued its quarterly earnings results on Monday, April 1st. The company reported $9.85 EPS for the quarter, topping the consensus estimate of $4.30 by $5.55. The business had revenue of $572.08 million during the quarter, compared to the consensus estimate of $549.90 million. During the same quarter last year, the firm posted $10.83 earnings per share. ConturaEnergyInc .’s revenue was up 62.2% compared to the same quarter last year.
In other ConturaEnergyInc . news, CFO Charles Andrew Eidson sold 8,174 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $58.36, for a total transaction of $477,034.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kevin S. Crutchfield sold 12,708 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $54.02, for a total value of $686,486.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 197,030 shares of company stock worth $11,299,045.
A number of hedge funds and other institutional investors have recently bought and sold shares of CTRA. Royce & Associates LP acquired a new stake in ConturaEnergyInc . during the 4th quarter worth about $30,000. O Shaughnessy Asset Management LLC acquired a new stake in ConturaEnergyInc . during the 4th quarter worth about $240,000. Honeywell International Inc. acquired a new stake in ConturaEnergyInc . during the 4th quarter worth about $282,000. California Public Employees Retirement System acquired a new stake in ConturaEnergyInc . during the 4th quarter worth about $295,000. Finally, Partnervest Advisory Services LLC acquired a new stake in ConturaEnergyInc . during the 4th quarter worth about $299,000.
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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