ConturaEnergyInc . (NASDAQ:CTRA) Cut to Strong Sell at Zacks Investment Research

Zacks Investment Research cut shares of ConturaEnergyInc . (NASDAQ:CTRA) from a hold rating to a strong sell rating in a research report sent to investors on Monday, Zacks.com reports.

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. “

Several other research analysts have also recently commented on CTRA. B. Riley reduced their target price on ConturaEnergyInc . from $80.00 to $67.00 and set a buy rating for the company in a research report on Thursday, August 15th. Seaport Global Securities initiated coverage on ConturaEnergyInc . in a research note on Friday, May 3rd. They set a buy rating and a $78.00 price objective for the company. Finally, TheStreet lowered ConturaEnergyInc . from a c- rating to a d+ rating in a research note on Thursday, August 1st.

Shares of CTRA stock opened at $30.11 on Monday. ConturaEnergyInc . has a one year low of $29.18 and a one year high of $81.00. The stock has a fifty day moving average price of $38.09 and a 200 day moving average price of $52.33.

ConturaEnergyInc . (NASDAQ:CTRA) last issued its earnings results on Wednesday, August 14th. The company reported $1.25 EPS 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. ConturaEnergyInc .’s revenue was up 24.1% compared to the same quarter last year.

In other ConturaEnergyInc . news, insider Kevin Lee Stanley sold 1,987 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $53.52, for a total transaction of $106,344.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO James Scott Kreutzer sold 1,157 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $52.75, for a total value of $61,031.75. The disclosure for this sale can be found here. Insiders have sold 27,990 shares of company stock valued at $1,394,957 over the last quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its stake in ConturaEnergyInc . by 48.8% during the first quarter. Royce & Associates LP now owns 680 shares of the company’s stock worth $39,000 after acquiring an additional 223 shares in the last quarter. Mraz Amerine & Associates Inc. increased its stake in shares of ConturaEnergyInc . by 5.1% in the second quarter. Mraz Amerine & Associates Inc. now owns 9,218 shares of the company’s stock valued at $478,000 after buying an additional 450 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of ConturaEnergyInc . in the second quarter valued at $54,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of ConturaEnergyInc . in the second quarter valued at $65,000. Finally, BNP Paribas Arbitrage SA acquired a new stake in shares of ConturaEnergyInc . in the second quarter valued at $70,000.

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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