Shares of ConturaEnergyInc . (NASDAQ:CTRA) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, 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 $73.67 for the company and are forecasting 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 225 out of 256 based on the ratings given to related companies.
CTRA has been the subject of several research reports. B. Riley set a $59.00 price target on ConturaEnergyInc . and gave the company a “buy” rating in a report on Thursday, August 22nd. TheStreet cut ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research report on Monday, August 19th.
In other ConturaEnergyInc . news, CEO Charles Andrew Eidson sold 5,879 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $51.71, for a total transaction of $304,003.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $106,344.24. The disclosure for this sale can be found here. Insiders have sold a total of 27,209 shares of company stock worth $1,073,379 in the last quarter.
A number of hedge funds have recently bought and sold shares of the business. Boston Partners bought a new position in ConturaEnergyInc . during the 2nd quarter worth $4,995,000. Nuveen Asset Management LLC bought a new position in ConturaEnergyInc . during the 2nd quarter worth $3,936,000. UBS Asset Management Americas Inc. bought a new position in ConturaEnergyInc . during the 2nd quarter worth $260,000. Jane Street Group LLC bought a new position in ConturaEnergyInc . during the 2nd quarter worth $435,000. Finally, Highbridge Capital Management LLC increased its position in ConturaEnergyInc . by 34.2% during the 2nd quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock worth $70,267,000 after buying an additional 345,131 shares during the period.
ConturaEnergyInc . stock traded up $1.15 during mid-day trading on Thursday, hitting $32.86. 252,500 shares of the company’s stock traded hands, compared to its average volume of 172,930. The firm has a 50 day simple moving average of $30.82 and a two-hundred day simple moving average of $47.96. ConturaEnergyInc . has a fifty-two week low of $25.37 and a fifty-two week high of $81.00.
ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.33). The business had revenue of $656.20 million during the quarter, compared to analyst estimates of $603.70 million. ConturaEnergyInc .’s quarterly revenue was up 24.1% on a year-over-year basis.
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.
Featured Article: Asset Allocation and Your Retirement
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ConturaEnergyInc . Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConturaEnergyInc . and related companies with MarketBeat.com's FREE daily email newsletter.