ConturaEnergyInc . (NASDAQ:CTRA) – Equities researchers at Seaport Global Securities cut their Q3 2019 earnings per share estimates for shares of ConturaEnergyInc . in a report issued on Monday, May 13th, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin now expects that the company will earn $2.83 per share for the quarter, down from their prior estimate of $2.84. Seaport Global Securities has a “Buy” rating and a $78.00 price target on the stock.
ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings results on Wednesday, May 15th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.60 by ($3.19). The firm had revenue of $609.10 million for the quarter, compared to analysts’ expectations of $554.05 million. The company’s quarterly revenue was up 26.3% compared to the same quarter last year.
Several other research firms have also recently weighed in on CTRA. Zacks Investment Research cut shares of ConturaEnergyInc . from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. B. Riley reduced their price target on shares of ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th.
Shares of CTRA stock traded up $0.99 during trading on Wednesday, hitting $53.78. The company had a trading volume of 210,556 shares, compared to its average volume of 115,583. ConturaEnergyInc . has a 52 week low of $52.05 and a 52 week high of $81.00.
Institutional investors have recently modified their holdings of the company. Royce & Associates LP bought a new position in shares of ConturaEnergyInc . in the fourth quarter worth approximately $30,000. SEI Investments Co bought a new position in shares of ConturaEnergyInc . in the first quarter worth approximately $104,000. O Shaughnessy Asset Management LLC bought a new position in shares of ConturaEnergyInc . in the fourth quarter worth approximately $240,000. Alambic Investment Management L.P. bought a new position in shares of ConturaEnergyInc . in the first quarter worth approximately $216,000. Finally, Honeywell International Inc. bought a new position in shares of ConturaEnergyInc . in the fourth quarter worth approximately $282,000.
In other ConturaEnergyInc . news, Director Harvey L. Tepner sold 750 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $57.33, for a total transaction of $42,997.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO James Scott Kreutzer sold 630 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $60.57, for a total transaction of $38,159.10. The disclosure for this sale can be found here. Insiders have sold 170,028 shares of company stock worth $9,635,100 over the last quarter.
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.