ConturaEnergyInc . (NASDAQ:CTRA) – Analysts at B. Riley reduced their Q3 2019 earnings per share estimates for shares of ConturaEnergyInc . in a report released on Thursday, August 15th, Zacks Investment Research reports. B. Riley analyst L. Pipes now anticipates that the company will earn $1.80 per share for the quarter, down from their previous estimate of $2.58. B. Riley currently has a “Buy” rating and a $59.00 price target on the stock. B. Riley also issued estimates for ConturaEnergyInc .’s Q4 2019 earnings at $2.57 EPS, FY2019 earnings at $6.02 EPS, Q1 2020 earnings at $0.30 EPS, Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.74 EPS, Q4 2020 earnings at $0.74 EPS and FY2020 earnings at $2.37 EPS.
ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company’s revenue was up 24.1% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the company. TheStreet cut ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. Zacks Investment Research cut ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research note on Monday, August 19th.
Shares of CTRA opened at $29.07 on Monday. The business’s fifty day moving average price is $32.74 and its 200 day moving average price is $50.07. ConturaEnergyInc . has a 12-month low of $25.37 and a 12-month high of $81.00.
In other ConturaEnergyInc . news, CEO Charles Andrew Eidson sold 1,191 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $52.93, for a total value of $63,039.63. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Albert E. Ferrara, Jr. sold 1,185 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $53.05, for a total value of $62,864.25. The disclosure for this sale can be found here. Insiders have sold 23,940 shares of company stock worth $1,091,002 over the last 90 days.
Hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of ConturaEnergyInc . by 123.2% during 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. increased its holdings in shares of ConturaEnergyInc . by 6.7% during 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 increased its holdings in shares of ConturaEnergyInc . by 34.2% during 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 increased its holdings in shares of ConturaEnergyInc . by 21.8% during 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 acquired a new position in shares of ConturaEnergyInc . during the second quarter valued at $15,551,000.
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.