Clarkson Capital Lowers Contura Energy (CNTE) to Neutral

Clarkson Capital lowered shares of Contura Energy (OTCMKTS:CNTE) from a buy rating to a neutral rating in a report released on Wednesday morning, Marketbeat.com reports.

Several other brokerages have also recently issued reports on CNTE. Zacks Investment Research raised Contura Energy from a strong sell rating to a hold rating in a report on Friday, November 17th. ValuEngine raised Contura Energy from a hold rating to a buy rating in a report on Friday, December 1st. B. Riley reissued a buy rating on shares of Contura Energy in a report on Wednesday, November 1st. Finally, FBR & Co set a $84.00 price objective on Contura Energy and gave the company a buy rating in a report on Wednesday, October 11th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $74.33.

Shares of Contura Energy (OTCMKTS CNTE) traded down $1.75 during mid-day trading on Wednesday, hitting $65.00. The stock had a trading volume of 48,889 shares, compared to its average volume of 17,886. The firm has a market cap of $717.06 and a PE ratio of 7.39. The company has a current ratio of 1.66, a quick ratio of 1.43 and a debt-to-equity ratio of 12.75. Contura Energy has a fifty-two week low of $54.00 and a fifty-two week high of $78.00.

Contura Energy (OTCMKTS:CNTE) last issued its quarterly earnings data on Monday, November 27th. The energy company reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.41 by $0.41. Contura Energy had a return on equity of 219.93% and a net margin of 4.71%. research analysts expect that Contura Energy will post 7.61 EPS for the current year.

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Contura Energy Company Profile

Contura Energy, Inc is a diversified provider of metallurgical (met) and steam coal. The Company operates coal mines across three United States coal basins. The Company operates through four segments: Central Appalachia (CAPP) Operations, Northern Appalachia (NAPP) Operations, Powder River Basin (PRB) Operations and Trading and Logistics Operations.

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