ConturaEnergyInc . (NASDAQ:CTRA) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of ConturaEnergyInc . (NASDAQ:CTRA) from a strong sell rating to a hold rating in a research report report published on Tuesday morning, 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. “

A number of other research firms also recently weighed in on CTRA. B. Riley set a $7.00 target price on Unique Fabricating and gave the stock a buy rating in a report on Thursday, May 16th. Seaport Global Securities assumed coverage on ConturaEnergyInc . in a report on Friday, May 3rd. They set a buy rating and a $78.00 target price for the company.

CTRA opened at $39.14 on Tuesday. ConturaEnergyInc . has a fifty-two week low of $37.62 and a fifty-two week high of $81.00. The stock’s fifty day moving average price is $50.57.

ConturaEnergyInc . (NASDAQ:CTRA) last posted its earnings results on Wednesday, May 15th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.60 by ($3.19). The firm had revenue of $609.10 million during the quarter, compared to the consensus estimate of $554.05 million. ConturaEnergyInc .’s quarterly revenue was up 26.3% on a year-over-year basis.

In related news, CEO Charles Andrew Eidson sold 1,191 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $49.75, for a total value of $59,252.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO James Scott Kreutzer sold 630 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $58.94, for a total value of $37,132.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 75,992 shares of company stock valued at $4,188,970.

A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP raised its stake in ConturaEnergyInc . by 48.8% in the first quarter. Royce & Associates LP now owns 680 shares of the company’s stock valued at $39,000 after purchasing an additional 223 shares in the last quarter. Mraz Amerine & Associates Inc. raised its stake in ConturaEnergyInc . by 11.4% in the first quarter. Mraz Amerine & Associates Inc. now owns 8,768 shares of the company’s stock valued at $508,000 after purchasing an additional 900 shares in the last quarter. Alambic Investment Management L.P. acquired a new position in ConturaEnergyInc . in the first quarter valued at about $216,000. California Public Employees Retirement System acquired a new position in ConturaEnergyInc . in the fourth quarter valued at about $295,000. Finally, First Trust Advisors LP acquired a new position in ConturaEnergyInc . during the first quarter worth about $261,000.

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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