Contura Energy (CNTE) Upgraded by Zacks Investment Research to “Hold”
Contura Energy (OTCMKTS:CNTE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
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. “
Several other research analysts have also recently weighed in on CNTE. FBR & Co reissued a “buy” rating and set a $96.00 price objective on shares of Contura Energy in a report on Wednesday, August 30th. ValuEngine cut shares of Contura Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, B. Riley reissued a “buy” rating on shares of Contura Energy in a report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Contura Energy presently has a consensus rating of “Buy” and an average price target of $84.00.
About Contura Energy
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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