Contura Energy Expected to Post FY2017 Earnings of $6.59 Per Share (CNTE)
Contura Energy (OTCMKTS:CNTE) – B. Riley raised their FY2017 earnings estimates for Contura Energy in a research note issued on Thursday. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $6.59 for the year, up from their prior forecast of $6.58. B. Riley has a “Buy” rating on the stock.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Contura Energy from a “hold” rating to a “strong sell” rating in a research note on Monday, September 25th. ValuEngine downgraded shares of Contura Energy from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $84.00.
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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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