ValuEngine Upgrades Contura Energy (CNTE) to “Buy”
Contura Energy (OTCMKTS:CNTE) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
CNTE has been the subject of several other research reports. FBR & Co reissued a “buy” rating and issued a $96.00 price target on shares of Contura Energy in a research report on Wednesday, August 30th. Zacks Investment Research raised shares of Contura Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, B. Riley reissued a “buy” rating on shares of Contura Energy in a research report on Wednesday, November 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $84.00.
Shares of Contura Energy (CNTE) traded down $0.40 on Friday, hitting $59.10. 5,657 shares of the stock were exchanged, compared to its average volume of 6,409. The firm has a market capitalization of $635.38 and a price-to-earnings ratio of 5.95. The company has a debt-to-equity ratio of 12.75, a current ratio of 1.66 and a quick ratio of 1.43. Contura Energy has a 1-year low of $54.00 and a 1-year high of $78.00.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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