B. Riley Weighs in on Contura Energy’s FY2017 Earnings (CNTE)
Contura Energy (OTCMKTS:CNTE) – Stock analysts at B. Riley upped their FY2017 earnings estimates for Contura Energy in a research note issued on Monday. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $7.51 for the year, up from their prior forecast of $6.59. B. Riley currently has a “Buy” rating and a $71.00 target price on the stock. B. Riley also issued estimates for Contura Energy’s Q4 2017 earnings at $2.08 EPS, Q1 2018 earnings at $2.61 EPS, Q2 2018 earnings at $2.65 EPS, Q3 2018 earnings at $2.60 EPS, Q4 2018 earnings at $2.66 EPS and FY2018 earnings at $10.53 EPS.
Several other brokerages also recently issued reports on CNTE. FBR & Co reiterated a “buy” rating and set a $96.00 price objective on shares of Contura Energy in a research report on Wednesday, August 30th. Zacks Investment Research upgraded Contura Energy from a “strong sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, ValuEngine upgraded Contura Energy from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $77.50.
TRADEMARK VIOLATION NOTICE: This story was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/12/13/b-riley-weighs-in-on-contura-energys-fy2017-earnings-cnte.html.
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.
Receive News & Ratings for Contura Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Contura Energy and related companies with MarketBeat.com's FREE daily email newsletter.