Contura Energy (CNTE) Price Target Raised to $76.00 at B. Riley

Contura Energy (OTCMKTS:CNTE) had its price objective increased by investment analysts at B. Riley from $73.00 to $76.00 in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the energy company’s stock. B. Riley’s price objective suggests a potential upside of 13.43% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Contura Energy from a “hold” rating to a “strong-buy” rating and set a $78.00 target price on the stock in a report on Tuesday, January 30th. Clarkson Capital cut shares of Contura Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, January 17th. Finally, ValuEngine raised shares of Contura Energy from a “hold” rating to a “buy” rating in a report on Friday, December 1st. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $79.33.

Shares of Contura Energy (OTCMKTS CNTE) traded up $0.50 during mid-day trading on Tuesday, reaching $67.00. 10,388 shares of the company’s stock traded hands, compared to its average volume of 11,353. The company has a debt-to-equity ratio of 12.75, a current ratio of 1.66 and a quick ratio of 1.43. The firm has a market capitalization of $698.78 and a P/E ratio of 7.56. Contura Energy has a 1 year low of $54.00 and a 1 year high of $78.00.

Contura Energy (OTCMKTS:CNTE) last issued its quarterly earnings data on Monday, November 27th. The energy company reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.41. Contura Energy had a net margin of 4.71% and a return on equity of 219.93%. research analysts forecast that Contura Energy will post 7.61 earnings per share for the current fiscal year.

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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.

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