ConturaEnergyInc . (CTRA) Given New $80.00 Price Target at B. Riley

ConturaEnergyInc . (NASDAQ:CTRA) had its price objective cut by stock analysts at B. Riley from $92.00 to $80.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The firm currently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 40.85% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on CTRA. Zacks Investment Research upgraded ConturaEnergyInc . from a “hold” rating to a “strong-buy” rating and set a $73.00 price objective for the company in a report on Friday, January 25th. Seaport Global Securities began coverage on ConturaEnergyInc . in a report on Friday, May 3rd. They set a “buy” rating and a $78.00 target price for the company.

Shares of CTRA traded up $1.32 during midday trading on Thursday, reaching $56.80. The stock had a trading volume of 9,937 shares, compared to its average volume of 109,339. ConturaEnergyInc . has a 12-month low of $52.30 and a 12-month high of $81.00.

ConturaEnergyInc . (NASDAQ:CTRA) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.60 by ($3.19). The firm had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $554.05 million. ConturaEnergyInc .’s revenue was up 26.3% compared to the same quarter last year.

In other ConturaEnergyInc . news, Director Daniel J. Geiger sold 2,000 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $61.98, for a total value of $123,960.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Kevin S. Crutchfield sold 15,600 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $56.92, for a total value of $887,952.00. The disclosure for this sale can be found here. Insiders have sold a total of 183,205 shares of company stock valued at $10,452,674 over the last 90 days.

Several large investors have recently made changes to their positions in the company. Royce & Associates LP raised its position in shares of ConturaEnergyInc . by 48.8% in the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock worth $39,000 after acquiring an additional 223 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ConturaEnergyInc . by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 17,696 shares of the company’s stock worth $1,025,000 after acquiring an additional 474 shares in the last quarter. Mraz Amerine & Associates Inc. raised its position in shares of ConturaEnergyInc . by 11.4% in the 1st quarter. Mraz Amerine & Associates Inc. now owns 8,768 shares of the company’s stock worth $508,000 after acquiring an additional 900 shares in the last quarter. SEI Investments Co bought a new position in shares of ConturaEnergyInc . in the 1st quarter worth approximately $104,000. Finally, Ellington Management Group LLC raised its position in shares of ConturaEnergyInc . by 4.1% in the 1st quarter. Ellington Management Group LLC now owns 50,451 shares of the company’s stock worth $2,922,000 after acquiring an additional 2,000 shares in the last quarter.

About ConturaEnergyInc .

Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers in the United States and internationally. The company operates in three segments: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics.

Further Reading: Asset Allocation, Balancing Your Investments

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