ConturaEnergyInc . (NASDAQ:CTRA) announced its quarterly earnings results on Wednesday. The company reported $1.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.58 by ($0.33), Briefing.com reports. The company had revenue of $656.20 million for the quarter, compared to the consensus estimate of $603.70 million. The company’s revenue was up 24.1% on a year-over-year basis.
NASDAQ:CTRA traded up $0.78 during mid-day trading on Wednesday, reaching $31.42. The company’s stock had a trading volume of 375,055 shares, compared to its average volume of 167,496. ConturaEnergyInc . has a 12-month low of $29.45 and a 12-month high of $81.00. The firm’s fifty day simple moving average is $40.93.
A number of brokerages recently issued reports on CTRA. Zacks Investment Research upgraded shares of ConturaEnergyInc . from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Seaport Global Securities initiated coverage on shares of ConturaEnergyInc . in a research note on Friday, May 3rd. They issued a “buy” rating and a $78.00 price target on the stock. TheStreet lowered ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research report on Thursday, August 1st. Finally, B. Riley decreased their target price on ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, May 16th.
In other ConturaEnergyInc . news, Director Daniel J. Geiger sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $31.49, for a total value of $62,980.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin Lee Stanley sold 1,986 shares of the business’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $56.50, for a total value of $112,209.00. The disclosure for this sale can be found here. In the last three months, insiders sold 29,976 shares of company stock valued at $1,507,166.
A number of large investors have recently modified their holdings of the business. Royce & Associates LP increased its position in shares of ConturaEnergyInc . by 48.8% during the 1st quarter. Royce & Associates LP now owns 680 shares of the company’s stock valued at $39,000 after purchasing an additional 223 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $65,000. BNP Paribas Arbitrage SA purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $70,000. Bank of Montreal Can purchased a new stake in shares of ConturaEnergyInc . during the 2nd quarter valued at about $82,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of ConturaEnergyInc . during the 1st quarter valued at about $216,000.
ConturaEnergyInc . Company Profile
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.
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