ConturaEnergyInc . (NASDAQ:CTRA) Price Target Lowered to $67.00 at B. Riley

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ConturaEnergyInc . (NASDAQ:CTRA) had its price target reduced by B. Riley from $80.00 to $67.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

A number of other research firms have also recently commented on CTRA. TheStreet cut shares of ConturaEnergyInc . from a c- rating to a d+ rating in a research note on Thursday, August 1st. Seaport Global Securities assumed coverage on shares of ConturaEnergyInc . in a research note on Friday, May 3rd. They set a buy rating and a $78.00 target price for the company. Finally, Zacks Investment Research raised shares of ConturaEnergyInc . from a strong sell rating to a hold rating in a research note on Tuesday, July 16th.

CTRA opened at $30.97 on Thursday. ConturaEnergyInc . has a fifty-two week low of $29.45 and a fifty-two week high of $81.00. The company has a fifty day moving average of $40.14 and a two-hundred day moving average of $53.01.

ConturaEnergyInc . (NASDAQ:CTRA) last released its quarterly earnings data on Wednesday, August 14th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.33). The business had revenue of $656.20 million for the quarter, compared to the consensus estimate of $603.70 million. ConturaEnergyInc .’s revenue was up 24.1% on a year-over-year basis.

In related news, insider Kevin Lee Stanley sold 1,988 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $38.69, for a total transaction of $76,915.72. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $62,980.00. The disclosure for this sale can be found here. Insiders have sold 29,976 shares of company stock valued at $1,507,166 in the last three months.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in ConturaEnergyInc . during the fourth quarter worth about $2,386,000. Bailard Inc. acquired a new position in ConturaEnergyInc . during the first quarter worth about $429,000. Geode Capital Management LLC acquired a new position in ConturaEnergyInc . during the fourth quarter worth about $3,643,000. Millennium Management LLC acquired a new position in ConturaEnergyInc . during the fourth quarter worth about $573,000. Finally, Northern Trust Corp acquired a new position in ConturaEnergyInc . during the fourth quarter worth about $642,000.

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.

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