Seaport Global Securities Weighs in on ConturaEnergyInc .’s Q3 2019 Earnings (CTRA)

ConturaEnergyInc . (NASDAQ:CTRA) – Seaport Global Securities cut their Q3 2019 EPS estimates for ConturaEnergyInc . in a research note issued to investors on Monday, May 13th. Seaport Global Securities analyst M. Levin now forecasts that the company will post earnings per share of $2.83 for the quarter, down from their prior forecast of $2.84. Seaport Global Securities currently has a “Buy” rating and a $78.00 price objective on the stock.

Separately, Zacks Investment Research upgraded shares of ConturaEnergyInc . from a “hold” rating to a “strong-buy” rating and set a $73.00 price target for the company in a research report on Friday, January 25th.

NASDAQ CTRA opened at $56.15 on Wednesday. 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 results on Wednesday, May 15th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.12 by ($3.71). The business had revenue of $609.10 million for the quarter, compared to analyst estimates of $554.05 million. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year.

In other news, Director Daniel J. Geiger sold 2,000 shares of the stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $61.98, for a total transaction of $123,960.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Matthew Manno sold 9,172 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $56.56, for a total transaction of $518,768.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 183,205 shares of company stock valued at $10,452,674.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its holdings in shares of ConturaEnergyInc . by 0.7% during the first quarter. Morgan Stanley now owns 898,034 shares of the company’s stock worth $52,015,000 after purchasing an additional 6,118 shares during the period. Highbridge Capital Management LLC purchased a new stake in shares of ConturaEnergyInc . during the fourth quarter worth about $56,351,000. BlackRock Inc. boosted its holdings in shares of ConturaEnergyInc . by 15.4% during the first quarter. BlackRock Inc. now owns 800,594 shares of the company’s stock worth $46,370,000 after purchasing an additional 106,989 shares during the period. Solus Alternative Asset Management LP purchased a new stake in shares of ConturaEnergyInc . during the fourth quarter worth about $50,743,000. Finally, Deutsche Bank AG purchased a new stake in shares of ConturaEnergyInc . during the fourth quarter worth about $47,723,000.

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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Earnings History and Estimates for ConturaEnergyInc   . (NASDAQ:CTRA)

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