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

ConturaEnergyInc . (NASDAQ:CTRA) had its target price lowered by B. Riley from $80.00 to $67.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. B. Riley currently has a buy rating on the stock.

CTRA has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of ConturaEnergyInc . from a strong sell rating to a hold rating in a research note on Tuesday, July 16th. TheStreet cut shares of ConturaEnergyInc . from a c- rating to a d+ rating in a research note on Thursday, August 1st. Finally, 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 price target for the company.

Shares of NASDAQ:CTRA opened at $30.97 on Thursday. The firm has a fifty day moving average price of $40.14 and a 200 day moving average price of $53.01. ConturaEnergyInc . has a 1-year low of $29.45 and a 1-year high of $81.00.

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

In related news, insider Kevin Lee Stanley sold 1,986 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $56.50, for a total transaction of $112,209.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Albert E. Ferrara, Jr. sold 1,000 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $53.04, for a total transaction of $53,040.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,976 shares of company stock valued at $1,507,166.

Hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new position in ConturaEnergyInc . during the second quarter valued at approximately $3,936,000. UBS Asset Management Americas Inc. acquired a new position in ConturaEnergyInc . during the second quarter valued at approximately $260,000. Jane Street Group LLC acquired a new position in ConturaEnergyInc . during the second quarter valued at approximately $435,000. Highbridge Capital Management LLC lifted its position in ConturaEnergyInc . by 34.2% during the second quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock valued at $70,267,000 after buying an additional 345,131 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in ConturaEnergyInc . during the second quarter valued at approximately $54,000.

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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