Shares of ConturaEnergyInc . (NASDAQ:CTRA) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.
Brokers have set a 1-year consensus price objective of $103.00 for the company and are predicting that the company will post $5.45 earnings per share for the current quarter, according to Zacks. Zacks has also given ConturaEnergyInc . an industry rank of 105 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of ConturaEnergyInc . from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd.
ConturaEnergyInc . (NASDAQ:CTRA) last posted its quarterly earnings data on Monday, April 1st. The company reported $9.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.30 by $5.55. The business had revenue of $572.08 million during the quarter, compared to the consensus estimate of $549.90 million. During the same period in the prior year, the firm earned $10.83 EPS. The business’s revenue for the quarter was up 62.2% on a year-over-year basis.
In related news, CEO Kevin S. Crutchfield sold 15,700 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $55.13, for a total transaction of $865,541.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Charles Andrew Eidson sold 7,840 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $63.82, for a total transaction of $500,348.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 159,437 shares of company stock valued at $9,240,855.
Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP acquired a new position in ConturaEnergyInc . during the 4th quarter worth approximately $30,000. O Shaughnessy Asset Management LLC acquired a new position in ConturaEnergyInc . during the 4th quarter worth approximately $240,000. Honeywell International Inc. acquired a new position in ConturaEnergyInc . during the 4th quarter worth approximately $282,000. California Public Employees Retirement System acquired a new position in ConturaEnergyInc . during the 4th quarter worth approximately $295,000. Finally, Partnervest Advisory Services LLC acquired a new position in ConturaEnergyInc . during the 4th quarter worth approximately $299,000.
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.
Read More: Cost of Goods Sold (COGS)
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