ConturaEnergyInc . (CTRA) to Post Q1 2019 Earnings of $1.72 Per Share, Seaport Global Securities Forecasts

ConturaEnergyInc . (NASDAQ:CTRA) – Seaport Global Securities cut their Q1 2019 EPS estimates for ConturaEnergyInc . in a research report issued on Monday, May 13th. Seaport Global Securities analyst M. Levin now anticipates that the company will post earnings of $1.72 per share for the quarter, down from their prior estimate of $3.30. Seaport Global Securities has a “Buy” rating and a $78.00 price target on the stock. Seaport Global Securities also issued estimates for ConturaEnergyInc .’s Q2 2019 earnings at $2.77 EPS, FY2019 earnings at $9.72 EPS, FY2020 earnings at $4.94 EPS and FY2021 earnings at ($1.82) EPS.

ConturaEnergyInc . (NASDAQ:CTRA) last released its quarterly earnings data on Wednesday, May 15th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $3.60 by ($3.19). The firm had revenue of $609.10 million during the quarter, compared to analysts’ expectations of $554.05 million. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis.

A number of other analysts have also weighed in on CTRA. B. Riley dropped their price objective on ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Investment Research raised ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research note on Wednesday, April 3rd.

NASDAQ:CTRA opened at $57.00 on Thursday. ConturaEnergyInc . has a fifty-two week low of $52.30 and a fifty-two week high of $81.00.

In related news, Director John E. Lushefski sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $56.64, for a total transaction of $155,760.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Kevin S. Crutchfield sold 12,708 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $54.02, for a total value of $686,486.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 181,205 shares of company stock valued at $10,328,714.

Several institutional investors have recently made changes to their positions in CTRA. Highbridge Capital Management LLC bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at approximately $56,351,000. Solus Alternative Asset Management LP bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at approximately $50,743,000. Deutsche Bank AG bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at approximately $47,723,000. BlackRock Inc. bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at approximately $45,598,000. Finally, Alta Fundamental Advisers LLC bought a new position in shares of ConturaEnergyInc . during the fourth quarter valued at approximately $30,123,000.

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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