Q2 2019 EPS Estimates for ConturaEnergyInc . (CTRA) Cut by Analyst

ConturaEnergyInc . (NASDAQ:CTRA) – Analysts at Seaport Global Securities cut their Q2 2019 earnings estimates for ConturaEnergyInc . in a research report issued on Wednesday, May 15th. Seaport Global Securities analyst M. Levin now anticipates that the company will post earnings of $1.50 per share for the quarter, down from their prior estimate of $2.77. Seaport Global Securities currently has a “Buy” rating and a $78.00 target price on the stock. Seaport Global Securities also issued estimates for ConturaEnergyInc .’s Q3 2019 earnings at $2.17 EPS, FY2019 earnings at $6.30 EPS and FY2021 earnings at ($2.18) EPS.

ConturaEnergyInc . (NASDAQ:CTRA) last issued its earnings results on Wednesday, May 15th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.60 by ($3.19). The business had revenue of $609.10 million for the quarter, compared to the consensus estimate of $554.05 million. The business’s revenue was up 26.3% compared to the same quarter last year.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a report on Monday. B. Riley dropped their target price on shares of ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, May 16th.

Shares of NASDAQ:CTRA opened at $56.01 on Monday. ConturaEnergyInc . has a 1-year low of $52.30 and a 1-year high of $81.00.

Hedge funds have recently added to or reduced their stakes in the stock. Royce & Associates LP acquired a new stake in shares of ConturaEnergyInc . in the 4th quarter worth about $30,000. SEI Investments Co acquired a new stake in shares of ConturaEnergyInc . in the 1st quarter worth about $104,000. Alambic Investment Management L.P. acquired a new stake in shares of ConturaEnergyInc . in the 1st quarter worth about $216,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of ConturaEnergyInc . in the 4th quarter worth about $240,000. Finally, First Trust Advisors LP acquired a new stake in shares of ConturaEnergyInc . in the 1st quarter worth about $261,000.

In related news, CEO Kevin S. Crutchfield sold 17,693 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $57.74, for a total value of $1,021,593.82. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Kevin S. Crutchfield sold 5,600 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $61.06, for a total transaction of $341,936.00. The disclosure for this sale can be found here. Insiders have sold 181,205 shares of company stock worth $10,328,714 over the last three months.

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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