B. Riley Cuts ConturaEnergyInc . (NASDAQ:CTRA) Price Target to $67.00
ConturaEnergyInc . (NASDAQ:CTRA) had its price target lowered by B. Riley from $80.00 to $67.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the stock.
CTRA has been the topic of several other reports. Zacks Investment Research raised ConturaEnergyInc . from a strong sell rating to a hold rating in a research note on Tuesday, July 16th. TheStreet lowered ConturaEnergyInc . from a c- rating to a d+ rating in a research note on Thursday, August 1st. Finally, Seaport Global Securities started coverage on ConturaEnergyInc . in a research note on Friday, May 3rd. They issued a buy rating and a $78.00 price objective on the stock.
NASDAQ:CTRA opened at $30.97 on Thursday. The stock’s 50-day simple moving average is $40.14 and its 200 day simple moving average is $53.01. ConturaEnergyInc . has a twelve month low of $29.45 and a twelve month high of $81.00.
In other news, CEO Charles Andrew Eidson sold 5,880 shares of ConturaEnergyInc . stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $52.72, for a total transaction of $309,993.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO James Scott Kreutzer sold 1,157 shares of ConturaEnergyInc . stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $52.75, for a total value of $61,031.75. The disclosure for this sale can be found here. Insiders sold 29,976 shares of company stock worth $1,507,166 over the last ninety days.
Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new stake in shares of ConturaEnergyInc . during the fourth quarter valued at about $2,386,000. Bailard Inc. bought a new position in shares of ConturaEnergyInc . during the first quarter worth about $429,000. Geode Capital Management LLC bought a new position in shares of ConturaEnergyInc . during the fourth quarter worth about $3,643,000. Millennium Management LLC bought a new position in shares of ConturaEnergyInc . during the fourth quarter worth about $573,000. Finally, Northern Trust Corp bought a new position in shares of ConturaEnergyInc . during the fourth quarter worth about $642,000.
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.
Further Reading: Hold Rating
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