ConturaEnergyInc . (CTRA) Issues Quarterly Earnings Results
ConturaEnergyInc . (NASDAQ:CTRA) posted its earnings results on Wednesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.12 by ($3.71), MarketWatch Earnings reports. The business had revenue of $609.10 million during the quarter, compared to the consensus estimate of $554.05 million. The business’s revenue for the quarter was up 26.3% on a year-over-year basis.
Shares of ConturaEnergyInc . stock traded up $0.05 on Wednesday, reaching $55.53. 2,887 shares of the stock were exchanged, compared to its average volume of 108,121. ConturaEnergyInc . has a twelve month low of $53.22 and a twelve month high of $81.00.
CTRA has been the subject of several recent analyst reports. Zacks Investment Research raised ConturaEnergyInc . from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. Seaport Global Securities assumed coverage on ConturaEnergyInc . in a report on Friday, May 3rd. They set a “buy” rating and a $78.00 target price for the company.
A number of large investors have recently made changes to their positions in the business. Highbridge Capital Management LLC acquired a new position in ConturaEnergyInc . in the fourth quarter valued at approximately $56,351,000. BlackRock Inc. increased its position in shares of ConturaEnergyInc . by 15.4% in the first quarter. BlackRock Inc. now owns 800,594 shares of the company’s stock valued at $46,370,000 after buying an additional 106,989 shares in the last quarter. Solus Alternative Asset Management LP purchased a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at approximately $50,743,000. Deutsche Bank AG purchased a new stake in shares of ConturaEnergyInc . in the fourth quarter valued at approximately $47,723,000. Finally, Alta Fundamental Advisers LLC purchased a new stake in shares of ConturaEnergyInc . in 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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