Zacks Investment Research Upgrades Contura Energy (CNTE) to Strong-Buy
Contura Energy (OTCMKTS:CNTE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday. The brokerage presently has a $87.00 target price on the energy company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.73% from the company’s previous close.
According to Zacks, “Contura Energy Inc. is a mining company. The Company supplies metallurgical and thermal coal to generate power. It operates primarily in Pennsylvania, Virginia, West Virginia and Wyoming. Contura Energy Inc. is based in Bristol, United States. “
Several other equities analysts have also commented on CNTE. B. Riley reduced their price target on Contura Energy from $85.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, July 19th. ValuEngine raised Contura Energy from a “sell” rating to a “hold” rating in a research report on Monday, June 18th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Contura Energy presently has a consensus rating of “Buy” and a consensus target price of $86.33.
About Contura Energy
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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