ConturaEnergyInc . (NASDAQ:CTRA) – B. Riley dropped their Q4 2019 earnings estimates for shares of ConturaEnergyInc . in a report released on Tuesday, February 11th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($2.15) per share for the quarter, down from their previous estimate of ($1.25). B. Riley has a “Buy” rating and a $25.00 price objective on the stock. B. Riley also issued estimates for ConturaEnergyInc .’s FY2020 earnings at ($2.09) EPS and FY2021 earnings at $1.62 EPS.
Separately, Zacks Investment Research raised ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research note on Wednesday.
ConturaEnergyInc . (NASDAQ:CTRA) last released its earnings results on Thursday, November 14th. The company reported ($2.29) EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($2.77). The firm had revenue of $525.86 million during the quarter, compared to analysts’ expectations of $586.30 million. During the same quarter in the prior year, the company posted $1.35 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis.
Large investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its holdings in shares of ConturaEnergyInc . by 33.8% during the third quarter. First Trust Advisors LP now owns 44,600 shares of the company’s stock valued at $1,247,000 after purchasing an additional 11,261 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of ConturaEnergyInc . during the third quarter valued at $1,020,000. Barclays PLC lifted its holdings in shares of ConturaEnergyInc . by 16.9% during the third quarter. Barclays PLC now owns 339,050 shares of the company’s stock valued at $9,480,000 after purchasing an additional 48,905 shares in the last quarter. State Street Corp lifted its holdings in shares of ConturaEnergyInc . by 8.3% during the third quarter. State Street Corp now owns 333,079 shares of the company’s stock valued at $9,313,000 after purchasing an additional 25,536 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of ConturaEnergyInc . during the third quarter valued at $324,000.
In other news, major shareholder Davidson Kempner Partners sold 73,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $7.55, for a total transaction of $551,150.00. Also, COO Jason E. Whitehead purchased 13,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average cost of $7.55 per share, for a total transaction of $98,150.00. Over the last three months, insiders bought 23,000 shares of company stock worth $170,625.
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.
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