FBR & Co Comments on Contura Energy Inc’s Q3 2017 Earnings (CNTE)
Contura Energy Inc (OTC:CNTE) – Research analysts at FBR & Co decreased their Q3 2017 earnings per share (EPS) estimates for shares of Contura Energy in a note issued to investors on Wednesday. FBR & Co analyst L. Pipes now anticipates that the energy company will post earnings of $1.41 per share for the quarter, down from their prior forecast of $2.18. FBR & Co currently has a “Buy” rating and a $84.00 price objective on the stock. FBR & Co also issued estimates for Contura Energy’s Q4 2017 earnings at $0.53 EPS, Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.50 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.74 EPS, FY2018 earnings at $2.52 EPS and FY2019 earnings at $3.07 EPS.
CNTE has been the subject of several other reports. Zacks Investment Research upgraded Contura Energy from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 15th. ValuEngine cut Contura Energy from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st.
Contura Energy (OTC CNTE) opened at 59.70 on Friday. The stock has a market cap of $638.73 million and a price-to-earnings ratio of 6.58. Contura Energy has a 12 month low of $55.00 and a 12 month high of $79.00. The firm has a 50-day moving average price of $63.38 and a 200-day moving average price of $72.07.
Contura Energy Company Profile
Contura Energy Inc, located in Bristol, Tennessee, owns and operates coal mines. The Company was founded in 2016.
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