ConturaEnergyInc . (NASDAQ:CTRA) Announces Quarterly Earnings Results, Misses Expectations By $0.33 EPS
ConturaEnergyInc . (NASDAQ:CTRA) announced its quarterly earnings data on Wednesday. The company reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.33), Briefing.com reports. The company had revenue of $656.20 million during the quarter, compared to analysts’ expectations of $603.70 million. ConturaEnergyInc .’s revenue for the quarter was up 24.1% compared to the same quarter last year.
CTRA stock traded up $0.78 during midday trading on Wednesday, reaching $31.42. The company had a trading volume of 375,055 shares, compared to its average volume of 167,496. The stock’s 50 day moving average price is $40.93. ConturaEnergyInc . has a fifty-two week low of $29.45 and a fifty-two week high of $81.00.
In other ConturaEnergyInc . news, Director Daniel J. Geiger sold 2,000 shares of ConturaEnergyInc . stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $31.49, for a total value of $62,980.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin Lee Stanley sold 1,986 shares of ConturaEnergyInc . stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $56.50, for a total value of $112,209.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,976 shares of company stock valued at $1,507,166.
A number of equities analysts have commented on CTRA shares. Seaport Global Securities started coverage on ConturaEnergyInc . in a research note on Friday, May 3rd. They issued a “buy” rating and a $78.00 target price for the company. TheStreet downgraded ConturaEnergyInc . from a “c-” rating to a “d+” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded ConturaEnergyInc . from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, B. Riley decreased their target price on ConturaEnergyInc . from $92.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, May 16th.
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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