ConturaEnergyInc . (NASDAQ:CTRA)’s share price shot up 6.1% on Monday . The stock traded as high as $33.04 and last traded at $32.76, 299,833 shares were traded during trading. An increase of 76% from the average session volume of 170,748 shares. The stock had previously closed at $30.87.
A number of brokerages recently issued reports on CTRA. TheStreet cut shares of ConturaEnergyInc . from a “c-” rating to a “d+” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of ConturaEnergyInc . from a “hold” rating to a “strong sell” rating in a research note on Monday, August 19th. Finally, B. Riley set a $59.00 target price on shares of ConturaEnergyInc . and gave the stock a “buy” rating in a report on Thursday, August 22nd.
The stock’s 50-day moving average is $31.45 and its 200 day moving average is $48.82.
ConturaEnergyInc . (NASDAQ:CTRA) last posted its earnings results on Wednesday, August 14th. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.58 by ($0.33). The business had revenue of $656.20 million during the quarter, compared to analysts’ expectations of $603.70 million. The firm’s revenue was up 24.1% compared to the same quarter last year.
In related news, insider Mark Matthew Manno sold 3,712 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $33.71, for a total value of $125,131.52. Following the completion of the transaction, the insider now directly owns 30,883 shares in the company, valued at approximately $1,041,065.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Geiger sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $28.03, for a total value of $56,060.00. Following the completion of the transaction, the director now owns 15,306 shares of the company’s stock, valued at $429,027.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,209 shares of company stock worth $1,073,379.
Hedge funds have recently made changes to their positions in the business. Royce & Associates LP boosted its holdings in shares of ConturaEnergyInc . by 48.8% in the first quarter. Royce & Associates LP now owns 680 shares of the company’s stock valued at $39,000 after buying an additional 223 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of ConturaEnergyInc . during the second quarter worth $54,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of ConturaEnergyInc . during the second quarter worth $65,000. BNP Paribas Arbitrage SA bought a new stake in ConturaEnergyInc . in the 2nd quarter valued at $70,000. Finally, Bank of Montreal Can bought a new stake in ConturaEnergyInc . in the 2nd quarter valued at $82,000.
ConturaEnergyInc . Company Profile (NASDAQ:CTRA)
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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