ValuEngine Downgrades Contura Energy (CNTE) to Sell

ValuEngine lowered shares of Contura Energy (OTCMKTS:CNTE) from a hold rating to a sell rating in a research note published on Monday.

A number of other research firms have also weighed in on CNTE. Zacks Investment Research raised Contura Energy from a hold rating to a strong-buy rating and set a $78.00 target price for the company in a report on Tuesday, January 30th. B. Riley lifted their target price on Contura Energy from $78.00 to $88.00 and gave the company a buy rating in a report on Tuesday, May 1st. Finally, Clarkson Capital raised Contura Energy from a neutral rating to a buy rating in a report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $82.00.

Shares of CNTE opened at $65.00 on Monday. Contura Energy has a fifty-two week low of $54.00 and a fifty-two week high of $77.90. The stock has a market capitalization of $704.16 million, a P/E ratio of 6.78 and a beta of 1.28.

Contura Energy (OTCMKTS:CNTE) last announced its quarterly earnings data on Thursday, March 29th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.09). The firm had revenue of $352.65 million during the quarter, compared to analysts’ expectations of $383.00 million. Contura Energy had a return on equity of 196.93% and a net margin of 8.15%. analysts forecast that Contura Energy will post 16.79 earnings per share for the current year.

Contura Energy Company Profile

Contura Energy, Inc extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial customers the United States. The company operates in four segments: Central Appalachia Operations, Northern Appalachia Operations, Powder River Basin Operations, and Trading and Logistics.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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