ConturaEnergyInc . (NASDAQ:CTRA) Given New $44.00 Price Target at B. Riley

ConturaEnergyInc . (NASDAQ:CTRA) had its price objective cut by B. Riley from $59.00 to $44.00 in a research note published on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the stock.

Other analysts have also issued research reports about the company. Zacks Investment Research lowered ConturaEnergyInc . from a hold rating to a strong sell rating in a research note on Monday, August 19th. TheStreet lowered ConturaEnergyInc . from a c- rating to a d+ rating in a research note on Thursday, August 1st.

CTRA stock traded down $0.18 during trading on Thursday, hitting $22.26. The company had a trading volume of 82,390 shares, compared to its average volume of 177,745. The company has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $43.42. ConturaEnergyInc . has a fifty-two week low of $21.69 and a fifty-two week high of $79.00.

ConturaEnergyInc . (NASDAQ:CTRA) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $1.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.33). The company had revenue of $656.20 million during the quarter, compared to analyst estimates of $603.70 million. The company’s revenue for the quarter was up 24.1% on a year-over-year basis.

In other ConturaEnergyInc . news, insider Kevin Lee Stanley sold 1,988 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $38.69, for a total value of $76,915.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Whitebox Advisors Llc sold 500,000 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $32.99, for a total value of $16,495,000.00. In the last three months, insiders sold 518,002 shares of company stock worth $17,071,923.

A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in ConturaEnergyInc . by 123.2% in the second quarter. BlackRock Inc. now owns 1,787,038 shares of the company’s stock worth $92,747,000 after purchasing an additional 986,444 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of ConturaEnergyInc . by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,460,749 shares of the company’s stock valued at $75,812,000 after acquiring an additional 91,816 shares during the period. Highbridge Capital Management LLC lifted its stake in shares of ConturaEnergyInc . by 34.2% during the second quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock valued at $70,267,000 after acquiring an additional 345,131 shares during the period. Morgan Stanley lifted its stake in shares of ConturaEnergyInc . by 21.8% during the second quarter. Morgan Stanley now owns 1,093,866 shares of the company’s stock valued at $56,772,000 after acquiring an additional 195,832 shares during the period. Finally, Bain Capital Credit LP acquired a new position in shares of ConturaEnergyInc . during the second quarter valued at $15,551,000.

ConturaEnergyInc . Company Profile

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.

Further Reading: How dollar cost averaging works

Receive News & Ratings for ConturaEnergyInc . Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConturaEnergyInc . and related companies with MarketBeat.com's FREE daily email newsletter.