ConturaEnergyInc . (NASDAQ:CTRA) Shares Down 9.3%

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ConturaEnergyInc . (NASDAQ:CTRA)’s share price was down 9.3% on Monday . The stock traded as low as $6.03 and last traded at $6.05, approximately 504,256 shares traded hands during mid-day trading. An increase of 142% from the average daily volume of 208,049 shares. The stock had previously closed at $6.67.

Several analysts recently weighed in on CTRA shares. B. Riley reissued a “buy” rating and issued a $25.00 price objective on shares of ConturaEnergyInc . in a research note on Friday, November 15th. Zacks Investment Research raised shares of ConturaEnergyInc . from a “sell” rating to a “hold” rating in a research note on Friday, November 8th.

The firm’s 50 day moving average is $18.17 and its two-hundred day moving average is $34.96.

ConturaEnergyInc . (NASDAQ:CTRA) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($2.29) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($2.77). The company had revenue of $525.86 million for the quarter, compared to the consensus estimate of $586.30 million. During the same quarter last year, the company posted $1.35 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year.

In related news, Director Daniel J. Geiger sold 2,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 15,306 shares in the company, valued at $429,027.18. The transaction was disclosed in a document filed with the SEC, which is available through 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 shares were sold at an average price of $32.99, for a total transaction of $16,495,000.00. In the last 90 days, insiders purchased 23,000 shares of company stock worth $170,625 and sold 577,150 shares worth $17,167,135.

Hedge funds have recently added to or reduced their stakes in the stock. Highbridge Capital Management LLC lifted its holdings in ConturaEnergyInc . by 34.2% in the second quarter. Highbridge Capital Management LLC now owns 1,353,910 shares of the company’s stock valued at $70,267,000 after buying an additional 345,131 shares during the period. Bain Capital Credit LP acquired a new position in shares of ConturaEnergyInc . during the second quarter valued at about $15,551,000. Swiss National Bank acquired a new position in shares of ConturaEnergyInc . during the second quarter valued at about $1,842,000. Cubist Systematic Strategies LLC acquired a new position in shares of ConturaEnergyInc . during the second quarter valued at about $54,000. Finally, Barclays PLC raised its holdings in shares of ConturaEnergyInc . by 16.9% during the third quarter. Barclays PLC now owns 339,050 shares of the company’s stock valued at $9,480,000 after purchasing an additional 48,905 shares during the period.

About ConturaEnergyInc . (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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