Zacks Investment Research downgraded shares of Contura Energy (OTCMKTS:CNTE) from a strong-buy rating to a hold rating in a research note released on Monday.
According to Zacks, “Contura Energy Inc. is a mining company. The Company supplies metallurgical and thermal coal to generate power. It operates primarily in Pennsylvania, Virginia, West Virginia and Wyoming. Contura Energy Inc. is based in Bristol, United States. “
Other equities analysts have also recently issued research reports about the stock. B. Riley reiterated a buy rating on shares of Contura Energy in a research note on Wednesday, November 1st. FBR & Co set a $84.00 target price on Contura Energy and gave the stock a buy rating in a research report on Wednesday, October 11th. Finally, ValuEngine raised Contura Energy from a hold rating to a buy rating in a research report on Friday, December 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Contura Energy has an average rating of Buy and an average target price of $74.33.
About Contura Energy
Contura Energy, Inc is a diversified provider of metallurgical (met) and steam coal. The Company operates coal mines across three United States coal basins. The Company operates through four segments: Central Appalachia (CAPP) Operations, Northern Appalachia (NAPP) Operations, Powder River Basin (PRB) Operations and Trading and Logistics Operations.
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