B.Riley FBR’s Analyst Provides Guidance for This Canadian Energy Company


In a report issued on August 22, Lucas Pipes from B.Riley FBR reiterated a Buy rating on Contura Energy Inc (CTRA), with a price target of $59. The company’s shares closed last Monday at $27.11, close to its 52-week low of $26.74.

According to TipRanks.com, Pipes is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.2% and a 39.7% success rate. Pipes covers the Basic Materials sector, focusing on stocks such as Peabody Energy Corporation Comm, Novagold Resources Inc New, and Covia Holdings Corporation.

Currently, the analyst consensus on Contura Energy Inc is a Moderate Buy with an average price target of $55.50, implying a 99.6% upside from current levels. In a report issued on August 15, Seaport Global also maintained a Buy rating on the stock with a $52 price target.

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The company has a one-year high of $81 and a one-year low of $26.74. Currently, Contura Energy Inc has an average volume of 248.5K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CTRA in relation to earlier this year.

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Contura Energy, Inc. engages in providing met and thermal coal. It operates through the following business segments: Central Appalachia Operations (CAPP), Northern Appalachia Operations (NAPP), Trading and Logistics; and All Other.

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