By Ruchi Gupta
March 9, 2019 - The stock of Contura Energy, Inc. (NYSE:CTRA) hit a new 52-week low and has $55.60 target or 4.00 % below today’s $57.92 share price. The 7 months bearish chart indicates high risk for the $1.11B company. The 1-year low was reported on Mar, 7 by Barchart.com. If the $55.60 price target is reached, the company will be worth $44.44M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.
The stock increased 0.73% or $0.42 during the last trading session, reaching $57.92. About 69,192 shares traded. Contura Energy, Inc. (NYSE:CTRA) has 0.00% since March 7, 2018 and is . It has underperformed by 4.37% the S&P500.
Analysts await Contura Energy, Inc. (NYSE:CTRA) to report earnings on April, 4. They expect $4.30 EPS, up 173.89 % or $2.73 from last year’s $1.57 per share. CTRA’s profit will be $82.48M for 3.37 P/E if the $4.30 EPS becomes a reality. After $1.35 actual EPS reported by Contura Energy, Inc. for the previous quarter, Wall Street now forecasts 218.52 % EPS growth.
Contura Energy, Inc. extracts, processes, and markets steam and metallurgical coal to electric utilities, steel and coke producers, and industrial clients in the United States and internationally. The company has market cap of $1.11 billion. The firm operates in three divisions: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics. It has a 2.51 P/E ratio. It operates underground and surface coal mining complexes in Northern and Central Appalachia.