CTRA - Contura Energy, Inc.

NYSE - NYSE Delayed Price. Currency in USD
6.55
+0.29 (+4.63%)
At close: 4:02PM EST
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Previous Close6.26
Open6.30
Bid6.26 x 900
Ask12.72 x 800
Day's Range6.16 - 6.58
52 Week Range5.70 - 69.29
Volume294,406
Avg. Volume316,412
Market Cap119M
Beta (3Y Monthly)-0.79
PE Ratio (TTM)N/A
EPS (TTM)-1.04
Earnings DateNov 14, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-06-30
1y Target Est16.33
  • Contura Energy, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
    Simply Wall St.

    Contura Energy, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

    One of the biggest stories of last week was how Contura Energy, Inc. (NYSE:CTRA) shares plunged 57% in the week since...

  • U.S. Coal Giant Is ‘Unglued’ as $800 Million Takeover Sours
    Bloomberg

    U.S. Coal Giant Is ‘Unglued’ as $800 Million Takeover Sours

    (Bloomberg) -- U.S. miner Contura Energy Inc.’s $800 million bet on international coal markets is souring.In November 2018, when Contura bought Alpha Natural Resources and became America’s biggest supplier of metallurgical coal, global prices for the fuel were climbing -- bolstered by demand, particularly in China. Since then, trade tensions have escalated, curbing purchases of both steel and the coal used to make it. On Thursday, the miner reported $40 million in third-quarter earnings, less than half of what analysts estimated, and suspended share buybacks.The stock plunged by the most ever and was trading at a record low Friday. It’s fallen 87% this year.Contura has “endured an incredibly tumultuous and unnerving 2019, marked by management changes, asset sale challenges, and most importantly, a significant deterioration in met coal market fundamentals,” Mark Levin, a coal analyst at Seaport Global, said in a research note. “As a result, the stock has come unglued.”Read More: Once-Dominant Appalachia Coal Miner Rises Again Through TakeoverThe collapse of Contura, which declined to comment, reflects the broader struggles in America’s coal country. U.S. power plants are burning less of the fuel as utilities shift to cheaper natural gas and renewable energy. And the met coal export market that miners were depending on to weather this downturn at home is weakening. At least four U.S. companies have shuttered mines since August and five have gone bankrupt this year.This is not the market that Bristol, Tennessee-based Contura had envisioned. Coal prices, now near a two-year low, came in “significantly below expectations” in the third quarter, Chief Executive Officer David Stetson said in a call with investors Thursday. “Contura, as well as the industry as a whole, experienced weakening demand for our products.”Read More: Wall Street’s Cold Shoulder Drove This CEO Out of Coal BusinessOn top of lower coal prices, Contura reported higher production costs at mines where it makes the type of coal burned at power plants. The company blamed lower worker productivity due to vacations and the time needed to move around equipment for that.The company’s shares plunged 49% on Thursday. They were down another 7.1% to $8.71 at 1:54 p.m. in New York.Contura said it expects production costs to come down next year and noted that much of its output for 2020 is already sold. But prices may not prove high enough to generate significant cash flow for the miner, said Andrew Cosgrove, a mining analyst with Bloomberg Intelligence. “They’re still looking at burning cash,” he said.(Updates share price in eighth paragraph.)To contact the reporter on this story: Will Wade in New York at wwade4@bloomberg.netTo contact the editors responsible for this story: Lynn Doan at ldoan6@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Contura Announces Partial Idling of Cumberland Mine
    PR Newswire

    Contura Announces Partial Idling of Cumberland Mine

    BRISTOL, Tenn., Nov. 15, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced the temporary idling of certain support functions at its Cumberland longwall mine in Greene County, Pennsylvania. Due to adverse seam geology in the form of a soft fire clay bottom on the longwall section, and in an effort to reduce mine costs, management made the decision the afternoon of November 14 to temporarily idle support functions, including continuous miner development and preparation plant facilities, effective Friday, November 15. The partial idling of Cumberland mine is anticipated to end on or before Monday, November 18, when the mine is expected to return to more manageable bottom conditions.

  • How Does Contura Energy's (NYSE:CTRA) P/E Compare To Its Industry, After The Share Price Drop?
    Simply Wall St.

    How Does Contura Energy's (NYSE:CTRA) P/E Compare To Its Industry, After The Share Price Drop?

    Unfortunately for some shareholders, the Contura Energy (NYSE:CTRA) share price has dived 58% in the last thirty days...

  • CONTURA ENERGY (CTRA) Reports Q3 Loss, Lags Revenue Estimates
    Zacks

    CONTURA ENERGY (CTRA) Reports Q3 Loss, Lags Revenue Estimates

    CONTURA ENERGY (CTRA) delivered earnings and revenue surprises of -577.08% and -10.31%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Contura Announces Third Quarter 2019 Results
    PR Newswire

    Contura Announces Third Quarter 2019 Results

    BRISTOL, Tenn. , Nov. 14, 2019 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the third quarter ending September 30, 2019 . Highlights include: ...

  • Is Contura Energy (NYSE:CTRA) A Risky Investment?
    Simply Wall St.

    Is Contura Energy (NYSE:CTRA) A Risky Investment?

    Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

  • Contura Announces Executive Leadership Changes
    PR Newswire

    Contura Announces Executive Leadership Changes

    BRISTOL, Tenn., Nov. 8, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced upcoming changes to its executive leadership team as approved by Contura's board of directors on November 6, 2019. On November 15, 2019, Kevin Stanley, executive vice president and chief commercial officer, and Scott Kreutzer, executive vice president and chief strategy officer, will leave their positions at the company. Effective December 1, 2019, Mark Manno, executive vice president, chief administrative and legal officer & secretary, Suzan Moore, senior vice president - administration and chief human resources officer, and Jill Harrison, senior vice president and general counsel, will also leave their positions at the company.

  • Earnings Preview: CONTURA ENERGY (CTRA) Q3 Earnings Expected to Decline
    Zacks

    Earnings Preview: CONTURA ENERGY (CTRA) Q3 Earnings Expected to Decline

    CONTURA ENERGY (CTRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Contura to Announce Third Quarter 2019 Results on November 14
    PR Newswire

    Contura to Announce Third Quarter 2019 Results on November 14

    BRISTOL, Tenn. , Oct. 31, 2019 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the third quarter 2019 before the market opens ...

  • Hedge Funds Aren’t Crazy About Contura Energy, Inc. (CTRA) Anymore
    Insider Monkey

    Hedge Funds Aren’t Crazy About Contura Energy, Inc. (CTRA) Anymore

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Contura Announces Closing of Transaction with Eagle Specialty Materials Related to Powder River Basin Mines
    PR Newswire

    Contura Announces Closing of Transaction with Eagle Specialty Materials Related to Powder River Basin Mines

    BRISTOL, Tenn., Oct. 21, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced the closing on October 18, 2019 of its previously announced transaction with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC (FM Coal), in connection with Eagle Specialty Materials' concurrent acquisition of the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming (Western Assets).

  • Contura Announces Agreement to Resolve Reclamation Obligations Related to Powder River Basin Mines
    PR Newswire

    Contura Announces Agreement to Resolve Reclamation Obligations Related to Powder River Basin Mines

    BRISTOL, Tenn., Sept. 18, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced that it has entered into an agreement with Eagle Specialty Materials, LLC (Eagle Specialty Materials), an affiliate of FM Coal, LLC, related to Eagle Specialty Materials' interest in acquiring and operating the Eagle Butte and Belle Ayr thermal coal mines located in the Powder River Basin (PRB) in Campbell County, Wyoming. Subject to the completion of certain agreements with other private and governmental interested parties, the approval of regulatory and legal authorities, the occurrence of the closing and certain other covenants and conditions, Contura will be released of any and all bonding, reclamation, and operational liabilities related to the two PRB mines.

  • Emily Medine Appointed to Contura Energy's Board of Directors
    PR Newswire

    Emily Medine Appointed to Contura Energy's Board of Directors

    BRISTOL, Tenn. , Sept. 11, 2019 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today announced that Emily S. Medine has been appointed to the company's board of directors, ...

  • Does Contura Energy, Inc. (NYSE:CTRA) Have A Good P/E Ratio?
    Simply Wall St.

    Does Contura Energy, Inc. (NYSE:CTRA) Have A Good P/E Ratio?

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Contura...

  • Contura Subsidiary Receives National Reclamation Award
    PR Newswire

    Contura Subsidiary Receives National Reclamation Award

    BRISTOL, Tenn. , Sept. 10, 2019 /PRNewswire/ --   Contura Energy, Inc. (NYSE: CTRA), a leading coal supplier, today announced that one of its affiliate operations, Paramont Contura, LLC's 88 Strip surface ...

  • Contura Announces $100 Million Stock Repurchase Plan
    PR Newswire

    Contura Announces $100 Million Stock Repurchase Plan

    BRISTOL, Tenn., Aug. 29, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced that its Board of Directors has approved a stock repurchase plan (the "Company Repurchase Plan") to acquire up to $100 million in the aggregate of the company's common stock at prices as set forth in such plan over a specified period, in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934. "Based on our confidence in Contura's robust asset portfolio and strong position in both domestic and international markets, our board believes that the company's stock is significantly undervalued at current trading prices," said chairman and chief executive officer, David Stetson. The Company Repurchase Plan is designed to allow the company to repurchase its common stock at times when it otherwise might be prevented from doing so under insider trading laws.

  • Motley Fool

    Contura Energy, Inc. (CTRA) Q2 2019 Earnings Call Transcript

    CTRA earnings call for the period ending June 30, 2019.

  • CONTURA ENERGY (CTRA) Q2 Earnings Lag Estimates
    Zacks

    CONTURA ENERGY (CTRA) Q2 Earnings Lag Estimates

    CONTURA ENERGY (CTRA) delivered earnings and revenue surprises of -13.19% and 8.70%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Contura Announces Second Quarter 2019 Results
    PR Newswire

    Contura Announces Second Quarter 2019 Results

    BRISTOL, Tenn. , Aug. 14, 2019 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, today reported results for the second quarter ending June 30, 2019 . Highlights include: ...

  • Contura Announces Board and Leadership Changes
    PR Newswire

    Contura Announces Board and Leadership Changes

    BRISTOL, Tenn., Aug. 13, 2019 /PRNewswire/ -- Contura Energy, Inc. (CTRA), a leading U.S. coal supplier, today announced a number of changes to both its board of directors and senior management. In order to assist with the board's reconfiguration, Anthony Orlando, Harvey L. Tepner, Michael Ward, and previous board chair Neale X. Trangucci, have each voluntarily resigned from the board, effective Monday, August 12. None of their resignations was the result of any disagreement with Contura on any matter relating to the company's operations, policies or practices.

  • Contura to Announce Second Quarter 2019 Results on August 14
    PR Newswire

    Contura to Announce Second Quarter 2019 Results on August 14

    BRISTOL, Tenn. , Aug. 8, 2019 /PRNewswire/ -- Contura Energy, Inc. (NYSE: CTRA), a leading U.S. coal supplier, plans to announce its financial results for the second quarter 2019 before the market opens ...