Time to Buy Contura Energy, Inc. (CTRA) After Achieving 52-Week Low?

The stock of Contura Energy, Inc. (NYSE:CTRA) hit a new 52-week low and has $47.90 target or 9.00 % below today’s $52.64 share price. The 8 months bearish chart indicates high risk for the $1.01 billion company. The 1-year low was reported on Jun, 12 by Barchart.com. If the $47.90 price target is reached, the company will be worth $90.90M 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 decreased 0.08% or $0.04 during the last trading session, reaching $52.64. About 20,031 shares traded. Contura Energy, Inc. (NYSE:CTRA) has 0.00% since June 12, 2018 and is . It has underperformed by 4.43% the S&P500.

Analysts await Contura Energy, Inc. (NYSE:CTRA) to report earnings on August, 21. CTRA’s profit will be $36.84 million for 6.85 P/E if the $1.92 EPS becomes a reality. After $0.41 actual earnings per share reported by Contura Energy, Inc. for the previous quarter, Wall Street now forecasts 368.29 % EPS growth.

More notable recent Contura Energy, Inc. (NYSE:CTRA) news were published by: Nasdaq.com which released: “Coal producer Contura Energy withdraws $150 million IPO – Nasdaq” on August 10, 2017, also Finance.Yahoo.com with their article: “Here is What Hedge Funds Think About The E.W. Scripps Company (SSP) – Yahoo Finance” published on May 02, 2019, Finance.Yahoo.com published: “Investors Who Bought Elmira Savings Bank (NASDAQ:ESBK) Shares Five Years Ago Are Now Down 26% – Yahoo Finance” on May 10, 2019. More interesting news about Contura Energy, Inc. (NYSE:CTRA) were released by: Seekingalpha.com and their article: “Peabody Energy Is No Bargain – Seeking Alpha” published on July 26, 2018 as well as Streetinsider.com‘s news article titled: “Cannae Holdings, Inc. (CNNE) Reports Q1 Loss of $0.02, Revenues Miss – StreetInsider.com” with publication date: May 09, 2019.

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 $1.01 billion. The firm operates in three divisions: Central Appalachia Operations, Northern Appalachia Operations, and Trading and Logistics. It has a 2.96 P/E ratio. It operates underground and surface coal mining complexes in Northern and Central Appalachia.

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