Contura Energy (CNTE - Free Report) is an independent oil and natural gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CNTE’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that RSPP International could be a solid choice for investors.
Current Quarter Estimates for CNTE
In the past 60 days, one estimate has gone higher for Contura Energy compared to one lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.39 a share 60 days ago, to $1.61 a share today, a move of 15.8%.
Current Year Estimates for CNTE
Meanwhile, Contura Energy’s current year figures are also looking quite promising, with one estimate moving higher in the past two month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $6.95 per share 30 days ago to $7.41 per share today, an increase of 6.6%.
CONTURA ENERGY Price and Consensus
The stock has also started to move higher lately, adding 8.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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