Zacks Investment Research upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a strong sell rating to a hold rating in a research report report published on Thursday, November 16th.
According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “
Several other equities analysts also recently commented on the stock. BidaskClub downgraded shares of CONSOL Coal Resources from a sell rating to a strong sell rating in a report on Wednesday, November 15th. B. Riley reiterated a buy rating on shares of CONSOL Coal Resources in a report on Wednesday, November 1st. FBR & Co set a $23.00 price target on shares of CONSOL Coal Resources and gave the company a buy rating in a report on Tuesday, October 31st. Citigroup lowered their price objective on shares of CONSOL Coal Resources from $18.00 to $16.00 and set a neutral rating for the company in a research report on Tuesday, October 17th. Finally, Stifel Nicolaus reissued a buy rating and issued a $23.00 price objective on shares of CONSOL Coal Resources in a research report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. CONSOL Coal Resources has a consensus rating of Buy and an average target price of $20.20.
CONSOL Coal Resources (CCR) remained flat at $$13.70 during trading on Thursday. The stock had a trading volume of 40,083 shares, compared to its average volume of 48,221. CONSOL Coal Resources has a twelve month low of $12.56 and a twelve month high of $20.40. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.70. The stock has a market capitalization of $385.14, a P/E ratio of 10.22 and a beta of 1.40.
CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.35). The firm had revenue of $78.26 million for the quarter, compared to the consensus estimate of $76.46 million. CONSOL Coal Resources had a net margin of 9.94% and a return on equity of 21.14%. analysts forecast that CONSOL Coal Resources will post 1.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.5125 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.05 annualized dividend and a dividend yield of 14.96%. CONSOL Coal Resources’s payout ratio is presently 148.55%.
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CONSOL Coal Resources Company Profile
Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.
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