Zacks Investment Research upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “
CCR has been the subject of a number of other reports. TheStreet raised CONSOL Coal Resources from a d rating to a c rating in a research note on Tuesday, January 16th. ValuEngine cut CONSOL Coal Resources from a buy rating to a hold rating in a research note on Friday, February 2nd. B. Riley dropped their price objective on CONSOL Coal Resources from $24.00 to $21.00 and set a buy rating for the company in a research note on Thursday, February 8th. Finally, Citigroup dropped their price objective on CONSOL Coal Resources from $16.00 to $15.00 and set a neutral rating for the company in a research note on Wednesday, March 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $20.00.
CCR stock opened at $14.60 on Wednesday. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 0.92. The firm has a market cap of $399.00, a price-to-earnings ratio of 10.00 and a beta of 1.31. CONSOL Coal Resources has a 52-week low of $12.56 and a 52-week high of $17.55.
CONSOL Coal Resources (NYSE:CCR) last posted its earnings results on Tuesday, February 6th. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The company had revenue of $78.77 million during the quarter, compared to analysts’ expectations of $79.74 million. CONSOL Coal Resources had a return on equity of 21.19% and a net margin of 10.56%. equities research analysts anticipate that CONSOL Coal Resources will post 1.88 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of CCR. Advantage Investment Management LLC acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at $100,000. Geode Capital Management LLC acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at $457,000. Edge Advisors LLC acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at $704,000. Renaissance Technologies LLC acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at $718,000. Finally, Raffles Associates LP acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at $988,000. 24.14% of the stock is owned by institutional investors and hedge funds.
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About CONSOL Coal Resources
CONSOL Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. It owns a 25% undivided interest in the Pennsylvania mining complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal located primarily in southwestern Pennsylvania.
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