Analysts expect that CONSOL Coal Resources LP (NYSE:CCR) will announce sales of $78.65 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for CONSOL Coal Resources’ earnings, with estimates ranging from $77.00 million to $80.30 million. CONSOL Coal Resources posted sales of $78.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.5%. The company is scheduled to issue its next earnings results on Monday, October 29th.
On average, analysts expect that CONSOL Coal Resources will report full-year sales of $315.93 million for the current fiscal year, with estimates ranging from $266.50 million to $355.30 million. For the next financial year, analysts forecast that the company will report sales of $337.80 million per share, with estimates ranging from $331.00 million to $344.10 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow CONSOL Coal Resources.
CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.09. The company had revenue of $98.06 million during the quarter, compared to the consensus estimate of $97.65 million. CONSOL Coal Resources had a return on equity of 27.24% and a net margin of 15.25%.
CCR has been the subject of a number of recent research reports. Zacks Investment Research downgraded CONSOL Coal Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine downgraded CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Thursday, June 28th. TheStreet upgraded CONSOL Coal Resources from a “c-” rating to a “b” rating in a research note on Monday, July 2nd. Citigroup boosted their price objective on CONSOL Coal Resources from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, July 31st. Finally, B. Riley boosted their price objective on CONSOL Coal Resources from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. CONSOL Coal Resources currently has an average rating of “Hold” and an average target price of $20.20.
Shares of NYSE:CCR traded down $0.20 during mid-day trading on Friday, reaching $17.80. 294 shares of the company traded hands, compared to its average volume of 35,230. The company has a market cap of $495.31 million, a PE ratio of 12.09 and a beta of 1.42. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74. CONSOL Coal Resources has a 52 week low of $12.56 and a 52 week high of $19.16.
In other CONSOL Coal Resources news, Director Consol Energy Inc. purchased 13,890 shares of the company’s stock in a transaction on Wednesday, September 12th. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $242,797.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
A hedge fund recently raised its stake in CONSOL Coal Resources stock. Wells Fargo & Company MN grew its position in shares of CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 32,891 shares of the energy company’s stock after acquiring an additional 32,790 shares during the quarter. Wells Fargo & Company MN owned about 0.12% of CONSOL Coal Resources worth $458,000 at the end of the most recent reporting period. 23.63% of the stock is owned by hedge funds and other institutional investors.
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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