CONSOL Coal Resources (NYSE:CCR) issued its quarterly earnings data on Thursday. The energy company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04), MarketWatch Earnings reports. The business had revenue of $75.31 million for the quarter, compared to analysts’ expectations of $78.65 million. CONSOL Coal Resources had a net margin of 15.25% and a return on equity of 27.24%.
NYSE CCR traded up $0.13 on Friday, hitting $20.33. The stock had a trading volume of 51,054 shares, compared to its average volume of 31,216. 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 $21.00. The firm has a market capitalization of $523.37 million, a P/E ratio of 13.92 and a beta of 1.42.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 10.08%. The ex-dividend date is Wednesday, November 7th. CONSOL Coal Resources’s dividend payout ratio is currently 140.41%.
In other news, Director Consol Energy Inc. purchased 9,341 shares of the business’s stock in a transaction on Monday, October 29th. The shares were acquired at an average cost of $18.98 per share, with a total value of $177,292.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 160,908 shares of company stock worth $2,941,373 over the last ninety days.
Several brokerages recently issued reports on CCR. B. Riley lifted their price objective on shares of CONSOL Coal Resources from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Citigroup lifted their price target on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday. ValuEngine raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Clarkson Capital lowered shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, July 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. CONSOL Coal Resources presently has a consensus rating of “Hold” and an average target price of $20.33.
CONSOL Coal Resources Company Profile
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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