CONSOL Coal Resources LP (NYSE:CCR) reached a new 52-week high during trading on Tuesday . The company traded as high as $21.13 and last traded at $19.87, with a volume of 1008 shares. The stock had previously closed at $20.66.
A number of equities research analysts recently commented on the stock. B. Riley lifted their price target on shares of CONSOL Coal Resources from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 10th. ValuEngine raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Clarkson Capital cut 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. Citigroup boosted their target price on shares of CONSOL Coal Resources from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. CONSOL Coal Resources currently has a consensus rating of “Hold” and a consensus price target of $20.33.
The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.78. The firm has a market cap of $559.42 million, a PE ratio of 13.63 and a beta of 1.01.
CONSOL Coal Resources (NYSE:CCR) last issued its earnings results on Thursday, November 1st. The energy company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). CONSOL Coal Resources had a net margin of 17.42% and a return on equity of 28.19%. The business had revenue of $75.31 million for the quarter, compared to the consensus estimate of $78.65 million. Equities analysts anticipate that CONSOL Coal Resources LP will post 2.3 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.5125 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $2.05 dividend on an annualized basis and a yield of 10.30%. CONSOL Coal Resources’s payout ratio is 140.41%.
In other CONSOL Coal Resources news, Director Consol Energy Inc. bought 13,890 shares of the stock in a transaction on Wednesday, September 12th. The shares were acquired at an average price of $17.48 per share, with a total value of $242,797.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 160,908 shares of company stock worth $2,941,373 in the last three months.
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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,891 shares of the energy company’s stock after purchasing an additional 32,790 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of CONSOL Coal Resources worth $458,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.63% of the company’s stock.
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About CONSOL Coal Resources (NYSE:CCR)
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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