Shares of CONSOL Coal Resources LP (NYSE:CCR) have received a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $20.33.
A number of research firms have recently commented on CCR. ValuEngine upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Clarkson Capital downgraded shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Citigroup increased their price objective on shares of CONSOL Coal Resources from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 31st. Finally, Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, July 18th.
In other CONSOL Coal Resources news, Director Consol Energy Inc. acquired 6,046 shares of CONSOL Coal Resources stock in a transaction dated Friday, September 14th. The stock was bought at an average cost of $17.94 per share, for a total transaction of $108,465.24. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 160,908 shares of company stock valued at $2,941,373.
A hedge fund recently raised its stake in CONSOL Coal Resources stock. Wells Fargo & Company MN boosted its position in CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 about 0.12% of CONSOL Coal Resources worth $458,000 as of its most recent filing with the SEC. 23.63% of the stock is currently owned by institutional investors.
CCR stock traded down $0.45 during trading hours on Monday, reaching $18.82. 51,479 shares of the stock were exchanged, compared to its average volume of 59,501. The stock has a market cap of $539.33 million, a PE ratio of 12.89 and a beta of 1.01. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.78. CONSOL Coal Resources has a 12 month low of $12.56 and a 12 month high of $21.13.
CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Thursday, November 1st. The energy company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). CONSOL Coal Resources had a return on equity of 28.19% and a net margin of 17.42%. The firm had revenue of $75.31 million for the quarter, compared to the consensus estimate of $78.65 million. On average, analysts forecast that CONSOL Coal Resources will post 2.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th will be paid 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 dividend yield of 10.89%. CONSOL Coal Resources’s dividend payout ratio is 140.41%.
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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