Short Interest in CONSOL Coal Resources LP (NYSE:CCR) Expands By 22.3%

CONSOL Coal Resources LP (NYSE:CCR) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 24,100 shares, an increase of 22.3% from the July 31st total of 19,700 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 27,000 shares, the short-interest ratio is presently 0.9 days.

Shares of CCR stock traded up $0.10 during trading on Friday, hitting $13.26. 16,690 shares of the company were exchanged, compared to its average volume of 29,113. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.51 and a current ratio of 0.68. The firm has a market capitalization of $370.55 million, a price-to-earnings ratio of 6.88 and a beta of 1.01. The business’s 50-day simple moving average is $13.87 and its 200 day simple moving average is $16.18. CONSOL Coal Resources has a twelve month low of $12.30 and a twelve month high of $21.13.

CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.01). The company had revenue of $89.65 million for the quarter, compared to analyst estimates of $89.20 million. CONSOL Coal Resources had a return on equity of 24.27% and a net margin of 15.97%. On average, equities analysts forecast that CONSOL Coal Resources will post 1.83 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were issued a dividend of $0.512 per share. This represents a $2.05 annualized dividend and a dividend yield of 15.44%. The ex-dividend date was Wednesday, August 7th. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.

In other news, Director Consol Energy Inc. bought 9,803 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $13.16 per share, with a total value of $129,007.48.

Several hedge funds have recently bought and sold shares of CCR. Janney Montgomery Scott LLC acquired a new stake in shares of CONSOL Coal Resources during the second quarter worth approximately $170,000. Russell Investments Group Ltd. boosted its holdings in shares of CONSOL Coal Resources by 37.0% during the second quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock worth $185,000 after purchasing an additional 3,000 shares during the period. Advantage Investment Management LLC boosted its holdings in shares of CONSOL Coal Resources by 13.5% during the second quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock worth $265,000 after purchasing an additional 1,894 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of CONSOL Coal Resources during the second quarter worth approximately $269,000. Finally, Deutsche Bank AG boosted its holdings in shares of CONSOL Coal Resources by 10.7% during the fourth quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock worth $917,000 after purchasing an additional 5,407 shares during the period. Institutional investors and hedge funds own 22.43% of the company’s stock.

CCR has been the topic of several analyst reports. Seaport Global Securities set a $19.00 target price on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a research report on Wednesday, August 7th. B. Riley set a $17.00 target price on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine downgraded shares of CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Jefferies Financial Group downgraded shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating and dropped their target price for the stock from $20.00 to $16.00 in a research report on Tuesday, August 6th. Finally, Zacks Investment Research raised shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $18.20.

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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