Short Interest in CONSOL Coal Resources LP (NYSE:CCR) Grows By 41.5%

CONSOL Coal Resources LP (NYSE:CCR) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totalling 25,900 shares, an increase of 41.5% from the August 30th total of 18,300 shares. Based on an average trading volume of 31,600 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold.

Several research firms have recently weighed in on CCR. Zacks Investment Research upgraded CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. B. Riley set a $17.00 target price on CONSOL Coal Resources and gave the company a “buy” rating in a research report on Wednesday, August 7th. Clarkson Capital restated a “neutral” rating on shares of CONSOL Coal Resources in a research report on Monday, September 23rd. ValuEngine upgraded CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded CONSOL Coal Resources from a “b-” rating to a “c+” rating in a research report on Friday, September 27th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.20.

CONSOL Coal Resources stock traded up $0.13 during trading on Monday, reaching $12.43. 36,069 shares of the company were exchanged, compared to its average volume of 27,450. CONSOL Coal Resources has a 52-week low of $12.30 and a 52-week high of $21.13. The company has a market capitalization of $348.44 million, a P/E ratio of 5.24 and a beta of 1.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.68 and a quick ratio of 0.51. The stock’s 50 day simple moving average is $13.11 and its two-hundred day simple moving average is $15.51.

CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). CONSOL Coal Resources had a return on equity of 24.27% and a net margin of 15.97%. The company had revenue of $89.65 million for the quarter, compared to analysts’ expectations of $89.20 million. As a group, equities analysts forecast that CONSOL Coal Resources will post 1.79 earnings per share for the current year.

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

A number of large investors have recently bought and sold shares of the business. Advantage Investment Management LLC raised its position in CONSOL Coal Resources by 14.2% in the third quarter. Advantage Investment Management LLC now owns 18,122 shares of the energy company’s stock valued at $245,000 after purchasing an additional 2,247 shares during the period. Virtus ETF Advisers LLC purchased a new stake in CONSOL Coal Resources in the second quarter valued at $2,432,000. Parametric Portfolio Associates LLC purchased a new stake in CONSOL Coal Resources in the second quarter valued at $269,000. Russell Investments Group Ltd. raised its position in CONSOL Coal Resources by 37.0% in the second quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock valued at $185,000 after purchasing an additional 3,000 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in CONSOL Coal Resources in the second quarter valued at $170,000. Institutional investors own 22.44% of the company’s stock.

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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