Zacks Investment Research upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a hold rating to a buy rating in a research report released on Monday morning. The brokerage currently has $19.00 target price on the energy company’s stock.
According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “
Several other equities analysts have also recently issued reports on CCR. Clarkson Capital cut shares of CONSOL Coal Resources from a buy rating to a neutral rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Citigroup boosted their price target on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the company a neutral rating in a research report on Friday, November 2nd. Finally, ValuEngine cut shares of CONSOL Coal Resources from a buy rating to a hold rating in a research report on Thursday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $20.00.
Shares of NYSE:CCR remained flat at $$17.47 during midday trading on Monday. 2,579 shares of the stock traded hands, compared to its average volume of 33,585. The company has a market capitalization of $485.76 million, a P/E ratio of 11.97 and a beta of 0.95. 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 52-week low of $13.40 and a 52-week high of $21.13.
CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings results on Thursday, November 1st. The energy company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $75.31 million for the quarter, compared to analysts’ expectations of $78.65 million. As a group, equities research analysts expect that CONSOL Coal Resources will post 2.25 earnings per share for the current fiscal year.
In other CONSOL Coal Resources news, Director Consol Energy Inc. acquired 8,895 shares of the business’s stock in a transaction on Monday, October 15th. The shares were acquired at an average price of $18.46 per share, for a total transaction of $164,201.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased 40,936 shares of company stock worth $769,238 in the last quarter.
An institutional investor recently raised its position in CONSOL Coal Resources stock. Credit Suisse AG boosted its holdings in CONSOL Coal Resources LP (NYSE:CCR) by 3.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 94,500 shares of the energy company’s stock after purchasing an additional 2,805 shares during the quarter. Credit Suisse AG owned about 0.34% of CONSOL Coal Resources worth $1,696,000 at the end of the most recent quarter. 23.40% of the stock is currently owned by institutional investors and hedge funds.
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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