CONSOL Coal Resources LP (NYSE:CCR) – Equities research analysts at B. Riley cut their Q3 2019 earnings estimates for shares of CONSOL Coal Resources in a research report issued to clients and investors on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.40. B. Riley also issued estimates for CONSOL Coal Resources’ Q4 2019 earnings at $0.40 EPS and FY2020 earnings at $1.41 EPS.
Separately, Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Wednesday, February 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.33.
NYSE:CCR opened at $15.63 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.46. CONSOL Coal Resources has a 1 year low of $14.58 and a 1 year high of $21.13. The company has a market capitalization of $436.59 million, a PE ratio of 7.42 and a beta of 0.99.
CONSOL Coal Resources (NYSE:CCR) last posted its earnings results on Wednesday, May 8th. The energy company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.10. CONSOL Coal Resources had a net margin of 16.99% and a return on equity of 26.44%. The company had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $87.25 million.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were given a $0.512 dividend. This represents a $2.05 annualized dividend and a yield of 13.10%. The ex-dividend date was Monday, May 6th. CONSOL Coal Resources’s dividend payout ratio (DPR) is presently 86.50%.
In related news, Director Consol Energy Inc. acquired 6,884 shares of the company’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average price of $17.32 per share, for a total transaction of $119,230.88. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
A number of hedge funds have recently bought and sold shares of CCR. Barclays PLC acquired a new stake in CONSOL Coal Resources during the 4th quarter worth $34,000. Cypress Capital Management LLC WY grew its holdings in CONSOL Coal Resources by 170.6% during the 4th quarter. Cypress Capital Management LLC WY now owns 3,098 shares of the energy company’s stock worth $51,000 after acquiring an additional 1,953 shares during the period. State of Tennessee Treasury Department acquired a new stake in CONSOL Coal Resources during the 1st quarter worth $62,000. Macquarie Group Ltd. acquired a new stake in CONSOL Coal Resources during the 4th quarter worth $116,000. Finally, Acadian Asset Management LLC acquired a new stake in CONSOL Coal Resources during the 4th quarter worth $176,000. Hedge funds and other institutional investors own 22.18% 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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