B. Riley set a $17.00 target price on CONSOL Coal Resources (NYSE:CCR) in a research report report published on Friday, TipRanks reports. The brokerage currently has a buy rating on the energy company’s stock.
CCR has been the topic of several other reports. Zacks Investment Research raised shares of CONSOL Coal Resources from a sell rating to a hold rating in a research note on Tuesday, August 13th. Jefferies Financial Group downgraded shares of CONSOL Coal Resources from a buy rating to a hold rating and cut their target price for the stock from $20.00 to $16.00 in a research note on Tuesday, August 6th. TheStreet downgraded shares of CONSOL Coal Resources from a b- rating to a c+ rating in a research report on Friday, September 27th. Clarkson Capital reissued a neutral rating on shares of CONSOL Coal Resources in a research report on Monday, September 23rd. Finally, Seaport Global Securities set a $19.00 price objective on shares of CONSOL Coal Resources and gave the company a buy rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $18.20.
Shares of CCR opened at $12.08 on Friday. CONSOL Coal Resources has a fifty-two week low of $12.00 and a fifty-two week high of $21.13. The firm’s 50 day moving average price is $12.89 and its 200 day moving average price is $15.07. The company has a market cap of $334.35 million, a P/E ratio of 5.10 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 0.68 and a debt-to-equity ratio of 0.81.
CONSOL Coal Resources (NYSE:CCR) last announced its earnings results on Tuesday, August 6th. The energy company reported $0.51 earnings per share for the quarter, missing the 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 business had revenue of $89.65 million for the quarter, compared to analysts’ expectations of $89.20 million. Research analysts forecast that CONSOL Coal Resources will post 1.79 earnings per share for the current year.
In other news, Director Consol Energy Inc. acquired 9,610 shares of the company’s stock in a transaction on Wednesday, August 28th. The shares were bought at an average cost of $12.52 per share, with a total value of $120,317.20. Following the transaction, the director now owns 16,796,894 shares in the company, valued at approximately $210,297,112.88. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Several large investors have recently made changes to their positions in the business. Advantage Investment Management LLC increased its position in shares of CONSOL Coal Resources by 14.2% in the 3rd 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 last quarter. Virtus ETF Advisers LLC purchased a new stake in shares of CONSOL Coal Resources in the 2nd quarter valued at approximately $2,432,000. Parametric Portfolio Associates LLC acquired a new position in shares of CONSOL Coal Resources in the 2nd quarter valued at $269,000. Russell Investments Group Ltd. boosted its holdings in shares of CONSOL Coal Resources by 37.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock valued at $185,000 after buying an additional 3,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of CONSOL Coal Resources in the 2nd quarter valued at $170,000. 22.44% of the stock is currently owned by institutional investors.
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.
Further Reading: Price to Earnings Ratio (PE) Basics
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