CONSOL Coal Resources (NYSE:CCR) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.40.
CCR has been the topic of a number of research analyst reports. B. Riley decreased their target price on CONSOL Coal Resources from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Zacks Investment Research upgraded CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Tuesday, January 16th. TheStreet upgraded CONSOL Coal Resources from a “d” rating to a “c” rating in a research note on Tuesday, January 16th. ValuEngine lowered CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Citigroup decreased their target price on CONSOL Coal Resources from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 28th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Advantage Investment Management LLC bought a new position in CONSOL Coal Resources in the 4th quarter worth about $100,000. Geode Capital Management LLC bought a new position in CONSOL Coal Resources in the 4th quarter worth about $457,000. Edge Advisors LLC bought a new position in CONSOL Coal Resources in the 4th quarter worth about $704,000. Renaissance Technologies LLC purchased a new position in shares of CONSOL Coal Resources in the 4th quarter worth about $718,000. Finally, Deutsche Bank AG purchased a new position in shares of CONSOL Coal Resources in the 4th quarter worth about $804,000. Institutional investors and hedge funds own 24.08% of the company’s stock.
NYSE:CCR opened at $14.75 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.59 and a current ratio of 0.77. CONSOL Coal Resources has a 52-week low of $12.56 and a 52-week high of $17.55. The firm has a market cap of $404.50, a P/E ratio of 10.10 and a beta of 1.31.
CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data on Tuesday, February 6th. The energy company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. CONSOL Coal Resources had a return on equity of 21.19% and a net margin of 10.56%. The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $79.74 million. research analysts forecast that CONSOL Coal Resources will post 1.88 earnings per share for the current year.
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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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