CONSOL Coal Resources LP (NYSE:CCR) – Stock analysts at Jefferies Financial Group dropped their FY2020 earnings estimates for shares of CONSOL Coal Resources in a research note issued on Wednesday, December 11th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will earn $1.23 per share for the year, down from their prior forecast of $1.73. Jefferies Financial Group also issued estimates for CONSOL Coal Resources’ FY2021 earnings at $1.04 EPS.
CCR has been the topic of several other reports. Clarkson Capital reaffirmed a “neutral” rating on shares of CONSOL Coal Resources in a research note on Monday, September 23rd. Zacks Investment Research downgraded shares of CONSOL Coal Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 29th. B. Riley set a $17.00 price objective on shares of CONSOL Coal Resources and gave the company a “buy” rating in a research report on Friday, October 25th. ValuEngine raised shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded shares of CONSOL Coal Resources from a “b-” rating to a “c+” rating in a research report on Friday, September 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $18.00.
CCR traded up $0.18 during trading hours on Friday, hitting $10.05. 68,235 shares of the company’s stock were exchanged, compared to its average volume of 70,530. CONSOL Coal Resources has a 12-month low of $8.05 and a 12-month high of $19.47. The firm has a 50 day moving average of $9.43 and a 200 day moving average of $12.73. The firm has a market cap of $272.73 million, a P/E ratio of 4.24 and a beta of 0.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 0.91.
CONSOL Coal Resources (NYSE:CCR) last announced its earnings results on Tuesday, November 5th. The energy company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.11). CONSOL Coal Resources had a return on equity of 23.58% and a net margin of 15.38%. The business had revenue of $77.38 million for the quarter, compared to analysts’ expectations of $81.30 million.
Several large investors have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new position in shares of CONSOL Coal Resources in the 2nd quarter valued at $170,000. Russell Investments Group Ltd. grew its position 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 during the last quarter. Advantage Investment Management LLC grew 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 buying an additional 2,247 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of CONSOL Coal Resources in the 2nd quarter valued at $269,000. Finally, Raffles Associates LP grew its position in shares of CONSOL Coal Resources by 15.9% in the 3rd quarter. Raffles Associates LP now owns 40,746 shares of the energy company’s stock valued at $550,000 after buying an additional 5,600 shares during the last quarter. 21.92% of the stock is currently owned by institutional investors.
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.
