Zacks Investment Research upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a hold rating to a buy rating in a report published on Wednesday morning. They currently have $19.00 price target 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 commented on the stock. ValuEngine raised shares of CONSOL Coal Resources from a hold rating to a buy rating in a research note on Tuesday, September 4th. Citigroup boosted their price objective on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the company a neutral rating in a research note on Friday, November 2nd. Finally, Clarkson Capital cut shares of CONSOL Coal Resources from a buy rating to a neutral rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CONSOL Coal Resources has an average rating of Hold and a consensus price target of $20.00.
Shares of NYSE:CCR opened at $17.46 on Wednesday. The company has a market cap of $480.53 million, a P/E ratio of 7.73 and a beta of 0.96. CONSOL Coal Resources has a 12 month low of $13.40 and a 12 month high of $21.13. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.63 and a quick ratio of 0.44.
CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings data on Thursday, November 1st. The energy company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $75.31 million for the quarter, compared to analysts’ expectations of $78.65 million. CONSOL Coal Resources had a net margin of 17.42% and a return on equity of 28.19%. As a group, equities research analysts anticipate that CONSOL Coal Resources will post 2.25 earnings per share for the current year.
In other news, Director Consol Energy Inc. acquired 8,400 shares of CONSOL Coal Resources stock in a transaction that occurred on Thursday, September 20th. The stock was bought at an average price of $17.89 per share, with a total value of $150,276.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have purchased 140,972 shares of company stock valued at $2,590,111.
A hedge fund recently raised its stake in CONSOL Coal Resources stock. Credit Suisse AG grew its stake in CONSOL Coal Resources LP (NYSE:CCR) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,500 shares of the energy company’s stock after buying an additional 2,805 shares during the period. Credit Suisse AG owned approximately 0.34% of CONSOL Coal Resources worth $1,696,000 at the end of the most recent reporting period. 23.56% 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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