By Lisa Matthews
October 2, 2018 - Equities research analysts predict that CONSOL Coal Resources LP (NYSE:CCR) will post $78.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for CONSOL Coal Resources’ earnings, with estimates ranging from $77.00 million to $80.30 million. CONSOL Coal Resources reported sales of $78.26 million during the same quarter last year, which indicates a positive year over year growth rate of 0.5%. The company is expected to announce its next earnings report on Monday, October 29th.
According to Zacks, analysts expect that CONSOL Coal Resources will report full year sales of $315.93 million for the current year, with estimates ranging from $266.50 million to $355.30 million. For the next fiscal year, analysts forecast that the firm will report sales of $337.80 million, with estimates ranging from $331.00 million to $344.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for CONSOL Coal Resources.
CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Thursday, August 2nd. The energy company reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.09. The company had revenue of $98.06 million for the quarter, compared to analyst estimates of $97.65 million. CONSOL Coal Resources had a net margin of 15.25% and a return on equity of 27.24%.
CCR has been the topic of a number of research reports. ValuEngine upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Clarkson Capital downgraded shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of CONSOL Coal Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 11th. Citigroup increased their price objective on shares of CONSOL Coal Resources from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, July 31st. Finally, TheStreet raised shares of CONSOL Coal Resources from a “c-” rating to a “b” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.80.
CONSOL Coal Resources stock opened at $17.95 on Monday. The company has a market cap of $493.93 million, a price-to-earnings ratio of 12.29 and a beta of 1.42. CONSOL Coal Resources has a 52-week low of $12.56 and a 52-week high of $19.16. The company has a current ratio of 0.61, a quick ratio of 0.44 and a debt-to-equity ratio of 0.74.
In other news, Director Consol Energy Inc. acquired 6,046 shares of the company’s stock in a transaction on Friday, September 14th. The shares were bought at an average cost of $17.94 per share, with a total value of $108,465.24. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders acquired 64,036 shares of company stock worth $1,139,845.
An institutional investor recently raised its position in CONSOL Coal Resources stock. Mountain Lake Investment Management LLC lifted its stake in CONSOL Coal Resources LP (NYSE:CCR) by 4.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,000 shares of the energy company’s stock after buying an additional 25,000 shares during the period. CONSOL Coal Resources makes up 4.2% of Mountain Lake Investment Management LLC’s investment portfolio, making the stock its 8th largest holding. Mountain Lake Investment Management LLC owned about 2.09% of CONSOL Coal Resources worth $8,021,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 23.63% of the company’s stock.