October 8, 2018 - CONSOL Coal Resources (NYSE:CCR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, September 26th. The firm currently has a $20.00 price objective on the energy company’s stock. Zacks Investment Research‘s price target indicates a potential upside of 4.44% from the stock’s previous close.
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 issued reports on CCR. ValuEngine lowered CONSOL Coal Resources from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. B. Riley upped their target price on CONSOL Coal Resources from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. TheStreet raised CONSOL Coal Resources from a “c-” rating to a “b” rating in a report on Monday, July 2nd. Citigroup increased their price objective on CONSOL Coal Resources from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, July 31st. Finally, Clarkson Capital lowered CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $20.80.
CCR stock traded up $0.20 during trading on Wednesday, reaching $19.15. 35,594 shares of the stock were exchanged, compared to its average volume of 28,497. CONSOL Coal Resources has a twelve month low of $12.56 and a twelve month high of $19.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.44 and a current ratio of 0.61. The company has a market cap of $493.93 million, a P/E ratio of 13.12 and a beta of 1.42.
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, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $98.06 million during the quarter, compared to analyst estimates of $97.65 million. CONSOL Coal Resources had a return on equity of 27.24% and a net margin of 15.25%. Equities analysts predict that CONSOL Coal Resources will post 2.3 earnings per share for the current year.
In related news, Director Consol Energy Inc. bought 5,036 shares of the company’s stock in a transaction on Thursday, October 4th. The shares were purchased at an average price of $18.94 per share, for a total transaction of $95,381.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last 90 days, insiders have acquired 95,772 shares of company stock worth $1,720,963.
An institutional investor recently raised its position in CONSOL Coal Resources stock. Wells Fargo & Company MN grew its stake in shares of CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,891 shares of the energy company’s stock after acquiring an additional 32,790 shares during the period. Wells Fargo & Company MN owned 0.12% of CONSOL Coal Resources worth $458,000 at the end of the most recent reporting period. Institutional investors own 23.63% of the company’s stock.