ValuEngine Lowers CONSOL Coal Resources (CCR) to Sell

ValuEngine downgraded shares of CONSOL Coal Resources (NYSE:CCR) from a hold rating to a sell rating in a research note issued to investors on Tuesday.

A number of other brokerages have also weighed in on CCR. Zacks Investment Research raised CONSOL Coal Resources from a strong sell rating to a hold rating in a research report on Wednesday, April 4th. Citigroup decreased their target price on CONSOL Coal Resources from $16.00 to $15.00 and set a neutral rating for the company in a research report on Wednesday, March 28th. Finally, B. Riley decreased their target price on CONSOL Coal Resources from $24.00 to $21.00 and set a buy rating for the company in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. CONSOL Coal Resources currently has a consensus rating of Hold and a consensus target price of $20.00.

Shares of CONSOL Coal Resources opened at $15.65 on Tuesday, MarketBeat.com reports. CONSOL Coal Resources has a fifty-two week low of $12.56 and a fifty-two week high of $16.95. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $425.14 million, a price-to-earnings ratio of 8.93 and a beta of 1.29.



CONSOL Coal Resources (NYSE:CCR) last issued its earnings results on Thursday, May 3rd. The energy company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.35. CONSOL Coal Resources had a return on equity of 24.61% and a net margin of 13.08%. The business had revenue of $94.50 million during the quarter, compared to analyst estimates of $83.50 million. sell-side analysts forecast that CONSOL Coal Resources will post 1.92 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were paid a dividend of $0.512 per share. The ex-dividend date was Monday, May 7th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 13.09%. CONSOL Coal Resources’s dividend payout ratio (DPR) is presently 140.41%.

Large investors have recently made changes to their positions in the stock. Advantage Investment Management LLC bought a new position in shares of CONSOL Coal Resources during the 4th quarter valued at approximately $100,000. Geode Capital Management LLC bought a new position in shares of CONSOL Coal Resources during the 4th quarter valued at approximately $457,000. Wells Fargo & Company MN grew its stake in shares of CONSOL Coal Resources by 32,465.3% during the 1st quarter. Wells Fargo & Company MN now owns 32,891 shares of the energy company’s stock valued at $458,000 after acquiring an additional 32,790 shares during the period. Edge Advisors LLC bought a new position in shares of CONSOL Coal Resources during the 4th quarter valued at approximately $704,000. Finally, Renaissance Technologies LLC bought a new position in shares of CONSOL Coal Resources during the 4th quarter valued at approximately $718,000. Institutional investors own 23.62% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CONSOL Coal Resources (NYSE:CCR)

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