Shares of CONSOL Coal Resources LP (NYSE:CCR) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $20.50.
Several analysts recently weighed in on CCR shares. Zacks Investment Research raised CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Monday, January 7th. ValuEngine lowered CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th.
A number of large investors have recently added to or reduced their stakes in the stock. Credit Suisse AG boosted its stake in shares of CONSOL Coal Resources by 3.1% during the third quarter. Credit Suisse AG now owns 94,500 shares of the energy company’s stock valued at $1,696,000 after purchasing an additional 2,805 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of CONSOL Coal Resources during the third quarter valued at about $906,000. Cypress Capital Management LLC WY boosted its stake in shares of CONSOL Coal Resources by 170.6% during the fourth quarter. Cypress Capital Management LLC WY now owns 3,098 shares of the energy company’s stock valued at $51,000 after purchasing an additional 1,953 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $176,000. Finally, Geode Capital Management LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $611,000. 22.76% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Thursday, February 7th were paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 11.62%. The ex-dividend date was Wednesday, February 6th. CONSOL Coal Resources’s dividend payout ratio (DPR) is presently 86.50%.
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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