Jefferies Financial Group Weighs in on CONSOL Coal Resources LP’s FY2019 Earnings (CCR)

CONSOL Coal Resources LP (NYSE:CCR) – Investment analysts at Jefferies Financial Group reduced their FY2019 EPS estimates for shares of CONSOL Coal Resources in a research report issued to clients and investors on Wednesday, May 8th. Jefferies Financial Group analyst C. Lafemina now anticipates that the energy company will post earnings per share of $2.13 for the year, down from their previous estimate of $2.34.

CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Wednesday, May 8th. The energy company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.10. The company had revenue of $86.11 million during the quarter, compared to the consensus estimate of $87.25 million. CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%.

Separately, Zacks Investment Research raised CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, February 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.33.

NYSE CCR opened at $17.31 on Monday. The stock has a market capitalization of $479.12 million, a price-to-earnings ratio of 7.30 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.45. CONSOL Coal Resources has a 1-year low of $14.58 and a 1-year high of $21.13.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cypress Capital Management LLC WY grew its position in CONSOL Coal Resources by 170.6% in the 4th quarter. Cypress Capital Management LLC WY now owns 3,098 shares of the energy company’s stock valued at $51,000 after acquiring an additional 1,953 shares in the last quarter. Barclays PLC acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth about $34,000. State of Tennessee Treasury Department acquired a new position in shares of CONSOL Coal Resources during the first quarter worth about $62,000. Deutsche Bank AG grew its position in shares of CONSOL Coal Resources by 10.7% during the fourth quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock worth $917,000 after buying an additional 5,407 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth about $116,000. 22.75% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be given a $0.512 dividend. This represents a $2.05 annualized dividend and a yield of 11.83%. The ex-dividend date of this dividend is Monday, May 6th. CONSOL Coal Resources’s dividend payout ratio is currently 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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Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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