Short Interest in CONSOL Coal Resources LP (NYSE:CCR) Rises By 22.3%

CONSOL Coal Resources LP (NYSE:CCR) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 24,100 shares, a growth of 22.3% from the July 31st total of 19,700 shares. Based on an average daily volume of 27,000 shares, the short-interest ratio is currently 0.9 days. Approximately 0.2% of the company’s shares are short sold.

In related news, Director Consol Energy Inc. acquired 9,803 shares of the stock in a transaction dated Friday, September 6th. The stock was acquired at an average cost of $13.16 per share, with a total value of $129,007.48.

Several hedge funds have recently modified their holdings of CCR. Virtus ETF Advisers LLC bought a new stake in shares of CONSOL Coal Resources during the 2nd quarter worth approximately $2,432,000. Parametric Portfolio Associates LLC purchased a new position in CONSOL Coal Resources during the 2nd quarter worth $269,000. Janney Montgomery Scott LLC purchased a new position in CONSOL Coal Resources during the 2nd quarter worth $170,000. Deutsche Bank AG increased its holdings in CONSOL Coal Resources by 10.7% during the 4th quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock worth $917,000 after purchasing an additional 5,407 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in CONSOL Coal Resources by 37.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock worth $185,000 after purchasing an additional 3,000 shares during the period. 22.43% of the stock is owned by hedge funds and other institutional investors.



Several equities research analysts have recently issued reports on the company. ValuEngine lowered CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Zacks Investment Research raised CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. B. Riley set a $17.00 price objective on CONSOL Coal Resources and gave the company a “buy” rating in a research note on Wednesday, August 7th. Seaport Global Securities set a $19.00 price objective on CONSOL Coal Resources and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group lowered CONSOL Coal Resources from a “buy” rating to a “hold” rating and lowered their price objective for the company from $20.00 to $16.00 in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.20.

Shares of CCR stock traded down $0.25 on Thursday, reaching $13.16. 16,442 shares of the company’s stock were exchanged, compared to its average volume of 28,248. CONSOL Coal Resources has a 52 week low of $12.30 and a 52 week high of $21.13. The company has a current ratio of 0.68, a quick ratio of 0.51 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $367.96 million, a PE ratio of 5.55 and a beta of 1.01. The company’s fifty day simple moving average is $13.91 and its 200 day simple moving average is $16.20.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). CONSOL Coal Resources had a return on equity of 24.27% and a net margin of 15.97%. The business had revenue of $89.65 million for the quarter, compared to the consensus estimate of $89.20 million. As a group, sell-side analysts predict that CONSOL Coal Resources will post 1.83 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 8th were paid a dividend of $0.512 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 15.56%. The ex-dividend date of this dividend was Wednesday, August 7th. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.

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.

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