CONSOL Coal Resources LP (NYSE:CCR) Expected to Post Quarterly Sales of $81.35 Million

Brokerages expect CONSOL Coal Resources LP (NYSE:CCR) to announce $81.35 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for CONSOL Coal Resources’ earnings, with estimates ranging from $80.30 million to $82.40 million. CONSOL Coal Resources reported sales of $75.31 million in the same quarter last year, which indicates a positive year over year growth rate of 8%. The company is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, November 5th.

On average, analysts expect that CONSOL Coal Resources will report full-year sales of $342.20 million for the current fiscal year, with estimates ranging from $341.50 million to $342.90 million. For the next financial year, analysts anticipate that the firm will post sales of $335.00 million, with estimates ranging from $333.30 million to $336.70 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for CONSOL Coal Resources.

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CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.01). The firm had revenue of $89.65 million during the quarter, compared to the consensus estimate of $89.20 million. CONSOL Coal Resources had a net margin of 15.97% and a return on equity of 24.27%.

Several equities analysts recently issued reports on the company. Jefferies Financial Group cut CONSOL Coal Resources from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.00 to $16.00 in a report on Tuesday, August 6th. Clarkson Capital reiterated a “neutral” rating on shares of CONSOL Coal Resources in a report on Monday, September 23rd. B. Riley set a $17.00 price target on CONSOL Coal Resources and gave the company a “buy” rating in a report on Wednesday, August 7th. Shore Capital reiterated a “buy” rating on shares of CONSOL Coal Resources in a report on Tuesday. Finally, Berenberg Bank reiterated a “sell” rating on shares of CONSOL Coal Resources in a report on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. CONSOL Coal Resources presently has a consensus rating of “Hold” and a consensus target price of $18.20.

CONSOL Coal Resources stock traded down $0.11 during mid-day trading on Monday, hitting $12.45. The stock had a trading volume of 24,040 shares, compared to its average volume of 28,495. The stock has a 50-day simple moving average of $12.95 and a two-hundred day simple moving average of $15.18. The stock has a market capitalization of $347.03 million, a PE ratio of 5.25 and a beta of 1.01. CONSOL Coal Resources has a 12 month low of $12.00 and a 12 month 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.

In related news, Director Consol Energy Inc. bought 9,610 shares of CONSOL Coal Resources stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $12.52 per share, for a total transaction of $120,317.20. Following the completion of the acquisition, the director now owns 16,796,894 shares in the company, valued at $210,297,112.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Virtus ETF Advisers LLC acquired a new stake in shares of CONSOL Coal Resources during the second quarter worth about $2,432,000. Advantage Investment Management LLC raised its position in shares of CONSOL Coal Resources by 14.2% during the third quarter. Advantage Investment Management LLC now owns 18,122 shares of the energy company’s stock worth $245,000 after purchasing an additional 2,247 shares during the period. Parametric Portfolio Associates LLC acquired a new stake in shares of CONSOL Coal Resources during the second quarter worth about $269,000. Russell Investments Group Ltd. raised its position in shares of CONSOL Coal Resources by 37.0% during the second 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. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of CONSOL Coal Resources during the second quarter worth about $170,000. Hedge funds and other institutional investors own 22.44% of the company’s stock.

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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