CONSOL Coal Resources (NYSE:CCR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “
Several other equities analysts also recently commented on CCR. BidaskClub downgraded shares of CONSOL Coal Resources from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. TheStreet downgraded shares of CONSOL Coal Resources from a “c” rating to a “d” rating in a research note on Wednesday, November 29th. ValuEngine raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Finally, B. Riley dropped their price objective on shares of CONSOL Coal Resources from $24.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $20.17.
CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.03. CONSOL Coal Resources had a net margin of 10.56% and a return on equity of 21.19%. The company had revenue of $78.77 million during the quarter, compared to the consensus estimate of $79.74 million. equities research analysts forecast that CONSOL Coal Resources will post 1.84 EPS for the current year.
A number of large investors have recently modified their holdings of CCR. Advantage Investment Management LLC bought a new position in CONSOL Coal Resources in the 4th quarter valued at approximately $100,000. Geode Capital Management LLC bought a new position in CONSOL Coal Resources in the 4th quarter valued at approximately $457,000. Edge Advisors LLC bought a new position in CONSOL Coal Resources in the 4th quarter valued at approximately $704,000. Renaissance Technologies LLC bought a new position in CONSOL Coal Resources in the 4th quarter valued at approximately $718,000. Finally, Deutsche Bank AG bought a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $804,000. 24.14% of the stock is owned by institutional investors and hedge funds.
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CONSOL Coal Resources Company Profile
Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.
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