Wall Street brokerages predict that CONSOL Coal Resources LP (NYSE:CCR) will post $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CONSOL Coal Resources’ earnings. The highest EPS estimate is $0.49 and the lowest is $0.46. CONSOL Coal Resources also posted earnings of $0.48 per share in the same quarter last year. The firm is expected to issue its next earnings results on Tuesday, February 5th.
On average, analysts expect that CONSOL Coal Resources will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.20 to $2.72. For the next fiscal year, analysts anticipate that the business will post earnings of $2.28 per share, with EPS estimates ranging from $1.95 to $2.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow CONSOL Coal Resources.
CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data on Thursday, November 1st. The energy company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $75.31 million during the quarter, compared to the consensus estimate of $78.65 million. CONSOL Coal Resources had a net margin of 17.42% and a return on equity of 28.19%.
A number of equities analysts have commented on CCR shares. ValuEngine upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Clarkson Capital downgraded shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Wednesday, September 26th. Finally, Citigroup boosted their target price on shares of CONSOL Coal Resources from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $20.33.
In other news, Director Consol Energy Inc. bought 13,890 shares of CONSOL Coal Resources stock in a transaction on Wednesday, September 12th. The stock was acquired at an average cost of $17.48 per share, for a total transaction of $242,797.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired 160,908 shares of company stock valued at $2,941,373 over the last quarter.
A hedge fund recently raised its stake in CONSOL Coal Resources stock. Wells Fargo & Company MN lifted its holdings in shares of CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,891 shares of the energy company’s stock after acquiring an additional 32,790 shares during the period. Wells Fargo & Company MN owned approximately 0.12% of CONSOL Coal Resources worth $458,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.63% of the company’s stock.
Shares of CONSOL Coal Resources stock opened at $18.82 on Friday. The stock has a market capitalization of $539.33 million, a price-to-earnings ratio of 12.89 and a beta of 1.01. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.78. CONSOL Coal Resources has a one year low of $12.56 and a one year high of $21.13.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 8th will be issued a $0.5125 dividend. The ex-dividend date is Wednesday, November 7th. This represents a $2.05 dividend on an annualized basis and a yield of 10.89%. CONSOL Coal Resources’s dividend payout ratio is presently 140.41%.
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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