CONSOL Coal Resources LP (NYSE:CCR) – Investment analysts at B. Riley reduced their FY2019 earnings per share estimates for shares of CONSOL Coal Resources in a note issued to investors on Monday, February 11th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $1.69 per share for the year, down from their prior estimate of $1.94. B. Riley also issued estimates for CONSOL Coal Resources’ Q4 2019 earnings at $0.46 EPS, FY2020 earnings at $1.77 EPS and FY2021 earnings at $1.77 EPS.
Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Thursday, December 13th. Citigroup lifted their price objective on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Finally, ValuEngine lowered shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $20.00.
NYSE:CCR opened at $17.65 on Tuesday. CONSOL Coal Resources has a 52 week low of $13.40 and a 52 week high of $21.13. The stock has a market cap of $478.05 million, a P/E ratio of 7.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.44 and a current ratio of 0.63.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, February 7th will be paid a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 11.61%. The ex-dividend date of this dividend is Wednesday, February 6th. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.
A number of institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in CONSOL Coal Resources in the 4th quarter valued at about $176,000. Cypress Capital Management LLC WY raised its stake 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 during the period. Renaissance Technologies LLC bought a new stake in CONSOL Coal Resources in the 3rd quarter valued at about $906,000. Finally, Credit Suisse AG raised its stake in CONSOL Coal Resources by 3.1% in the 3rd quarter. Credit Suisse AG now owns 94,500 shares of the energy company’s stock valued at $1,696,000 after acquiring an additional 2,805 shares during the period. Institutional investors and hedge funds own 23.40% 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.
Read More: What is a Futures Contract?
Receive News & Ratings for CONSOL Coal Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Coal Resources and related companies with MarketBeat.com's FREE daily email newsletter.