CONSOL Coal Resources LP (NYSE:CCR) – Equities researchers at B. Riley dropped their Q2 2019 earnings per share estimates for shares of CONSOL Coal Resources in a research report issued to clients and investors on Wednesday, June 12th. B. Riley analyst L. Pipes now anticipates that the energy company will post earnings of $0.42 per share for the quarter, down from their prior estimate of $0.44. B. Riley also issued estimates for CONSOL Coal Resources’ FY2019 earnings at $1.75 EPS and FY2021 earnings at $1.10 EPS.
Separately, Zacks Investment Research downgraded CONSOL Coal Resources from a “buy” rating to a “hold” rating in a report on Wednesday, February 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $20.33.
NYSE:CCR opened at $15.86 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The stock has a market cap of $431.89 million, a P/E ratio of 6.69 and a beta of 0.99. CONSOL Coal Resources has a 52-week low of $14.58 and a 52-week high of $21.13.
CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.10. The business had revenue of $86.11 million during the quarter, compared to the consensus estimate of $87.25 million. CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were issued a dividend of $0.512 per share. The ex-dividend date was Monday, May 6th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 12.91%. CONSOL Coal Resources’s payout ratio is presently 86.50%.
In other news, Director Consol Energy Inc. acquired 6,884 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $17.32 per share, for a total transaction of $119,230.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC acquired a new position in CONSOL Coal Resources during the fourth quarter valued at approximately $34,000. State of Tennessee Treasury Department acquired a new position in CONSOL Coal Resources during the first quarter valued at approximately $62,000. Macquarie Group Ltd. acquired a new position in CONSOL Coal Resources during the fourth quarter valued at approximately $116,000. Acadian Asset Management LLC acquired a new position in CONSOL Coal Resources during the fourth quarter valued at approximately $176,000. Finally, Advantage Investment Management LLC boosted its position in CONSOL Coal Resources by 29.7% during the first quarter. Advantage Investment Management LLC now owns 13,981 shares of the energy company’s stock valued at $247,000 after purchasing an additional 3,201 shares during the last quarter. 22.18% of the stock is owned by hedge funds and other institutional investors.
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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