Cool Company Ltd. (NYSE:CLCO) Given Average Recommendation of “Reduce” by Analysts

Cool Company Ltd. (NYSE:CLCO) has been assigned a consensus recommendation of “Reduce” from the four analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company.

Several research firms recently commented on CLCO. Zacks Research downgraded Cool from a “hold” rating to a “strong sell” rating in a research note on Friday, November 21st. Wall Street Zen lowered Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cool in a research note on Wednesday, October 8th. Finally, B. Riley lowered Cool from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th.

Cool Price Performance

CLCO opened at $9.83 on Friday. The firm has a market cap of $527.60 million, a P/E ratio of 16.38 and a beta of 0.69. The firm has a 50-day moving average of $9.73 and a 200 day moving average of $8.33. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.79. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $9.86.

Cool (NYSE:CLCO) last released its earnings results on Thursday, November 20th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Cool had a net margin of 17.45% and a return on equity of 7.94%. The firm had revenue of $86.31 million for the quarter, compared to analysts’ expectations of $84.71 million. On average, research analysts expect that Cool will post 1.68 EPS for the current year.

Hedge Funds Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. grew its stake in Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,564,815 shares of the company’s stock after buying an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned approximately 6.64% of Cool worth $23,884,000 at the end of the most recent reporting period. 20.66% of the stock is owned by institutional investors.

Cool Company Profile

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties. The company was founded in 1970 and is based in London, the United Kingdom.