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

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

Separately, Zacks Research lowered Cool from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st.

Cool Price Performance

Shares of CLCO stock opened at $9.67 on Friday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 1.68. Cool has a 12-month low of $4.51 and a 12-month high of $10.00. The firm has a fifty day moving average of $9.73 and a 200-day moving average of $9.02. The firm has a market capitalization of $519.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.69.

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

Institutional Investors Weigh In On Cool

A hedge fund recently raised its stake in Cool stock. Donald Smith & CO. Inc. boosted its stake in Cool Company Ltd. (NYSE:CLCO) by 3.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,564,815 shares of the company’s stock after acquiring an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned 6.64% of Cool worth $23,884,000 as of its most recent SEC filing. 20.66% of the stock is currently owned by institutional investors and hedge funds.

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.