CONSOL Coal Resources (NYSE:CCR) Announces Earnings Results

CONSOL Coal Resources (NYSE:CCR) released its quarterly earnings results on Tuesday. The energy company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.11), Fidelity Earnings reports. CONSOL Coal Resources had a net margin of 15.38% and a return on equity of 23.40%. The firm had revenue of $77.38 million for the quarter, compared to the consensus estimate of $81.30 million.

NYSE CCR opened at $11.18 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.51 and a current ratio of 0.68. The firm has a 50-day simple moving average of $12.51 and a 200 day simple moving average of $14.75. CONSOL Coal Resources has a twelve month low of $10.37 and a twelve month high of $19.81. The stock has a market cap of $308.90 million, a PE ratio of 4.72 and a beta of 0.97.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a dividend yield of 18.34%. The ex-dividend date of this dividend is Thursday, November 7th. CONSOL Coal Resources’s payout ratio is presently 86.50%.

A number of research firms have issued reports on CCR. Shore Capital restated a “buy” rating on shares of CONSOL Coal Resources in a report on Tuesday, October 22nd. B. Riley set a $17.00 price target on shares of CONSOL Coal Resources and gave the company a “buy” rating in a report on Friday, October 25th. Zacks Investment Research cut shares of CONSOL Coal Resources from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 29th. Berenberg Bank restated a “sell” rating on shares of CONSOL Coal Resources in a report on Tuesday, October 22nd. Finally, Seaport Global Securities set a $19.00 price target on shares of CONSOL Coal Resources and gave the company a “buy” rating in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.00.

In related news, Director Consol Energy Inc. bought 9,803 shares of CONSOL Coal Resources stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $13.16 per share, for a total transaction of $129,007.48.

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: Diluted Earnings Per Share

Earnings History for CONSOL Coal Resources (NYSE:CCR)

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