Research Analysts Set Expectations for CONSOL Coal Resources LP’s FY2019 Earnings (NYSE:CCR)

CONSOL Coal Resources LP (NYSE:CCR) – Investment analysts at Seaport Global Securities dropped their FY2019 earnings per share (EPS) estimates for shares of CONSOL Coal Resources in a report issued on Tuesday, November 5th. Seaport Global Securities analyst M. Levin now expects that the energy company will post earnings of $1.72 per share for the year, down from their prior forecast of $1.80. Seaport Global Securities currently has a “Buy” rating and a $19.00 target price on the stock. Seaport Global Securities also issued estimates for CONSOL Coal Resources’ Q4 2019 earnings at $0.41 EPS, FY2020 earnings at $1.25 EPS and FY2021 earnings at $0.34 EPS.

CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings data on Tuesday, November 5th. The energy company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.11). CONSOL Coal Resources had a return on equity of 23.40% and a net margin of 15.38%. The business had revenue of $77.38 million during the quarter, compared to the consensus estimate of $81.30 million.

A number of other analysts have also commented on CCR. ValuEngine raised CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet lowered CONSOL Coal Resources from a “b-” rating to a “c+” rating in a report on Friday, September 27th. B. Riley set a $17.00 price objective on CONSOL Coal Resources and gave the stock a “buy” rating in a report on Friday, October 25th. Shore Capital reissued a “buy” rating on shares of CONSOL Coal Resources in a report on Tuesday, October 22nd. Finally, Clarkson Capital reissued a “neutral” rating on shares of CONSOL Coal Resources in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.00.

CONSOL Coal Resources stock traded down $0.16 during midday trading on Friday, reaching $11.01. The stock had a trading volume of 47,576 shares, compared to its average volume of 54,535. CONSOL Coal Resources has a 12 month low of $10.37 and a 12 month high of $19.81. The company has a market capitalization of $308.90 million, a P/E ratio of 4.65 and a beta of 0.97. The company has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $14.75. The company has a current ratio of 0.68, a quick ratio of 0.51 and a debt-to-equity ratio of 0.81.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 11th will be issued a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 18.62%. The ex-dividend date is Thursday, November 7th. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.

In related news, Director Consol Energy Inc. acquired 9,610 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average cost of $12.52 per share, with a total value of $120,317.20. Following the acquisition, the director now owns 16,796,894 shares of the company’s stock, valued at approximately $210,297,112.88. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new position in shares of CONSOL Coal Resources in the 2nd quarter worth approximately $170,000. Russell Investments Group Ltd. boosted its stake in shares of CONSOL Coal Resources by 37.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock worth $185,000 after buying an additional 3,000 shares during the last quarter. Advantage Investment Management LLC boosted its stake in shares of CONSOL Coal Resources by 13.5% in the 2nd quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock worth $265,000 after buying an additional 1,894 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of CONSOL Coal Resources in the 2nd quarter worth approximately $269,000. Finally, Virtus ETF Advisers LLC purchased a new position in shares of CONSOL Coal Resources in the 2nd quarter worth approximately $2,432,000. Hedge funds and other institutional investors own 22.44% of the company’s stock.

About CONSOL Coal Resources

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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Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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