Shares of CONSOL Coal Resources LP (NYSE:CCR) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.05.
Several equities analysts have weighed in on the company. TheStreet lowered CONSOL Coal Resources from a “c” rating to a “d+” rating in a report on Monday, May 18th. ValuEngine upgraded CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Zacks Investment Research downgraded CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, July 14th.
Several large investors have recently bought and sold shares of CCR. DAVENPORT & Co LLC raised its position in shares of CONSOL Coal Resources by 16.3% in the second quarter. DAVENPORT & Co LLC now owns 28,553 shares of the energy company’s stock worth $117,000 after buying an additional 4,000 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of CONSOL Coal Resources in the fourth quarter worth $189,000. Finally, Bank of America Corp DE raised its position in shares of CONSOL Coal Resources by 112.2% in the fourth quarter. Bank of America Corp DE now owns 42,831 shares of the energy company’s stock worth $403,000 after buying an additional 22,651 shares in the last quarter. Hedge funds and other institutional investors own 20.37% of the company’s stock.
CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings data on Monday, May 11th. The energy company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). CONSOL Coal Resources had a net margin of 9.58% and a return on equity of 14.12%. The firm had revenue of $67.37 million for the quarter, compared to the consensus estimate of $71.30 million. As a group, research analysts predict that CONSOL Coal Resources will post 0.18 EPS for the current year.
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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