CONSOL Coal Resources LP (NYSE:CCR) Given Average Recommendation of “Hold” by Analysts

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.

Shares of CCR stock traded down $0.03 during trading on Tuesday, hitting $3.91. The company’s stock had a trading volume of 54,078 shares, compared to its average volume of 46,153. The company has a market cap of $108.27 million, a PE ratio of 3.59 and a beta of 0.91. The company has a current ratio of 0.68, a quick ratio of 0.49 and a debt-to-equity ratio of 1.00. The business has a fifty day moving average of $4.10 and a 200-day moving average of $6.02. CONSOL Coal Resources has a 52 week low of $3.60 and a 52 week high of $16.33.

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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Analyst Recommendations for CONSOL Coal Resources (NYSE:CCR)

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