Brokerages Expect CONSOL Coal Resources LP (CCR) Will Post Earnings of $0.48 Per Share

Equities analysts expect CONSOL Coal Resources LP (NYSE:CCR) to post $0.48 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CONSOL Coal Resources’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.46. CONSOL Coal Resources also reported earnings of $0.48 per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that CONSOL Coal Resources will report full-year earnings of $2.25 per share for the current year, with EPS estimates ranging from $2.21 to $2.28. For the next fiscal year, analysts forecast that the firm will post earnings of $2.10 per share, with EPS estimates ranging from $1.94 to $2.28. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last posted its earnings results on Thursday, November 1st. The energy company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.04). CONSOL Coal Resources had a net margin of 17.42% and a return on equity of 28.19%. The business had revenue of $75.31 million for the quarter, compared to analyst estimates of $78.65 million.

Several equities research analysts recently issued reports on CCR shares. Citigroup lifted their price objective on CONSOL Coal Resources from $16.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, November 2nd. Zacks Investment Research cut CONSOL Coal Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 11th. ValuEngine cut CONSOL Coal Resources from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Finally, Clarkson Capital cut CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, September 11th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

CCR stock traded up $0.46 during trading on Monday, hitting $17.64. The stock had a trading volume of 32,011 shares, compared to its average volume of 32,666. The company has a current ratio of 0.63, a quick ratio of 0.44 and a debt-to-equity ratio of 0.78. CONSOL Coal Resources has a twelve month low of $13.40 and a twelve month high of $21.13. The stock has a market cap of $472.83 million, a price-to-earnings ratio of 12.08 and a beta of 0.96.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Thursday, November 8th were issued a dividend of $0.5125 per share. This represents a $2.05 annualized dividend and a dividend yield of 11.62%. The ex-dividend date of this dividend was Wednesday, November 7th. CONSOL Coal Resources’s dividend payout ratio is currently 140.41%.

In related news, Director Consol Energy Inc. bought 13,890 shares of the stock in a transaction dated Wednesday, September 12th. The shares were acquired at an average cost of $17.48 per share, for a total transaction of $242,797.20. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have bought 160,908 shares of company stock worth $2,941,373.

An institutional investor recently bought a new position in CONSOL Coal Resources stock. Renaissance Technologies LLC bought a new position in shares of CONSOL Coal Resources LP (NYSE:CCR) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,500 shares of the energy company’s stock, valued at approximately $906,000. Renaissance Technologies LLC owned about 0.18% of CONSOL Coal Resources at the end of the most recent reporting period. Institutional investors own 23.56% of the company’s stock.

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

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