CONSOL Coal Resources (NYSE:CCR) Stock Rating Lowered by Zacks Investment Research

CONSOL Coal Resources (NYSE:CCR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday, Zacks.com reports.

According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “

Shares of NYSE:CCR traded down $0.17 during midday trading on Tuesday, hitting $16.48. 8,904 shares of the stock were exchanged, compared to its average volume of 26,321. The company has a quick ratio of 0.46, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. CONSOL Coal Resources has a 52-week low of $14.58 and a 52-week high of $21.13. The stock’s fifty day moving average is $16.03. The company has a market cap of $458.69 million, a P/E ratio of 6.95 and a beta of 0.97.

CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings data on Wednesday, May 8th. The energy company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.10. CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%. The business had revenue of $86.11 million during the quarter, compared to analyst estimates of $87.25 million. On average, analysts anticipate that CONSOL Coal Resources will post 2.01 EPS for the current fiscal year.

In other news, Director Consol Energy Inc. acquired 6,884 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average cost of $17.32 per share, for a total transaction of $119,230.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

A number of hedge funds and other institutional investors have recently bought and sold shares of CCR. Barclays PLC bought a new position in CONSOL Coal Resources during the fourth quarter valued at about $34,000. Macquarie Group Ltd. bought a new position in CONSOL Coal Resources during the fourth quarter valued at about $116,000. Acadian Asset Management LLC bought a new position in CONSOL Coal Resources during the fourth quarter valued at about $176,000. Geode Capital Management LLC bought a new position in CONSOL Coal Resources during the fourth quarter valued at about $611,000. Finally, Edge Capital Group LLC bought a new position in CONSOL Coal Resources during the fourth quarter valued at about $738,000. Institutional investors own 22.18% 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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