Jefferies Financial Group lowered shares of CONSOL Coal Resources (NYSE:CCR) from a buy rating to a hold rating in a research report report published on Tuesday morning, 24/7 WallStreet reports. Jefferies Financial Group currently has $16.00 price objective on the energy company’s stock, down from their prior price objective of $20.00. Jefferies Financial Group also issued estimates for CONSOL Coal Resources’ FY2019 earnings at $1.90 EPS, FY2020 earnings at $1.73 EPS and FY2022 earnings at $1.88 EPS.
Separately, Zacks Investment Research upgraded CONSOL Coal Resources from a sell rating to a hold rating in a research report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $18.20.
Shares of NYSE:CCR traded down $0.43 on Tuesday, hitting $13.07. 400 shares of the company’s stock were exchanged, compared to its average volume of 31,443. CONSOL Coal Resources has a 12 month low of $12.86 and a 12 month high of $21.13. The company has a market capitalization of $426.36 million, a PE ratio of 5.56 and a beta of 0.96. The stock’s 50 day simple moving average is $15.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.46.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be given a dividend of $0.512 per share. The ex-dividend date is Wednesday, August 7th. This represents a $2.05 annualized dividend and a dividend yield of 15.67%. CONSOL Coal Resources’s dividend payout ratio (DPR) is 86.50%.
Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $611,000. Barclays PLC purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $34,000. Macquarie Group Ltd. purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $116,000. Deutsche Bank AG increased its stake in shares of CONSOL Coal Resources by 10.7% during the fourth quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock valued at $917,000 after buying an additional 5,407 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of CONSOL Coal Resources during the second quarter valued at $170,000. Institutional investors and hedge funds own 22.21% 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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