CONSOL Coal Resources (NYSE:CCR) Given a $17.00 Price Target by B. Riley Analysts

B. Riley set a $17.00 target price on CONSOL Coal Resources (NYSE:CCR) in a report published on Wednesday morning, TipRanks reports. The brokerage currently has a buy rating on the energy company’s stock. B. Riley also issued estimates for CONSOL Coal Resources’ Q3 2019 earnings at $0.36 EPS, Q4 2019 earnings at $0.37 EPS, FY2019 earnings at $1.79 EPS, FY2020 earnings at $1.48 EPS and FY2021 earnings at $0.93 EPS.

Several other research analysts also recently commented on the stock. Jefferies Financial Group downgraded shares of CONSOL Coal Resources from a buy rating to a hold rating and cut their price target for the company from $20.00 to $16.00 in a report on Tuesday, August 6th. Zacks Investment Research raised shares of CONSOL Coal Resources from a sell rating to a hold rating in a report on Wednesday, July 17th. Finally, ValuEngine downgraded shares of CONSOL Coal Resources from a hold rating to a sell rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and an average price target of $18.20.

NYSE:CCR traded down $0.62 during trading hours on Wednesday, hitting $12.88. The stock had a trading volume of 63,284 shares, compared to its average volume of 37,515. The business’s 50 day moving average price is $15.85. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.68 and a quick ratio of 0.46. CONSOL Coal Resources has a one year low of $12.86 and a one year high of $21.13. The stock has a market cap of $373.03 million, a price-to-earnings ratio of 5.43 and a beta of 0.96.

CONSOL Coal Resources (NYSE:CCR) last announced its quarterly earnings results on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.01). CONSOL Coal Resources had a net margin of 15.97% and a return on equity of 24.27%. The firm had revenue of $89.65 million during the quarter, compared to the consensus estimate of $89.20 million. Research analysts predict that CONSOL Coal Resources will post 1.83 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th will be issued a dividend of $0.512 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 15.90%. The ex-dividend date is Wednesday, August 7th. CONSOL Coal Resources’s dividend payout ratio is currently 86.50%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth $611,000. Barclays PLC acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth $34,000. Macquarie Group Ltd. acquired a new position in shares of CONSOL Coal Resources during the fourth quarter worth $116,000. Deutsche Bank AG increased its holdings 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 worth $917,000 after buying an additional 5,407 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of CONSOL Coal Resources during the second quarter worth $170,000. 22.21% of the stock is owned by institutional investors.

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.

Further Reading: Intrinsic Value and Stock Selection

Analyst Recommendations for CONSOL Coal Resources (NYSE:CCR)

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