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.
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
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