CONSOL Coal Resources LP (CCR) Given Average Recommendation of “Hold” by Brokerages

Shares of CONSOL Coal Resources LP (NYSE:CCR) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.60.

CCR has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. B. Riley dropped their price objective on shares of CONSOL Coal Resources from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. ValuEngine lowered shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, TheStreet lowered shares of CONSOL Coal Resources from a “c” rating to a “d” rating in a research note on Wednesday, November 29th.

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Several institutional investors and hedge funds have recently bought and sold shares of the company. Mountain Lake Investment Management LLC purchased a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at approximately $8,608,000. Raffles Associates LP acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $988,000. Deutsche Bank AG acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $804,000. Renaissance Technologies LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $718,000. Finally, Edge Advisors LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter worth approximately $704,000. Institutional investors own 24.14% of the company’s stock.

CONSOL Coal Resources stock opened at $14.05 on Friday. CONSOL Coal Resources has a 1-year low of $12.56 and a 1-year high of $17.55. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.77 and a quick ratio of 0.59. The company has a market cap of $386.61, a P/E ratio of 10.11 and a beta of 1.32.

CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings results on Tuesday, February 6th. The energy company reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CONSOL Coal Resources had a net margin of 10.56% and a return on equity of 21.19%. The firm had revenue of $78.77 million for the quarter, compared to analyst estimates of $79.74 million. equities analysts expect that CONSOL Coal Resources will post 1.84 EPS for the current fiscal year.

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About CONSOL Coal Resources

Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

Analyst Recommendations for CONSOL Coal Resources (NYSE:CCR)

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