CONSOL Coal Resources LP (NYSE:CCR) Announces $0.51 Quarterly Dividend

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CONSOL Coal Resources LP (NYSE:CCR) announced a quarterly dividend on Wednesday, October 30th, Fidelity reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.5125 per share by the energy company on Friday, November 15th. This represents a $2.05 annualized dividend and a dividend yield of 18.62%. The ex-dividend date of this dividend is Thursday, November 7th.

Shares of CCR stock traded up $0.26 on Friday, hitting $11.01. The stock had a trading volume of 33,451 shares, compared to its average volume of 37,762. The business has a 50 day moving average of $12.76 and a 200 day moving average of $14.97. The stock has a market cap of $301.62 million, a price-to-earnings ratio of 4.65 and a beta of 1.01. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.68 and a quick ratio of 0.51. CONSOL Coal Resources has a 12-month low of $10.37 and a 12-month high of $21.13.

CONSOL Coal Resources (NYSE:CCR) last announced its 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 analysts’ expectations of $89.20 million. As a group, research analysts expect that CONSOL Coal Resources will post 1.83 earnings per share for the current fiscal year.

In other CONSOL Coal Resources news, Director Consol Energy Inc. bought 9,610 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was purchased at an average price of $12.52 per share, for a total transaction of $120,317.20. Following the completion of the transaction, the director now directly owns 16,796,894 shares of the company’s stock, valued at $210,297,112.88. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

A number of analysts recently issued reports on the stock. ValuEngine upgraded shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Berenberg Bank restated a “sell” rating on shares of CONSOL Coal Resources in a report on Tuesday, October 22nd. Seaport Global Securities set a $19.00 price objective on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a report on Wednesday, August 7th. Jefferies Financial Group downgraded shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.00 to $16.00 in a report on Tuesday, August 6th. Finally, Clarkson Capital restated a “neutral” rating on shares of CONSOL Coal Resources in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.20.

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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Dividend History for CONSOL Coal Resources (NYSE:CCR)

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