CONSOL Coal Resources (CCR) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a hold rating to a buy rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently commented on CCR. Stifel Nicolaus set a $23.00 target price on shares of CONSOL Coal Resources and gave the company a buy rating in a research report on Wednesday, August 9th. TheStreet raised shares of CONSOL Coal Resources from a d rating to a c rating in a research report on Wednesday, August 9th. Jefferies Group set a $20.00 price target on shares of CONSOL Coal Resources and gave the stock a buy rating in a report on Friday, August 18th. BidaskClub cut shares of CONSOL Coal Resources from a hold rating to a sell rating in a report on Thursday, September 14th. Finally, Zacks Investment Research cut shares of CONSOL Coal Resources from a hold rating to a sell rating in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $20.20.

CONSOL Coal Resources (NYSE:CCR) traded up $0.05 during trading hours on Friday, reaching $14.10. 20,800 shares of the company were exchanged, compared to its average volume of 48,318. CONSOL Coal Resources has a 12 month low of $12.56 and a 12 month high of $20.40. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.70 and a quick ratio of 0.52. The stock has a market capitalization of $384.51 and a PE ratio of 10.22.

CONSOL Coal Resources (NYSE:CCR) last posted its earnings results on Monday, October 30th. The energy company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.35). CONSOL Coal Resources had a net margin of 9.94% and a return on equity of 21.14%. The firm had revenue of $78.26 million for the quarter, compared to analysts’ expectations of $76.46 million. equities analysts anticipate that CONSOL Coal Resources will post 1.41 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a $0.5125 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 14.54%. CONSOL Coal Resources’s dividend payout ratio is currently 148.55%.

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CONSOL Coal Resources Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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