Analysts Set CONSOL Coal Resources LP (CCR) Price Target at $20.33

Shares of CONSOL Coal Resources LP (NYSE:CCR) have been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.33.

Several research firms have recently commented on CCR. Citigroup upped their price target on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, November 2nd. ValuEngine raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. Clarkson Capital lowered shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 11th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, September 26th.

Shares of NYSE CCR traded down $0.45 during midday trading on Friday, hitting $17.10. 200 shares of the company’s stock traded hands, compared to its average volume of 44,747. CONSOL Coal Resources has a 1 year low of $13.15 and a 1 year high of $21.13. The firm has a market capitalization of $483.01 million, a P/E ratio of 11.74 and a beta of 0.97. The company has a quick ratio of 0.44, a current ratio of 0.63 and a debt-to-equity ratio of 0.78.

CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings results on Thursday, November 1st. The energy company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.04). CONSOL Coal Resources had a net margin of 17.42% and a return on equity of 28.19%. The business had revenue of $75.31 million for the quarter, compared to analysts’ expectations of $78.65 million. As a group, equities research analysts anticipate that CONSOL Coal Resources will post 2.25 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, November 8th were issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 11.99%. The ex-dividend date was Wednesday, November 7th. CONSOL Coal Resources’s dividend payout ratio is 140.41%.

In other news, Director Consol Energy Inc. bought 9,341 shares of CONSOL Coal Resources stock in a transaction that occurred on Monday, October 29th. The stock was bought at an average cost of $18.98 per share, with a total value of $177,292.18. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders purchased a total of 160,908 shares of company stock valued at $2,941,373 over the last three months.

A hedge fund recently bought a new stake in CONSOL Coal Resources stock. Renaissance Technologies LLC bought a new position in CONSOL Coal Resources LP (NYSE:CCR) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 50,500 shares of the energy company’s stock, valued at approximately $906,000. Renaissance Technologies LLC owned approximately 0.18% of CONSOL Coal Resources at the end of the most recent quarter. 23.56% of the stock is owned by institutional investors.

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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