CONSOL Coal Resources LP (NYSE:CCR) Sees Large Growth in Short Interest

CONSOL Coal Resources LP (NYSE:CCR) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 24,100 shares, a growth of 22.3% from the July 31st total of 19,700 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 27,000 shares, the short-interest ratio is currently 0.9 days.

NYSE:CCR traded up $0.10 during trading hours on Friday, reaching $13.26. The company’s stock had a trading volume of 16,702 shares, compared to its average volume of 29,288. The company has a market cap of $367.93 million, a price-to-earnings ratio of 5.59 and a beta of 1.01. CONSOL Coal Resources has a one year low of $12.30 and a one year high of $21.13. The business’s 50-day moving average is $13.91 and its 200-day moving average is $16.20. 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 (NYSE:CCR) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). CONSOL Coal Resources had a return on equity of 24.27% and a net margin of 15.97%. The business had revenue of $89.65 million during the quarter, compared to the consensus estimate of $89.20 million. On average, sell-side analysts predict that CONSOL Coal Resources will post 1.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 8th were issued a dividend of $0.512 per share. This represents a $2.05 dividend on an annualized basis and a yield of 15.44%. The ex-dividend date of this dividend was Wednesday, August 7th. CONSOL Coal Resources’s dividend payout ratio (DPR) is 86.50%.

CCR has been the topic of several recent analyst reports. B. Riley set a $17.00 target price on shares of CONSOL Coal Resources and gave the company a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research raised shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th. Jefferies Financial Group downgraded shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $16.00 in a research note on Tuesday, August 6th. ValuEngine downgraded shares of CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Seaport Global Securities set a $19.00 price target on shares of CONSOL Coal Resources and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. CONSOL Coal Resources presently has a consensus rating of “Hold” and an average price target of $18.20.

In other news, Director Consol Energy Inc. bought 9,803 shares of the business’s stock in a transaction on Friday, September 6th. The shares were bought at an average cost of $13.16 per share, with a total value of $129,007.48.

A number of hedge funds have recently added to or reduced their stakes in CCR. Virtus ETF Advisers LLC bought a new stake in CONSOL Coal Resources during the second quarter valued at about $2,432,000. Parametric Portfolio Associates LLC bought a new stake in shares of CONSOL Coal Resources in the second quarter valued at about $269,000. Janney Montgomery Scott LLC bought a new stake in shares of CONSOL Coal Resources in the second quarter valued at about $170,000. Deutsche Bank AG lifted its stake in shares of CONSOL Coal Resources by 10.7% in the fourth quarter. Deutsche Bank AG now owns 55,907 shares of the energy company’s stock valued at $917,000 after buying an additional 5,407 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of CONSOL Coal Resources by 37.0% in the second quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock valued at $185,000 after buying an additional 3,000 shares during the period. Institutional investors own 22.43% of the company’s stock.

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.

Featured Story: What is a support level?

Receive News & Ratings for CONSOL Coal Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CONSOL Coal Resources and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit