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.
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.