CONSOL Coal Resources (CCR) PT Raised to $19.00 at Citigroup

CONSOL Coal Resources (NYSE:CCR) had its target price increased by research analysts at Citigroup from $16.00 to $19.00 in a research note issued to investors on Friday. The brokerage currently has a “neutral” rating on the energy company’s stock. Citigroup’s price objective points to a potential downside of 6.54% from the company’s previous close.

A number of other research analysts have also commented on CCR. Zacks Investment Research upgraded CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, July 18th. B. Riley upped their price target on CONSOL Coal Resources from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 10th. Clarkson Capital cut 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, ValuEngine upgraded CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.33.

Shares of CCR stock traded up $0.13 during trading hours on Friday, reaching $20.33. 51,057 shares of the company’s stock were exchanged, compared to its average volume of 56,740. CONSOL Coal Resources has a fifty-two week low of $12.56 and a fifty-two week high of $21.00. The firm has a market cap of $559.42 million, a PE ratio of 13.92 and a beta of 1.01. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 0.74.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Thursday, November 1st. The energy company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). CONSOL Coal Resources had a return on equity of 28.22% and a net margin of 17.42%. The business had revenue of $75.31 million for the quarter, compared to analyst estimates of $78.65 million. As a group, equities analysts predict that CONSOL Coal Resources will post 2.3 EPS for the current fiscal year.

In other news, Director Consol Energy Inc. acquired 17,400 shares of the stock in a transaction dated Tuesday, September 18th. The shares were acquired at an average cost of $17.84 per share, for a total transaction of $310,416.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 160,908 shares of company stock worth $2,941,373.

A hedge fund recently raised its stake in CONSOL Coal Resources stock. Wells Fargo & Company MN increased its position in shares of CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,891 shares of the energy company’s stock after purchasing an additional 32,790 shares during the period. Wells Fargo & Company MN owned about 0.12% of CONSOL Coal Resources worth $458,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 23.63% 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.

Further Reading: Cost of Debt

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