Cool Company Ltd. (NYSE:CLCO) Given Average Recommendation of “Reduce” by Analysts

Cool Company Ltd. (NYSE:CLCO) has been given an average rating of “Reduce” by the four ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company.

CLCO has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cool in a research note on Wednesday, October 8th. Zacks Research lowered shares of Cool from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. Wall Street Zen cut shares of Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Finally, B. Riley cut shares of Cool from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th.

Cool Stock Performance

NYSE CLCO opened at $9.67 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 0.79 and a debt-to-equity ratio of 1.68. The stock’s 50-day simple moving average is $9.76 and its two-hundred day simple moving average is $8.72. Cool has a twelve month low of $4.51 and a twelve month high of $10.00. The company has a market capitalization of $519.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.69.

Cool (NYSE:CLCO) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $86.31 million during the quarter, compared to analysts’ expectations of $84.71 million. Cool had a return on equity of 7.94% and a net margin of 17.45%. Research analysts forecast that Cool will post 1.68 EPS for the current fiscal year.

Institutional Investors Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. boosted its position in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,564,815 shares of the company’s stock after buying an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned approximately 6.64% of Cool worth $23,884,000 as of its most recent filing with the Securities & Exchange Commission. 20.66% of the stock is currently owned by institutional investors.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties. The company was founded in 1970 and is based in London, the United Kingdom.