B. Riley Analysts Cut Earnings Estimates for CONSOL Coal Resources LP (CCR)

CONSOL Coal Resources LP (NYSE:CCR) – Equities researchers at B. Riley cut their Q1 2018 EPS estimates for shares of CONSOL Coal Resources in a research note issued to investors on Wednesday, Zacks Investment Research reports. B. Riley analyst L. Pipes now forecasts that the energy company will earn $0.49 per share for the quarter, down from their previous forecast of $0.65. B. Riley currently has a “Buy” rating and a $21.00 target price on the stock.

CONSOL Coal Resources (NYSE:CCR) last issued its earnings results on Tuesday, February 6th. The energy company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.03. CONSOL Coal Resources had a return on equity of 23.26% and a net margin of 10.56%. The company had revenue of $78.77 million during the quarter, compared to the consensus estimate of $79.74 million.

Several other brokerages also recently weighed in on CCR. ValuEngine downgraded CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. TheStreet raised CONSOL Coal Resources from a “d” rating to a “c” rating in a research report on Tuesday, January 16th. FBR & Co set a $23.00 target price on CONSOL Coal Resources and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Finally, BidaskClub downgraded CONSOL Coal Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. CONSOL Coal Resources presently has an average rating of “Hold” and a consensus price target of $20.17.

Shares of CONSOL Coal Resources (CCR) traded up $0.05 during midday trading on Thursday, hitting $14.75. The stock had a trading volume of 6,097 shares, compared to its average volume of 36,396. CONSOL Coal Resources has a 52 week low of $12.56 and a 52 week high of $18.00. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.70 and a quick ratio of 0.52. The stock has a market capitalization of $402.78 and a P/E ratio of 10.67.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Thursday, February 8th will be issued a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date is Wednesday, February 7th. CONSOL Coal Resources’s dividend payout ratio is currently 147.48%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Advantage Investment Management LLC purchased a new position in CONSOL Coal Resources in the fourth quarter valued at about $100,000. Geode Capital Management LLC purchased a new position in CONSOL Coal Resources in the fourth quarter valued at about $457,000. Edge Advisors LLC purchased a new position in CONSOL Coal Resources in the fourth quarter valued at about $704,000. Renaissance Technologies LLC purchased a new position in CONSOL Coal Resources in the fourth quarter valued at about $718,000. Finally, Deutsche Bank AG purchased a new position in CONSOL Coal Resources in the fourth quarter valued at about $804,000. 25.62% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was posted by Week Herald and is the property of of Week Herald. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://weekherald.com/2018/02/15/q1-2018-eps-estimates-for-consol-coal-resources-lp-cut-by-b-riley-ccr.html.

About CONSOL Coal Resources

Consol Coal Resources LP, formerly CNX Coal Resources LP, is a producer of high-British thermal units (Btu) thermal coal. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

Get a free copy of the Zacks research report on CONSOL Coal Resources (CCR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Leave a Reply