Jefferies Financial Group Downgrades CONSOL Coal Resources (NYSE:CCR) to Hold

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CONSOL Coal Resources (NYSE:CCR) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $16.00 price objective on the energy company’s stock, down from their prior price objective of $20.00. Jefferies Financial Group’s price target points to a potential upside of 16.79% from the company’s current price.

Separately, Zacks Investment Research raised CONSOL Coal Resources from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Five analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $18.33.

CCR stock opened at $13.70 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.46 and a current ratio of 0.63. The stock’s fifty day moving average is $15.94. CONSOL Coal Resources has a one year low of $12.86 and a one year high of $21.13. The company has a market capitalization of $425.81 million, a PE ratio of 5.78 and a beta of 0.96.

CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.01). CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%. The company had revenue of $89.65 million for the quarter, compared to the consensus estimate of $89.20 million. Research analysts expect that CONSOL Coal Resources will post 2.01 EPS for the current fiscal year.

In other news, Director Consol Energy Inc. bought 6,884 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was bought at an average price of $17.32 per share, with a total value of $119,230.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Deutsche Bank AG raised its stake in 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 purchasing an additional 5,407 shares in the last quarter. Geode Capital Management LLC acquired a new position in CONSOL Coal Resources in the fourth quarter valued at about $611,000. Advantage Investment Management LLC raised its stake in CONSOL Coal Resources by 13.5% in the second quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock valued at $265,000 after purchasing an additional 1,894 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in CONSOL Coal Resources in the second quarter valued at about $170,000. Finally, Macquarie Group Ltd. acquired a new position in CONSOL Coal Resources in the fourth quarter valued at about $116,000. 22.21% of the stock is owned by institutional investors.

CONSOL Coal Resources Company Profile

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.

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