CONSOL Coal Resources LP (CCR) Expected to Post Earnings of $0.31 Per Share

Share on StockTwits

Wall Street analysts expect CONSOL Coal Resources LP (NYSE:CCR) to post earnings per share of $0.31 for the current quarter, according to Zacks. Two analysts have issued estimates for CONSOL Coal Resources’ earnings, with the highest EPS estimate coming in at $0.38 and the lowest estimate coming in at $0.24. CONSOL Coal Resources posted earnings of $0.07 per share in the same quarter last year, which suggests a positive year over year growth rate of 342.9%. The firm is expected to announce its next earnings report on Monday, October 29th.

According to Zacks, analysts expect that CONSOL Coal Resources will report full-year earnings of $2.30 per share for the current financial year, with EPS estimates ranging from $2.00 to $2.72. For the next financial year, analysts expect that the company will post earnings of $2.16 per share, with EPS estimates ranging from $1.80 to $2.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.09. CONSOL Coal Resources had a return on equity of 27.24% and a net margin of 15.25%. The company had revenue of $98.06 million during the quarter, compared to analyst estimates of $97.65 million.

A number of analysts have commented on CCR shares. Zacks Investment Research lowered CONSOL Coal Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 11th. ValuEngine lowered CONSOL Coal Resources from a “hold” rating to a “sell” rating in a report on Thursday, June 28th. TheStreet raised CONSOL Coal Resources from a “c-” rating to a “b” rating in a report on Monday, July 2nd. Citigroup lifted their target price on CONSOL Coal Resources from $15.00 to $16.00 and gave the stock a “neutral” rating in a report on Tuesday, July 31st. Finally, B. Riley lifted their target price on CONSOL Coal Resources from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday, July 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $20.25.

In related news, Director Consol Energy Inc. bought 5,036 shares of the stock in a transaction that occurred on Thursday, October 4th. The shares were bought at an average cost of $18.94 per share, for a total transaction of $95,381.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 128,867 shares of company stock worth $2,336,337 over the last quarter.

A hedge fund recently raised its stake in CONSOL Coal Resources stock. Wells Fargo & Company MN grew its holdings in CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,891 shares of the energy company’s stock after acquiring an additional 32,790 shares during the period. Wells Fargo & Company MN owned about 0.12% of CONSOL Coal Resources worth $458,000 as of its most recent filing with the Securities & Exchange Commission. 23.63% of the stock is owned by institutional investors.

CCR stock opened at $18.26 on Tuesday. CONSOL Coal Resources has a twelve month low of $12.56 and a twelve month high of $19.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.61 and a quick ratio of 0.44. The company has a market cap of $526.67 million, a P/E ratio of 9.48 and a beta of 1.42.

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 Article: Rule of 72

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

Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.