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

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

Several research analysts have commented on CLCO shares. Wall Street Zen downgraded Cool from a “hold” rating to a “sell” rating in a report on Friday, September 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cool in a research report on Wednesday, October 8th. Zacks Research downgraded Cool from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. Finally, B. Riley lowered shares of Cool from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th.

Cool Stock Performance

Shares of CLCO opened at $9.67 on Wednesday. The firm has a market capitalization of $519.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.69. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.77. Cool has a 1-year low of $4.51 and a 1-year high of $10.00. The company has a 50-day moving average of $9.76 and a 200 day moving average of $8.74.

Cool (NYSE:CLCO) last issued its earnings results on Thursday, November 20th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Cool had a net margin of 17.45% and a return on equity of 7.94%. The business had revenue of $86.31 million for the quarter, compared to the consensus estimate of $84.71 million. On average, research analysts expect that Cool will post 1.68 EPS for the current year.

Hedge Funds Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. increased its holdings in Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,564,815 shares of the company’s stock after buying an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned about 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.

Cool Company Profile

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.