CONSOL Coal Resources (NYSE:CCR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “
A number of other analysts have also issued reports on the company. TheStreet lowered CONSOL Coal Resources from a “c” rating to a “d” rating in a research report on Wednesday, November 29th. BidaskClub lowered CONSOL Coal Resources from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. FBR & Co set a $23.00 target price on CONSOL Coal Resources and gave the company a “buy” rating in a research report on Tuesday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $23.00 target price on shares of CONSOL Coal Resources in a research report on Friday, October 13th. Finally, ValuEngine raised CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.17.
CONSOL Coal Resources (NYSE:CCR) last announced its earnings results on Tuesday, February 6th. The energy company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $79.74 million. CONSOL Coal Resources had a return on equity of 23.26% and a net margin of 10.56%. analysts predict that CONSOL Coal Resources will post 2.03 EPS for the current fiscal year.
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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.
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