CONSOL Coal Resources (CCR) Downgraded by Zacks Investment Research to Hold
Zacks Investment Research lowered shares of CONSOL Coal Resources (NYSE:CCR) from a buy rating to a hold rating in a research note released on Thursday morning.
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. “
CCR has been the topic of a number of other reports. FBR & Co set a $23.00 price target on shares of CONSOL Coal Resources and gave the stock a buy rating in a research note on Tuesday, October 31st. Citigroup cut their target price on shares of CONSOL Coal Resources from $18.00 to $16.00 and set a neutral rating on the stock in a research note on Tuesday, October 17th. Stifel Nicolaus restated a buy rating and set a $23.00 target price on shares of CONSOL Coal Resources in a research note on Friday, October 13th. BidaskClub upgraded shares of CONSOL Coal Resources from a sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, TheStreet lowered shares of CONSOL Coal Resources from a c rating to a d rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $19.83.
CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.35). The business had revenue of $78.26 million for the quarter, compared to analysts’ expectations of $76.46 million. CONSOL Coal Resources had a return on equity of 21.14% and a net margin of 9.94%. equities analysts forecast that CONSOL Coal Resources will post 1.39 earnings per share 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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