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CONSOL Coal Resources LP (CCR) Receives $20.40 Average Price Target from Analysts

Shares of CONSOL Coal Resources LP (NYSE:CCR) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $20.40.

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A number of analysts have weighed in on CCR shares. TheStreet upgraded CONSOL Coal Resources from a “c-” rating to a “b” rating in a research note on Monday. Zacks Investment Research upgraded CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. ValuEngine upgraded CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research note on Tuesday, May 29th. Finally, Citigroup cut their price target on CONSOL Coal Resources from $16.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 28th.

CCR stock traded up $0.09 during midday trading on Tuesday, reaching $14.99. The company’s stock had a trading volume of 1,110 shares, compared to its average volume of 14,822. The company has a quick ratio of 0.59, a current ratio of 0.81 and a debt-to-equity ratio of 0.87. CONSOL Coal Resources has a 1 year low of $12.56 and a 1 year high of $16.95. The firm has a market cap of $412.76 million, a price-to-earnings ratio of 10.27 and a beta of 1.32.

CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Thursday, May 3rd. The energy company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.35. CONSOL Coal Resources had a return on equity of 24.61% and a net margin of 13.08%. The business had revenue of $94.50 million for the quarter, compared to analyst estimates of $83.50 million. research analysts expect that CONSOL Coal Resources will post 1.94 EPS for the current year.

Several institutional investors have recently made changes to their positions in CCR. Geode Capital Management LLC purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $457,000. Wells Fargo & Company MN increased its stake in shares of CONSOL Coal Resources by 32,465.3% during the first quarter. Wells Fargo & Company MN now owns 32,891 shares of the energy company’s stock valued at $458,000 after buying an additional 32,790 shares during the period. Renaissance Technologies LLC purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $718,000. Deutsche Bank AG purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $804,000. Finally, Raffles Associates LP purchased a new position in shares of CONSOL Coal Resources during the fourth quarter valued at $988,000. Hedge funds and other institutional investors own 23.62% of the company’s stock.

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.