CONSOL Coal Resources (CCR) Hits New 12-Month High Following Insider Buying Activity

CONSOL Coal Resources LP (NYSE:CCR)’s share price reached a new 52-week high during mid-day trading on Wednesday following insider buying activity. The company traded as high as $19.39 and last traded at $19.25, with a volume of 316 shares trading hands. The stock had previously closed at $19.09.

Specifically, Director Consol Energy Inc. bought 5,036 shares of the firm’s stock in a transaction on Thursday, October 4th. The stock was purchased at an average price of $18.94 per share, for a total transaction of $95,381.84. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders acquired 128,867 shares of company stock valued at $2,336,337.

Several analysts recently commented on the stock. TheStreet raised shares of CONSOL Coal Resources from a “c-” rating to a “b” rating in a research note on Monday, July 2nd. Zacks Investment Research raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, July 18th. B. Riley increased their target price on shares of CONSOL Coal Resources from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. ValuEngine raised shares of CONSOL Coal Resources from a “hold” rating to a “buy” rating in a research note on Tuesday, September 4th. Finally, Clarkson Capital lowered shares of CONSOL Coal Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. CONSOL Coal Resources currently has an average rating of “Hold” and a consensus target price of $20.25.

The company has a market cap of $493.93 million, a P/E ratio of 13.19 and a beta of 1.42. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.44 and a current ratio of 0.61.

CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Thursday, August 2nd. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.60 by $0.09. The business had revenue of $98.06 million during the quarter, compared to analyst estimates of $97.65 million. CONSOL Coal Resources had a net margin of 15.25% and a return on equity of 27.24%. Research analysts anticipate that CONSOL Coal Resources LP will post 2.3 EPS for the current fiscal year.

An institutional investor recently raised its position in CONSOL Coal Resources stock. Wells Fargo & Company MN lifted its position in CONSOL Coal Resources LP (NYSE:CCR) by 32,465.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,891 shares of the energy company’s stock after acquiring an additional 32,790 shares during the quarter. Wells Fargo & Company MN owned approximately 0.12% of CONSOL Coal Resources worth $458,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 23.63% of the company’s stock.

CONSOL Coal Resources Company Profile (NYSE:CCR)

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.

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