CONSOL Coal Resources LP Forecasted to Post Q1 2018 Earnings of $0.39 Per Share (CCR)
CONSOL Coal Resources LP (NYSE:CCR) – Equities researchers at Seaport Global Securities issued their Q1 2018 earnings per share estimates for CONSOL Coal Resources in a research report issued on Tuesday. Seaport Global Securities analyst M. Levin anticipates that the energy company will post earnings of $0.39 per share for the quarter. Seaport Global Securities also issued estimates for CONSOL Coal Resources’ FY2018 earnings at $1.75 EPS and FY2020 earnings at $1.18 EPS.
A number of other analysts have also issued reports on CCR. Stifel Nicolaus reiterated a “buy” rating and set a $23.00 price objective on shares of CONSOL Coal Resources in a research note on Friday, October 13th. Zacks Investment Research upgraded CONSOL Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. Citigroup decreased their price objective on 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. FBR & Co set a $23.00 price objective on CONSOL Coal Resources and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, BidaskClub lowered CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. CONSOL Coal Resources currently has a consensus rating of “Hold” and an average target price of $20.17.
CONSOL Coal Resources (NYSE:CCR) last released its quarterly earnings data 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. CONSOL Coal Resources had a return on equity of 23.26% and a net margin of 10.56%. The company had revenue of $78.77 million for the quarter, compared to analyst estimates of $79.74 million.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Thursday, February 8th will be paid a $0.5125 dividend. The ex-dividend date of this dividend is Wednesday, February 7th. This represents a $2.05 dividend on an annualized basis and a yield of 13.67%. CONSOL Coal Resources’s dividend payout ratio is currently 147.48%.
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CONSOL Coal Resources Company Profile
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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