Brokerages forecast that CONSOL Coal Resources LP (NYSE:CCR) will post $87.10 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for CONSOL Coal Resources’ earnings, with the lowest sales estimate coming in at $85.20 million and the highest estimate coming in at $89.00 million. CONSOL Coal Resources posted sales of $82.47 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 30th.

According to Zacks, analysts expect that CONSOL Coal Resources will report full year sales of $313.13 million for the current financial year, with estimates ranging from $268.30 million to $345.10 million. For the next fiscal year, analysts anticipate that the company will report sales of $337.63 million per share, with estimates ranging from $331.00 million to $342.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for CONSOL Coal Resources.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings data on Thursday, May 3rd. The energy company reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.35. CONSOL Coal Resources had a net margin of 13.08% and a return on equity of 24.61%. The business had revenue of $94.50 million during the quarter, compared to analyst estimates of $83.50 million.

Several research analysts have commented on CCR shares. TheStreet upgraded shares of CONSOL Coal Resources from a “c-” rating to a “b” rating in a report on Monday, July 2nd. B. Riley upped their price objective on shares of CONSOL Coal Resources from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Tuesday. ValuEngine upgraded shares of CONSOL Coal Resources from a “sell” rating to a “hold” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of CONSOL Coal Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 4th. Finally, Citigroup decreased their price objective on shares of CONSOL Coal Resources from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, March 28th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. CONSOL Coal Resources has a consensus rating of “Hold” and a consensus price target of $20.17.

NYSE CCR traded up $0.05 during trading on Friday, hitting $15.00. The company had a trading volume of 4,123 shares, compared to its average volume of 14,751. The company has a current ratio of 0.81, a quick ratio of 0.59 and a debt-to-equity ratio of 0.87. CONSOL Coal Resources has a one year low of $12.56 and a one year high of $16.95. The firm has a market capitalization of $412.76 million, a PE ratio of 10.27 and a beta of 1.32.

Several institutional investors have recently modified their holdings of CCR. Geode Capital Management LLC bought a new position in shares of CONSOL Coal Resources in the 4th quarter worth about $457,000. Wells Fargo & Company MN increased its stake in shares of CONSOL Coal Resources by 32,465.3% in the 1st quarter. Wells Fargo & Company MN now owns 32,891 shares of the energy company’s stock worth $458,000 after acquiring an additional 32,790 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of CONSOL Coal Resources in the 4th quarter worth about $718,000. Deutsche Bank AG bought a new position in shares of CONSOL Coal Resources in the 4th quarter worth about $804,000. Finally, Mountain Lake Investment Management LLC increased its stake in shares of CONSOL Coal Resources by 4.5% in the 1st quarter. Mountain Lake Investment Management LLC now owns 575,000 shares of the energy company’s stock worth $8,021,000 after acquiring an additional 25,000 shares in the last quarter. Institutional investors own 23.62% of the company’s stock.

CONSOL Coal Resources Company Profile

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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Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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