Zacks Investment Research downgraded shares of CONSOL Coal Resources (NYSE:CCR) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday.

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. “

Several other research analysts also recently commented on CCR. ValuEngine downgraded CONSOL Coal Resources from a hold rating to a sell rating in a report on Tuesday, May 22nd. TheStreet raised 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 CONSOL Coal Resources from $21.00 to $22.00 and gave the stock a buy rating in a report on Tuesday, July 10th. Citigroup upped their price objective on CONSOL Coal Resources from $15.00 to $16.00 and gave the stock a neutral rating in a report on Tuesday, July 31st. Finally, Clarkson Capital downgraded CONSOL Coal Resources from a buy rating to a neutral rating in a report on Tuesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. CONSOL Coal Resources has an average rating of Hold and a consensus price target of $20.20.

Shares of CCR opened at $17.25 on Tuesday. The company has a market capitalization of $500.81 million, a PE ratio of 11.82 and a beta of 1.41. 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 has a one year low of $12.56 and a one year high of $19.16.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 15th. Shareholders of record on Wednesday, August 8th were issued a dividend of $0.5125 per share. This is an increase from CONSOL Coal Resources’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, August 7th. This represents a $2.05 annualized dividend and a yield of 11.88%. CONSOL Coal Resources’s dividend payout ratio is currently 140.41%.

A hedge fund recently raised its stake in CONSOL Coal Resources stock. Mountain Lake Investment Management LLC boosted its position in shares of CONSOL Coal Resources LP (NYSE:CCR) by 4.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 575,000 shares of the energy company’s stock after buying an additional 25,000 shares during the quarter. CONSOL Coal Resources makes up approximately 4.2% of Mountain Lake Investment Management LLC’s holdings, making the stock its 8th largest holding. Mountain Lake Investment Management LLC owned about 2.09% of CONSOL Coal Resources worth $8,021,000 as of its most recent filing with the SEC. 23.63% of the stock is owned by institutional investors and hedge funds.

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.

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