Insider Buying: CONSOL Coal Resources LP (CCR) Director Buys $242,797.20 in Stock
CONSOL Coal Resources LP (NYSE:CCR) Director Consol Energy Inc. purchased 13,890 shares of CONSOL Coal Resources stock in a transaction dated Wednesday, September 12th. The shares were purchased at an average price of $17.48 per share, with a total value of $242,797.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE CCR opened at $18.00 on Friday. CONSOL Coal Resources LP has a 52-week low of $12.56 and a 52-week high of $19.16. The company has a quick ratio of 0.44, a current ratio of 0.61 and a debt-to-equity ratio of 0.74. The firm has a market cap of $495.31 million, a PE ratio of 12.33 and a beta of 1.42.
CONSOL Coal Resources (NYSE:CCR) last posted its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.09. CONSOL Coal Resources had a net margin of 15.25% and a return on equity of 27.24%. The company had revenue of $98.06 million during the quarter, compared to the consensus estimate of $97.65 million. equities analysts expect that CONSOL Coal Resources LP will post 2.3 EPS for the current year.
A hedge fund recently raised its stake in CONSOL Coal Resources stock. Mountain Lake Investment Management LLC boosted its holdings in CONSOL Coal Resources LP (NYSE:CCR) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,000 shares of the energy company’s stock after purchasing an additional 25,000 shares during the period. CONSOL Coal Resources makes up 4.2% of Mountain Lake Investment Management LLC’s portfolio, making the stock its 8th largest position. Mountain Lake Investment Management LLC owned 2.09% of CONSOL Coal Resources worth $8,021,000 as of its most recent SEC filing. Institutional investors and hedge funds own 23.63% 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.
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