Cool (NYSE:CLCO) Sets New 52-Week High – Still a Buy?

Shares of Cool Company Ltd. (NYSE:CLCO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $9.86 and last traded at $9.85, with a volume of 21282 shares changing hands. The stock had previously closed at $9.84.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CLCO shares. Wall Street Zen cut Cool from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Cool in a research note on Wednesday, October 8th. B. Riley lowered Cool from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 24th. Finally, Zacks Research downgraded shares of Cool from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Cool Trading Up 0.2%

The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.77 and a current ratio of 0.79. The stock has a market cap of $529.24 million, a P/E ratio of 16.43 and a beta of 0.69. The stock has a 50-day moving average price of $9.73 and a 200-day moving average price of $8.35.

Cool (NYSE:CLCO) last posted its quarterly earnings data on Thursday, November 20th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. Cool had a net margin of 17.45% and a return on equity of 7.94%. The company had revenue of $86.31 million for the quarter, compared to analysts’ expectations of $84.71 million. On average, equities research analysts expect that Cool Company Ltd. will post 1.68 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. raised its position in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,564,815 shares of the company’s stock after purchasing an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned approximately 6.64% of Cool worth $23,884,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.66% of the company’s stock.

About Cool

Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties. The company was founded in 1970 and is based in London, the United Kingdom.