Cool Company Ltd. (NYSE:CLCO) Receives Average Rating of “Reduce” from Analysts

Shares of Cool Company Ltd. (NYSE:CLCO) have been assigned an average recommendation of “Reduce” from the four research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating and three have issued a hold rating on the company.

CLCO has been the subject of a number of research reports. B. Riley downgraded Cool from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Wall Street Zen lowered Cool from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Zacks Research downgraded shares of Cool from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Cool in a report on Wednesday, October 8th.

Cool Stock Performance

Shares of CLCO stock opened at $9.67 on Wednesday. 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 firm has a market capitalization of $519.31 million, a price-to-earnings ratio of 16.12 and a beta of 0.69. Cool has a one year low of $4.51 and a one year high of $10.00. The company has a 50 day moving average price of $9.76 and a 200 day moving average price of $8.78.

Cool (NYSE:CLCO) last announced its quarterly earnings results on Thursday, November 20th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $86.31 million for the quarter, compared to analyst estimates of $84.71 million. Cool had a net margin of 17.45% and a return on equity of 7.94%. Sell-side analysts anticipate that Cool will post 1.68 EPS for the current year.

Institutional Investors Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. boosted its position in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and 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.