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

Cool Company Ltd. (NYSE:CLCO) has earned an average recommendation of “Reduce” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company.

Separately, Zacks Research downgraded shares of Cool from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st.

Cool Price Performance

NYSE CLCO opened at $9.67 on Friday. The business’s fifty day moving average is $9.73 and its 200 day moving average is $9.08. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $10.00. 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 company has a market capitalization of $519.31 million, a PE ratio of 16.12 and a beta of 0.69.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. increased its position in Cool Company Ltd. (NYSE:CLCO) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,564,815 shares of the company’s stock after buying an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned about 6.64% of Cool worth $23,884,000 at the end of the most recent quarter. 20.66% of the stock is currently owned by institutional investors.

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.