Equities researchers at Benchmark assumed coverage on shares of CONSOL Coal Resources (NYSE:CCR) in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $8.21 price target on the energy company’s stock. Benchmark’s price objective would indicate a potential upside of 3.92% from the company’s previous close.
Several other research analysts have also recently commented on CCR. B. Riley reduced their price target on CONSOL Coal Resources from $17.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Zacks Investment Research cut CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research report on Monday. Finally, ValuEngine cut CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $13.55.
Shares of NYSE CCR opened at $7.90 on Wednesday. The stock has a 50 day moving average price of $9.90 and a 200 day moving average price of $11.26. CONSOL Coal Resources has a 52 week low of $7.55 and a 52 week high of $18.87. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market capitalization of $226.29 million, a PE ratio of 4.18 and a beta of 0.89.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raffles Associates LP lifted its position in shares of CONSOL Coal Resources by 15.9% in the third quarter. Raffles Associates LP now owns 40,746 shares of the energy company’s stock valued at $550,000 after buying an additional 5,600 shares during the last quarter. Bank of America Corp DE lifted its position in shares of CONSOL Coal Resources by 112.2% in the fourth quarter. Bank of America Corp DE now owns 42,831 shares of the energy company’s stock valued at $403,000 after buying an additional 22,651 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at approximately $189,000. Jane Street Group LLC acquired a new stake in shares of CONSOL Coal Resources in the fourth quarter valued at approximately $1,019,000. Finally, Virtus ETF Advisers LLC lifted its position in shares of CONSOL Coal Resources by 56.2% in the fourth quarter. Virtus ETF Advisers LLC now owns 279,021 shares of the energy company’s stock valued at $2,623,000 after buying an additional 100,363 shares during the last quarter. 21.86% of the stock is owned by institutional investors.
CONSOL Coal Resources Company Profile
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.
Further Reading: Initial Coin Offering (ICO)
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