Zacks Investment Research upgraded shares of CONSOL Coal Resources (NYSE:CCR) from a sell rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

According to Zacks, “CONSOL Coal Resources LP manages and develops active thermal coal operations. The company engages in underground mines and related infrastructure that produce high- BTU bituminuous thermal coal. It primarily sells its coal to electric utilities in the United States. CONSOL Coal Resources LP, formerly known as CNX Coal Resrcs, is based in Canonsburg, Pennsylvania. “

A number of other brokerages have also commented on CCR. ValuEngine lowered CONSOL Coal Resources from a hold rating to a sell rating in a report on Thursday, August 8th. B. Riley set a $17.00 price objective on CONSOL Coal Resources and gave the company a buy rating in a report on Wednesday, August 7th. Seaport Global Securities set a $19.00 price objective on CONSOL Coal Resources and gave the company a buy rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group lowered CONSOL Coal Resources from a buy rating to a hold rating and decreased their price objective for the company from $20.00 to $16.00 in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. CONSOL Coal Resources currently has a consensus rating of Hold and an average target price of $18.20.

Shares of NYSE CCR opened at $13.26 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.68 and a quick ratio of 0.51. The stock’s fifty day moving average price is $15.44 and its two-hundred day moving average price is $16.83. CONSOL Coal Resources has a one year low of $12.66 and a one year high of $21.13. The firm has a market cap of $366.37 million, a price-to-earnings ratio of 5.59 and a beta of 0.96.

CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings data on Tuesday, August 6th. The energy company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.01). CONSOL Coal Resources had a net margin of 15.97% and a return on equity of 24.27%. The firm had revenue of $89.65 million during the quarter, compared to analyst estimates of $89.20 million. On average, equities analysts anticipate that CONSOL Coal Resources will post 1.83 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 8th were issued a dividend of $0.512 per share. This represents a $2.05 annualized dividend and a dividend yield of 15.44%. The ex-dividend date of this dividend was Wednesday, August 7th. CONSOL Coal Resources’s dividend payout ratio (DPR) is currently 86.50%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. acquired a new stake in shares of CONSOL Coal Resources during the 4th quarter worth $116,000. Janney Montgomery Scott LLC bought a new stake in shares of CONSOL Coal Resources during the 2nd quarter worth $170,000. Russell Investments Group Ltd. lifted its position in shares of CONSOL Coal Resources by 37.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 11,100 shares of the energy company’s stock worth $185,000 after buying an additional 3,000 shares during the last quarter. Advantage Investment Management LLC lifted its position in shares of CONSOL Coal Resources by 13.5% during the 2nd quarter. Advantage Investment Management LLC now owns 15,875 shares of the energy company’s stock worth $265,000 after buying an additional 1,894 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new stake in shares of CONSOL Coal Resources during the 2nd quarter worth $269,000. 22.19% of the stock is currently owned by institutional investors.

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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