CONSOL Coal Resources LP (NYSE:CCR) Short Interest Up 10.0% in May
CONSOL Coal Resources LP (NYSE:CCR) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 183,500 shares, a growth of 10.0% from the April 30th total of 166,800 shares. Based on an average trading volume of 70,900 shares, the short-interest ratio is presently 2.6 days. Currently, 1.7% of the shares of the stock are short sold.
CONSOL Coal Resources stock traded down $0.08 during trading hours on Thursday, reaching $4.44. 21,245 shares of the company’s stock were exchanged, compared to its average volume of 64,224. The company has a quick ratio of 0.49, a current ratio of 0.68 and a debt-to-equity ratio of 1.00. The firm’s 50 day simple moving average is $5.05 and its 200 day simple moving average is $8.06. CONSOL Coal Resources has a twelve month low of $3.95 and a twelve month high of $17.08. The firm has a market capitalization of $122.39 million, a PE ratio of 4.08 and a beta of 1.01.
CONSOL Coal Resources (NYSE:CCR) last issued its quarterly earnings results on Monday, May 11th. The energy company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.06). CONSOL Coal Resources had a return on equity of 14.12% and a net margin of 9.58%. The business had revenue of $67.37 million for the quarter, compared to analyst estimates of $71.30 million. Analysts anticipate that CONSOL Coal Resources will post 0.18 EPS for the current year.
Several research analysts recently issued reports on CCR shares. Benchmark started coverage on CONSOL Coal Resources in a research report on Wednesday, February 19th. They set a “hold” rating and a $8.21 target price for the company. Zacks Investment Research raised CONSOL Coal Resources from a “sell” rating to a “hold” rating in a research report on Monday, March 23rd. TheStreet lowered CONSOL Coal Resources from a “c” rating to a “d+” rating in a research report on Monday. B. Riley lowered their target price on CONSOL Coal Resources from $11.00 to $9.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. Finally, ValuEngine lowered CONSOL Coal Resources from a “hold” rating to a “sell” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. CONSOL Coal Resources currently has a consensus rating of “Hold” and a consensus target price of $13.05.
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.
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