CONSOL Coal Resources (CCR) Lowered to “Hold” at Zacks Investment Research

CONSOL Coal Resources (NYSE:CCR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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. “

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A number of other equities analysts also recently commented on CCR. Citigroup lifted their target price on shares of CONSOL Coal Resources from $16.00 to $19.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. ValuEngine downgraded shares of CONSOL Coal Resources from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $20.33.

Shares of CCR stock opened at $18.49 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.45 and a debt-to-equity ratio of 0.75. CONSOL Coal Resources has a 12 month low of $13.40 and a 12 month high of $21.13. The stock has a market cap of $500.90 million, a price-to-earnings ratio of 7.68 and a beta of 1.01.

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $34,000. Cypress Capital Management LLC WY increased its position in shares of CONSOL Coal Resources by 170.6% during the fourth quarter. Cypress Capital Management LLC WY now owns 3,098 shares of the energy company’s stock valued at $51,000 after acquiring an additional 1,953 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $116,000. Acadian Asset Management LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $176,000. Finally, Geode Capital Management LLC acquired a new stake in shares of CONSOL Coal Resources during the fourth quarter valued at about $611,000. Institutional investors and hedge funds own 23.13% of the company’s stock.

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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