B. Riley Comments on CONSOL Coal Resources LP’s FY2019 Earnings (CCR)

CONSOL Coal Resources LP (NYSE:CCR) – B. Riley boosted their FY2019 earnings estimates for shares of CONSOL Coal Resources in a report released on Thursday, May 9th. B. Riley analyst L. Pipes now expects that the energy company will post earnings per share of $1.81 for the year, up from their prior estimate of $1.69.

CONSOL Coal Resources (NYSE:CCR) last released its earnings results on Wednesday, May 8th. The energy company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.10. The firm had revenue of $86.11 million during the quarter, compared to analyst estimates of $87.25 million. CONSOL Coal Resources had a return on equity of 26.44% and a net margin of 16.99%.

Separately, Zacks Investment Research downgraded CONSOL Coal Resources from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $20.33.

NYSE:CCR opened at $17.56 on Monday. The firm has a market capitalization of $483.25 million, a P/E ratio of 7.41 and a beta of 0.95. The company has a quick ratio of 0.45, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. CONSOL Coal Resources has a 12-month low of $14.58 and a 12-month high of $21.13.

A number of hedge funds and other institutional investors have recently made changes to their positions in CCR. Renaissance Technologies LLC purchased a new stake in CONSOL Coal Resources during the 3rd quarter worth about $906,000. Edge Capital Group LLC purchased a new stake in CONSOL Coal Resources during the 4th quarter worth about $738,000. Geode Capital Management LLC purchased a new stake in CONSOL Coal Resources during the 4th quarter worth about $611,000. Acadian Asset Management LLC purchased a new stake in CONSOL Coal Resources during the 4th quarter worth about $176,000. Finally, Macquarie Group Ltd. purchased a new stake in CONSOL Coal Resources during the 4th quarter worth about $116,000. 22.75% of the stock is owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, May 7th will be issued a dividend of $0.512 per share. This represents a $2.05 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date is Monday, May 6th. CONSOL Coal Resources’s dividend payout ratio (DPR) is 86.50%.

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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Earnings History and Estimates for CONSOL Coal Resources (NYSE:CCR)

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