CONSOL Coal Resources LP (CCR) shares are trading at higher $3.87 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $6.50.
To add more color to this target, the company’s high over the last year is $13.59 and the low is $3.54. Over the last 52 weeks, CCR is down -70.92% while the S&P 500 is up 19.82%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CCR reported a profit of $-5.6 million. CONSOL Coal Resources LP also saw revenues decrease to $33.83 million. In addition, CCR has free cash flow of $14.08 million as of 06-2020. The company’s EBITDA came in at $5.92 million which compares well with its peers.
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CCR booked profit margins of 3.10%, its Return on Equity (ROE) is 4.20%, and its Return on Assets is 1.70%. All told, it is clear that, CCR needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CCR has a short ratio of 2.55 and outstanding shares of 27.69M.
CCR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 44100.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.29. CONSOL Coal Resources LP CCR also noted assets of $472.51 million at the end of the last quarter. Investors should also keep an eye on sector updates as CCR has historically followed its peers on positive news.
All told, CONSOL Coal Resources LP CCR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CCR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
CONSOL Coal Resources LP CCR is now commanding a market cap of 100.81M and a float of 10.46M. CCR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CCR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CCR, either long or short, and we have not been compensated for this article.