Today’s big question for investors is, “what’s going on with CONSOL Coal Resources LP (NYSE:CCR) stock? Its price is nose-diving -0.23 points, trading at $7.99 levels, and is down -2.74% from its previous close of $8.22. The shares seem to have an active trading volume day with a reported 166340 contracts so far this session. CCR shares had a relatively better volume day versus average trading capacity of 87.98 million shares, but with a 10.43 million float and a -29.86% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for CCR stock indicates that the average analyst price target is $11.5 per share. This means the stock has a potential increase of 43.93% from where the CCR share price has been trading recently.
During the recent trading session for CONSOL Coal Resources LP (NYSE:CCR), the company witnessed their stock drop by $-2.51 over a week and tumble down $-2.4 from the price 20 days ago. When compared to their established 52-week high of $18.87, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/26/19. The recent low of $7.55 stood for a -57.63% since 02/14/20, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.95 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for CONSOL Coal Resources LP, the two-week RSI stands at 29.67. This figure suggests that CCR stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current CCR readings is similarly very revealing as it has a stochastic reading of 4.96% at this stage. This figure means that CCR share price today is being overbought.
Technical chart claims that CONSOL Coal Resources LP (CCR) would settle between $8.57/share to $8.92/share level. However, if the stock price goes below the $8.05 mark, then the market for CONSOL Coal Resources LP becomes much weaker. If that happens, the stock price might even plunge as low as $7.87 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -1.54. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Jefferies lowered their recommendation on shares of CCR from Buy to Hold in their opinion released on August 06.
CCR equity has an average rating of 2.6, with the figure leaning towards a bullish end. 3 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 1 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 1 analysts rated CONSOL Coal Resources LP (NYSE:CCR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, CCR stock price is currently trading at 7.31X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 2.9. CONSOL Coal Resources LP current P/B ratio of 1.1 means it is trading at a premium against its industry’s 0.5.
CONSOL Coal Resources LP (CCR)’s current-quarter revenues are projected to climb by nearly -14.9% to hit $75.97 million, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -6.8% from $357180 to a noteworthy $332930. At the other end of the current quarter income statement, CONSOL Coal Resources LP is expected to see its adjusted earnings surge by roughly -42.4% to hit $0.34 per share. For the fiscal year, CCR’s earnings are projected to climb by roughly -29.1% to hit $1.68 per share.