Earnings estimates for CONSOL Coal Resources LP CCR have been revised upward over the past 30 days, reflecting analysts’ optimism on the stock. The Zacks Consensus Estimate for 2018 and 2019 bottom line has moved 2.2% and 5.6% north to $2.35 and $2.28, respectively, in the said period.
CONSOL Coal Resources is a growth-oriented master limited partnership. It produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the Eastern United States.
Let’s focus on the factors that make CONSOL Coal a profitable pick at the moment.
In the past 12 months, CONSOL Coal Resources’ units have gained 31.9% compared with the industry’s rise of 1.9%.
The stock has an impressive VGM Score of B. Here V stands for Value, G for Growth and M for Momentum with the score being a weighted combination of all three factors. Back-tested results show that stocks with a favorable VGM Score of A or B coupled with a solid Zacks Rank offer the best investment options.
Earnings Surprise Trend & Estimate Revision
CONSOL Coal delivered a positive earnings surprise in three of the last four reported quarters, the average beat being 23.56%. Its current-year earnings estimates moved 60.96% up year over year to $2.35 per share.
Coal production was 5,188 tons at the end of the first nine months of 2018, up from 4,966 tons in the year-ago period. The firm’s coal production increased 222 tons to meet excess demand.
The partnership enables investors’ access to participate in the growing global thermal and met coal demand with a differentiated marketing strategy and control through its ownership of CONSOL Marine Terminal.
Strong Asset Base
The firm’s assets include 25% undivided ownership interest along with management and control rights in CONSOL Energy's Pennsylvania mining complex. The complex has three underground mines, namely Bailey, Enlow Fork and Harvey alongside a related infrastructure. With five longwall mining systems and 17 continuous mining sections, the Pennsylvania mining complex boasts an annual production capacity of 28.5 million tons.
Zacks Rank & Other Key Picks
CONSOL Coal Resources currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Other top-ranked stocks in the same sector include SunCoke Energy, Inc. SXC, Warrior Met Coal Inc. HCC and Clearway Energy, Inc. CWEN, each with a Zacks Rank of 1.
SunCoke Energy pulled off an earnings surprise of 302.65% in the last four reported quarters. The Zacks Consensus Estimate for 2018 earnings per share has been revised 48.3% upward to 43 cents over the past 30 days.
Warrior Met Coal delivered a positive surprise of 0.62% in the trailing four reported quarters. The Zacks Consensus Estimate for 2018 EPS moved 1.7% north to $8.23 over the past 30 days.
Clearway Energy came up with a beat of 178.04% in the previous four reported quarters. The Zacks Consensus Estimate for 2018 EPS has been raised 2.1% to $1.45 over the past 30 days.
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