Earnings estimates for CONSOL Coal Resources LP (NYSE: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.
Price Movement
In the past 12 months, CONSOL Coal Resources’ units have gained 31.9% compared with the industry’s rise of 1.9%.
VGM Score
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
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 (NYSE:CNX)'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. (NYSE:SXC) , Warrior Met Coal Inc. (NYSE:HCC) and Clearway Energy, Inc. (NYSE: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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SunCoke Energy, Inc. (SXC): Free Stock Analysis Report
Warrior Met Coal Inc. (HCC): Free Stock Analysis Report
CONSOL Coal Resources LP (CCR): Free Stock Analysis Report
Clearway Energy, Inc. (CWEN): Free Stock Analysis Report
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