Cool Company Ltd. (NYSE:CLCO) Receives Consensus Rating of "Reduce" from Brokerages
Cool Company Ltd. (NYSE:CLCO) has received a consensus "Reduce" rating from four research firms. One analyst rated it as "sell," while three rated it as "hold." Recent downgrades include B. Riley from "strong-buy" to "hold" and Zacks Research from "hold" to "strong sell." The stock opened at $9.73 with a market cap of $522.26 million. Donald Smith & CO. Inc. increased its stake by 3.9% in the 2nd quarter. Analysts expect Cool to post 1.68 EPS for the year.
Shares of Cool Company Ltd. (NYSE:CLCO - Get Free Report) have been assigned a consensus rating of "Reduce" from the four research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.
Several analysts recently weighed in on the company. B. Riley downgraded Cool from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Zacks Research lowered Cool from a "hold" rating to a "strong sell" rating in a report on Friday. Weiss Ratings restated a "hold (c-)" rating on shares of Cool in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Cool from a "hold" rating to a "sell" rating in a research report on Friday, September 26th.
Read Our Latest Stock Analysis on Cool
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Cool stock. Donald Smith & CO. Inc. raised its holdings in Cool Company Ltd. (NYSE:CLCO - Free Report) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,564,815 shares of the company's stock after buying an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned 6.64% of Cool worth $23,884,000 as of its most recent SEC filing. 20.66% of the stock is currently owned by hedge funds and other institutional investors.
Cool Stock Performance
Shares of CLCO opened at $9.73 on Tuesday. The company has a market capitalization of $522.26 million, a PE ratio of 57.21 and a beta of 0.70. Cool has a one year low of $4.51 and a one year high of $9.86. The company has a debt-to-equity ratio of 1.68, a current ratio of 0.79 and a quick ratio of 0.77. The company's fifty day moving average price is $9.41 and its 200 day moving average price is $7.88.
Cool (NYSE:CLCO - Get Free Report) last released its quarterly earnings results on Thursday, November 20th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.02. The firm had revenue of $86.31 million for the quarter, compared to the consensus estimate of $84.71 million. As a group, analysts expect that Cool will post 1.68 earnings per share for the current year.
About Cool
(Get Free Report)Cool Company Ltd. engages in the acquisition, ownership, operation, and chartering of liquefied natural gas carriers (LNGCs). As of December 31, 2023, it owned a fleet of eleven LNGCs, including seven modern tri-fuel diesel electric vessels; two modern 2-stroke and two TFDE vessels; and managed 17 LNGCs and floating storage and regasification units for third parties.
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