Cool Company Ltd. (NYSE:CLCO) Given Average Rating of “Reduce” by Analysts

Shares of Cool Company Ltd. (NYSE:CLCO) have received a consensus recommendation of “Reduce” from the four research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

A number of research analysts recently issued reports on CLCO shares. Zacks Research cut shares of Cool from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. Wall Street Zen cut shares of Cool from a “hold” rating to a “sell” rating in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Cool in a research report on Wednesday, October 8th. Finally, B. Riley downgraded Cool from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th.

Hedge Funds Weigh In On Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. increased its stake in Cool Company Ltd. (NYSE:CLCO) by 3.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,564,815 shares of the company’s stock after purchasing an additional 132,704 shares during the period. Donald Smith & CO. Inc. owned approximately 6.64% of Cool worth $23,884,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 20.66% of the company’s stock.

Cool Stock Performance

NYSE:CLCO opened at $9.82 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 1.68. Cool has a 1-year low of $4.51 and a 1-year high of $9.87. The firm has a market capitalization of $527.33 million, a price-to-earnings ratio of 16.37 and a beta of 0.69. The business’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $8.40.

Cool (NYSE:CLCO) last posted its earnings results on Thursday, November 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $86.31 million during the quarter, compared to analyst estimates of $84.71 million. Cool had a return on equity of 7.94% and a net margin of 17.45%. On average, equities analysts expect that Cool will post 1.68 earnings per share for the current year.

Cool Company Profile

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. The company was founded in 1970 and is based in London, the United Kingdom.