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

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

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

Institutional Investors Weigh In On Cool

A hedge fund recently raised its stake in Cool stock. Donald Smith & CO. Inc. increased its stake in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter. Institutional investors own 20.66% of the company’s stock.

Cool Price Performance

Cool stock opened at $9.83 on Friday. The firm has a market cap of $527.60 million, a PE ratio of 16.38 and a beta of 0.69. 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 stock’s fifty day moving average price is $9.73 and its two-hundred day moving average price is $8.33. Cool has a one year low of $4.51 and a one year high of $9.86.

Cool (NYSE:CLCO) last announced its quarterly earnings data on Thursday, November 20th. The company reported $0.21 earnings per share (EPS) for the quarter, topping 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. Cool had a net margin of 17.45% and a return on equity of 7.94%. As a group, research analysts expect that Cool will post 1.68 EPS for the current fiscal year.

About Cool

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.