Cool Company Ltd. (NYSE:CLCO) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Cool Company Ltd. (NYSE:CLCO) have been given an average rating of “Reduce” by the four research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company.

Separately, Zacks Research cut Cool from a “hold” rating to a “strong sell” rating in a research note on Friday, November 21st.

Institutional Trading of Cool

An institutional investor recently raised its position in Cool stock. Donald Smith & CO. Inc. increased its position in shares of Cool Company Ltd. (NYSE:CLCO) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,564,815 shares of the company’s stock after acquiring an additional 132,704 shares during the quarter. Donald Smith & CO. Inc. owned about 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

CLCO opened at $9.67 on Friday. The firm has a 50 day simple moving average of $9.73 and a 200 day simple moving average of $9.02. Cool has a fifty-two week low of $4.51 and a fifty-two week high of $10.00. The company has a market cap of $519.31 million, a price-to-earnings ratio of 16.12 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.

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