BidaskClub downgraded shares of CNX Coal Resources LP (NYSE:CNXC) from a hold rating to a sell rating in a research note released on Tuesday, November 7th.
Several other equities research analysts also recently issued reports on the company. Clarkson Capital reissued a buy rating on shares of CNX Coal Resources in a research note on Wednesday, July 12th. Zacks Investment Research raised CNX Coal Resources from a strong sell rating to a hold rating in a research note on Wednesday, July 19th. TheStreet raised CNX Coal Resources from a d rating to a c rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $23.00 price objective on CNX Coal Resources and gave the company a buy rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC set a $20.00 price objective on CNX Coal Resources and gave the company a buy rating in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. CNX Coal Resources currently has a consensus rating of Buy and a consensus target price of $20.20.
CNX Coal Resources (NYSE:CNXC) traded up $0.25 during mid-day trading on Tuesday, hitting $13.60. The company had a trading volume of 22,900 shares, compared to its average volume of 49,055. The firm has a market cap of $371.48, a price-to-earnings ratio of 9.86 and a beta of 1.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.70. CNX Coal Resources has a twelve month low of $12.56 and a twelve month high of $20.40.
CNX Coal Resources (NYSE:CNXC) last announced its earnings results on Monday, October 30th. The energy company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.35). CNX Coal Resources had a net margin of 9.94% and a return on equity of 21.14%. The firm had revenue of $78.26 million for the quarter, compared to the consensus estimate of $76.46 million. equities research analysts forecast that CNX Coal Resources will post 1.41 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th were paid a dividend of $0.5125 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 15.07%. CNX Coal Resources’s dividend payout ratio (DPR) is presently 148.55%.
Several institutional investors have recently made changes to their positions in CNXC. Goldman Sachs Group Inc. grew its stake in shares of CNX Coal Resources by 94.2% during the first quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after purchasing an additional 72,361 shares during the period. Freestone Capital Holdings LLC grew its stake in CNX Coal Resources by 23.6% in the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock valued at $3,119,000 after acquiring an additional 39,868 shares during the period. Arrow Investment Advisors LLC acquired a new position in CNX Coal Resources in the second quarter valued at about $676,000. Finally, Mountain Lake Investment Management LLC grew its stake in CNX Coal Resources by 6.5% in the second quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock valued at $7,475,000 after acquiring an additional 30,400 shares during the period. 25.54% of the stock is owned by institutional investors and hedge funds.
CNX Coal Resources Company Profile
CNX Coal Resources LP is a producer of high-British thermal units (Btu) thermal coal in the Northern Appalachian Basin and the eastern United States. It is engaged in the management and development of coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. It holds interest in, and operational control over, CONSOL Energy’s Pennsylvania Mining Complex, which consists of three underground mines and related infrastructure that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.
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