CNX Coal Resources LP (NYSE:CNXC) had its price objective lowered by Citigroup Inc. from $18.00 to $16.00 in a research note released on Tuesday, October 17th. Citigroup Inc. currently has a neutral rating on the energy company’s stock.
Other research analysts have also issued research reports about the company. Jefferies Group LLC set a $20.00 price target on CNX Coal Resources and gave the stock a buy rating in a report on Friday, August 18th. BidaskClub upgraded CNX Coal Resources from a sell rating to a hold rating in a report on Monday, July 31st. Stifel Nicolaus set a $23.00 price target on CNX Coal Resources and gave the stock a buy rating in a report on Wednesday, August 9th. Clarkson Capital restated a buy rating on shares of CNX Coal Resources in a report on Wednesday, July 12th. Finally, Zacks Investment Research upgraded shares of CNX Coal Resources from a strong sell rating to a hold rating in a report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $20.20.
CNX Coal Resources (NYSE CNXC) traded up $0.10 during midday trading on Tuesday, hitting $14.40. 97,915 shares of the company traded hands, compared to its average volume of 47,258. The company has a current ratio of 0.70, a quick ratio of 0.52 and a debt-to-equity ratio of 1.26. The firm has a market cap of $390.61, a price-to-earnings ratio of 10.36 and a beta of 1.45.
CNX Coal Resources (NYSE:CNXC) last announced its quarterly earnings data on Monday, October 30th. The energy company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $76.46 million. equities research analysts forecast that CNX Coal Resources will post 1.43 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be paid a dividend of $0.5125 per share. This represents a $2.05 annualized dividend and a yield of 14.24%. The ex-dividend date of this dividend is Tuesday, November 7th. CNX Coal Resources’s payout ratio is 148.55%.
A number of hedge funds have recently bought and sold shares of CNXC. Goldman Sachs Group Inc. lifted its stake in 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 last quarter. Arrow Investment Advisors LLC purchased a new stake in CNX Coal Resources during the second quarter worth approximately $676,000. Freestone Capital Holdings LLC lifted its stake in CNX Coal Resources by 23.6% during the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after purchasing an additional 39,868 shares during the last quarter. Finally, Mountain Lake Investment Management LLC lifted its stake in CNX Coal Resources by 6.5% during the second quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock worth $7,475,000 after purchasing an additional 30,400 shares during the last quarter. Hedge funds and other institutional investors own 60.17% of the company’s stock.
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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