Shares of CNX Coal Resources LP (NYSE:CNXC) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the company. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.83.
CNXC has been the subject of a number of research analyst reports. Jefferies Group reaffirmed a “hold” rating and issued a $9.00 price target on shares of CNX Coal Resources in a report on Monday, July 11th. Zacks Investment Research raised CNX Coal Resources from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Wednesday, July 13th. Stifel Nicolaus upped their price target on CNX Coal Resources from $15.00 to $17.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Finally, Citigroup Inc. assumed coverage on CNX Coal Resources in a report on Thursday, July 28th. They issued a “neutral” rating and a $14.00 price target for the company.
Several large investors have recently bought and sold shares of CNXC. A.R.T. Advisors LLC bought a new stake in CNX Coal Resources during the second quarter valued at approximately $150,000. Mountain Lake Investment Management LLC boosted its stake in CNX Coal Resources by 31.8% in the first quarter. Mountain Lake Investment Management LLC now owns 425,000 shares of the company’s stock valued at $3,052,000 after buying an additional 102,500 shares during the period. Renaissance Technologies LLC bought a new stake in CNX Coal Resources during the first quarter valued at approximately $698,000. Finally, Howard Hughes Medical Institute boosted its stake in CNX Coal Resources by 20.4% in the first quarter. Howard Hughes Medical Institute now owns 37,552 shares of the company’s stock valued at $270,000 after buying an additional 6,353 shares during the period. 59.04% of the stock is owned by institutional investors and hedge funds.
CNX Coal Resources (NYSE:CNXC) traded down 1.0376% during midday trading on Monday, reaching $15.0225. 18,291 shares of the company were exchanged. The company has a 50 day moving average of $13.45 and a 200-day moving average of $9.97. CNX Coal Resources has a 52-week low of $5.98 and a 52-week high of $15.55. The company has a market capitalization of $348.85 million, a price-to-earnings ratio of 625.9375 and a beta of 2.08.
CNX Coal Resources (NYSE:CNXC) last announced its quarterly earnings results on Friday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.02. CNX Coal Resources had a net margin of 12.85% and a return on equity of 16.14%. On average, equities research analysts anticipate that CNX Coal Resources will post $0.85 earnings per share for the current fiscal year.
CNX Coal Resources Company Profile
CNX Coal Resources LP is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Company is engaged in the management and development of the thermal coal operations of CONSOL Energy Inc (CONSOL Energy) in Pennsylvania. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.
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