CNXC has been the subject of several other reports. Zacks Investment Research cut CNX Coal Resources from a strong-buy rating to a hold rating in a research note on Thursday, July 21st. Stifel Nicolaus upped their target price on CNX Coal Resources from $15.00 to $17.00 and gave the stock a buy rating in a research note on Thursday, July 28th. Finally, Citigroup Inc. started coverage on CNX Coal Resources in a research note on Thursday, July 28th. They set a neutral rating and a $14.00 target price for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $14.57.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 15.06 on Tuesday. The company’s 50 day moving average price is $13.39 and its 200-day moving average price is $9.91. The firm has a market capitalization of $349.72 million, a PE ratio of 627.50 and a beta of 2.08. CNX Coal Resources has a 52 week low of $5.98 and a 52 week high of $15.55.
CNX Coal Resources (NYSE:CNXC) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the 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 expect that CNX Coal Resources will post $0.85 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC purchased a new position in shares of CNX Coal Resources during the second quarter worth approximately $150,000. Mountain Lake Investment Management LLC boosted its position in shares of 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 worth $3,052,000 after buying an additional 102,500 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of CNX Coal Resources during the first quarter worth approximately $698,000. Finally, Howard Hughes Medical Institute boosted its position in shares of CNX Coal Resources by 20.4% in the first quarter. Howard Hughes Medical Institute now owns 37,552 shares of the company’s stock worth $270,000 after buying an additional 6,353 shares during the last quarter. Institutional investors own 59.04% of the company’s stock.
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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