CNX Coal Resources LP (NYSE:CNXC) had its price objective reduced by Citigroup Inc. from $18.00 to $16.00 in a research report released on Tuesday. Citigroup Inc. currently has a neutral rating on the energy company’s stock.
A number of other analysts also recently weighed in on the stock. BidaskClub downgraded shares of CNX Coal Resources from a hold rating to a sell rating in a research report on Thursday, September 14th. Zacks Investment Research raised shares of CNX Coal Resources from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Jefferies Group LLC set a $20.00 target price on shares of CNX Coal Resources and gave the company a buy rating in a research report on Monday, July 10th. ValuEngine downgraded shares of CNX Coal Resources from a strong-buy rating to a buy rating in a research report on Friday, September 1st. Finally, Clarkson Capital reissued a buy rating on shares of CNX Coal Resources in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. CNX Coal Resources has an average rating of Buy and a consensus target price of $20.67.
CNX Coal Resources (NYSE CNXC) traded up 1.33% on Tuesday, reaching $15.20. 6,893 shares of the company traded hands. CNX Coal Resources has a one year low of $14.50 and a one year high of $22.30. The firm has a 50 day moving average of $15.01 and a 200-day moving average of $15.67. The stock has a market capitalization of $354.60 million, a PE ratio of 9.27 and a beta of 1.48.
CNX Coal Resources (NYSE:CNXC) last released its earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.11). The firm had revenue of $82.47 million for the quarter, compared to analyst estimates of $80.18 million. CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%. On average, analysts anticipate that CNX Coal Resources will post $1.60 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the business. Mountain Lake Investment Management LLC boosted its holdings in shares of CNX Coal Resources by 6.5% during the 2nd quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock worth $7,475,000 after buying an additional 30,400 shares in the last quarter. Freestone Capital Holdings LLC boosted its holdings in shares of CNX Coal Resources by 23.6% during the 2nd quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after buying an additional 39,868 shares in the last quarter. Arrow Investment Advisors LLC bought a new position in shares of CNX Coal Resources during the 2nd quarter worth approximately $676,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of CNX Coal Resources by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after buying an additional 72,361 shares in the last quarter. Hedge funds and other institutional investors own 59.87% 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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