Jefferies Group Boosts CNX Coal Resources LP (CNXC) Price Target to $15.00
Several other analysts have also weighed in on the company. Citigroup Inc. initiated coverage on CNX Coal Resources in a report on Thursday, July 28th. They issued a neutral rating and a $14.00 price objective for the company. Zacks Investment Research lowered CNX Coal Resources from a strong-buy rating to a hold rating in a report on Thursday, July 21st. Finally, Stifel Nicolaus upped their price objective on CNX Coal Resources from $15.00 to $17.00 and gave the company a buy rating in a report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. CNX Coal Resources currently has a consensus rating of Buy and an average target price of $14.57.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 15.06 on Tuesday. The stock has a market cap of $349.72 million, a PE ratio of 627.50 and a beta of 2.08. The firm has a 50-day moving average price of $13.39 and a 200 day moving average price of $9.91. CNX Coal Resources has a 12-month low of $5.98 and a 12-month high of $15.55.
CNX Coal Resources (NYSE:CNXC) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ 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%. Equities research analysts predict that CNX Coal Resources will post $0.85 EPS for the current fiscal year.
Large investors have recently made changes to their positions in the company. A.R.T. Advisors LLC bought a new stake in shares of CNX Coal Resources during the second quarter worth approximately $150,000. Mountain Lake Investment Management LLC boosted its stake 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 period. Renaissance Technologies LLC bought a new stake in shares of CNX Coal Resources during the first quarter worth approximately $698,000. Finally, Howard Hughes Medical Institute boosted its stake 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 period. 59.04% of the stock is owned by institutional investors and hedge funds.
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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