CNX Coal Resources LP (CNXC) PT Set at $19.00 by FBR & Co
CNX Coal Resources LP (NYSE:CNXC) received a $19.00 price objective from investment analysts at FBR & Co in a note issued to investors on Thursday. The firm presently has a an “outperform” rating on the stock. FBR & Co’s price target suggests a potential upside of 13.03% from the stock’s current price.
CNXC has been the subject of several other research reports. Jefferies Group lifted their price objective on CNX Coal Resources from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, August 23rd. Citigroup Inc. began coverage on CNX Coal Resources in a research note on Thursday, July 28th. They set a “neutral” rating and a $14.00 price objective for the company. Zacks Investment Research upgraded CNX Coal Resources from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Tuesday, October 11th. Finally, Stifel Nicolaus raised their price target on CNX Coal Resources from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. CNX Coal Resources has an average rating of “Buy” and a consensus target price of $16.43.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 16.81 on Thursday. CNX Coal Resources has a 12 month low of $5.98 and a 12 month high of $19.23. The company has a market cap of $390.36 million, a price-to-earnings ratio of 700.42 and a beta of 2.03. The company’s 50 day moving average price is $14.93 and its 200 day moving average price is $10.93.
CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings data on Friday, July 29th. The company reported $0.11 earnings per share (EPS) 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%. On average, equities analysts expect that CNX Coal Resources will post $0.84 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNXC. A.R.T. Advisors LLC bought a new position in CNX Coal Resources during the second quarter valued at approximately $150,000. Mountain Lake Investment Management LLC increased its position 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 in the last quarter. Finally, Renaissance Technologies LLC bought a new position in CNX Coal Resources during the first quarter valued at approximately $698,000. Hedge funds and other 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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