CNX Coal Resources LP (CNXC) Rating Reiterated by Clarkson Capital
A number of other research firms have also commented on CNXC. Zacks Investment Research lowered shares of CNX Coal Resources from a hold rating to a sell rating in a research report on Monday, April 3rd. Jefferies Group LLC set a $20.00 price target on shares of CNX Coal Resources and gave the company a buy rating in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. CNX Coal Resources has an average rating of Buy and a consensus target price of $19.86.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 16.00 on Wednesday. CNX Coal Resources has a 52-week low of $10.00 and a 52-week high of $22.30. The company has a 50 day moving average price of $15.87 and a 200-day moving average price of $16.61. The firm has a market cap of $373.26 million, a P/E ratio of 13.48 and a beta of 1.48.
CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings data on Monday, May 1st. The energy company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.03. CNX Coal Resources had a net margin of 10.02% and a return on equity of 18.32%. The business had revenue of $83.28 million during the quarter, compared to analysts’ expectations of $79.92 million. On average, analysts expect that CNX Coal Resources will post $1.76 earnings per share for the current fiscal year.
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Several hedge funds have recently bought and sold shares of CNXC. Renaissance Technologies LLC increased its stake in CNX Coal Resources by 81.9% in the fourth quarter. Renaissance Technologies LLC now owns 116,965 shares of the energy company’s stock worth $2,135,000 after buying an additional 52,665 shares in the last quarter. Howard Hughes Medical Institute increased its stake in CNX Coal Resources by 9.3% in the first quarter. Howard Hughes Medical Institute now owns 41,200 shares of the energy company’s stock worth $698,000 after buying an additional 3,521 shares in the last quarter. Apollo Management Holdings L.P. increased its stake in CNX Coal Resources by 72.1% in the first quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock worth $4,120,000 after buying an additional 101,788 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in CNX Coal Resources by 94.2% in the first 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. 60.79% of the stock is owned by institutional investors.
About CNX Coal Resources
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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