Somewhat Positive Press Coverage Somewhat Unlikely to Affect CNX Coal Resources (CNXC) Stock Price
News headlines about CNX Coal Resources (NYSE:CNXC) have trended somewhat positive on Saturday, Accern reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNX Coal Resources earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the energy company an impact score of 46.4172103219675 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
CNX Coal Resources (CNXC) traded down 2.55% during midday trading on Friday, hitting $15.30. 38,721 shares of the company were exchanged. CNX Coal Resources has a one year low of $12.48 and a one year high of $22.30. The firm’s 50-day moving average price is $16.00 and its 200-day moving average price is $16.10. The stock has a market capitalization of $356.93 million, a PE ratio of 9.33 and a beta of 1.51.
CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.11. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%. The firm had revenue of $82.47 million for the quarter, compared to the consensus estimate of $80.18 million. Equities research analysts anticipate that CNX Coal Resources will post $1.75 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Monday, August 7th were issued a dividend of $0.5125 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.05 annualized dividend and a yield of 13.40%. CNX Coal Resources’s payout ratio is 134.87%.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Clarkson Capital reiterated a “buy” rating on shares of CNX Coal Resources in a research report on Wednesday, July 12th. Zacks Investment Research upgraded shares of CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. TheStreet raised shares of CNX Coal Resources from a “d” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of CNX Coal Resources in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $21.17.
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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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