BidaskClub lowered shares of CNX Coal Resources LP (NYSE:CNXC) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Other analysts also recently issued reports about the stock. Jefferies Group LLC set a $20.00 price target on shares of CNX Coal Resources and gave the stock a buy rating in a research report on Friday, August 18th. Clarkson Capital restated a buy rating on shares of CNX Coal Resources in a research report on Wednesday, July 12th. Stifel Nicolaus set a $23.00 price target on shares of CNX Coal Resources and gave the stock a buy rating in a research report on Wednesday, August 9th. 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. Finally, TheStreet upgraded shares of CNX Coal Resources from a d rating to a c rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. CNX Coal Resources currently has an average rating of Buy and a consensus price target of $21.17.

CNX Coal Resources (NYSE:CNXC) opened at 14.90 on Thursday. CNX Coal Resources has a 12 month low of $14.41 and a 12 month high of $22.30. The firm has a market capitalization of $347.60 million, a price-to-earnings ratio of 9.09 and a beta of 1.52. The firm’s 50-day moving average is $14.82 and its 200 day moving average is $15.38.

CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $82.47 million for the quarter, compared to the consensus estimate of $80.18 million. Equities analysts predict that CNX Coal Resources will post $1.71 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in CNXC. Arrow Investment Advisors LLC acquired a new position in shares of CNX Coal Resources in the 2nd quarter worth approximately $676,000. Goldman Sachs Group Inc. grew its stake in shares of CNX Coal Resources by 94.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after purchasing an additional 72,361 shares during the last quarter. Freestone Capital Holdings LLC grew its stake in shares of CNX Coal Resources by 23.6% in the 2nd quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after purchasing an additional 39,868 shares during the last quarter. Apollo Management Holdings L.P. grew its stake in shares of CNX Coal Resources by 72.1% in the 1st quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock worth $4,120,000 after purchasing an additional 101,788 shares during the last quarter. Finally, Mountain Lake Investment Management LLC grew its stake in shares of CNX Coal Resources by 6.5% in the 2nd quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock worth $7,475,000 after purchasing an additional 30,400 shares during the last quarter. 59.87% of the stock is currently 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.

Analyst Recommendations for CNX Coal Resources (NYSE:CNXC)

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