Shares of CNX Coal Resources LP (NYSE:CNXC) have been given an average recommendation of “Buy” by the eight ratings firms that are covering the stock. Four analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $20.33.
A number of research analysts recently commented on the company. Jefferies Group LLC raised CNX Coal Resources from a “hold” rating to a “buy” rating and increased their target price for the company from $21.00 to $22.00 in a research note on Thursday, November 10th. FBR & Co increased their target price on CNX Coal Resources from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, November 23rd. J P Morgan Chase & Co cut CNX Coal Resources from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a research note on Friday, February 3rd. Stifel Nicolaus increased their target price on CNX Coal Resources from $17.00 to $21.00 and gave the company a “buy” rating in a research note on Tuesday, November 1st. Finally, Zacks Investment Research cut CNX Coal Resources from a “buy” rating to a “hold” rating in a research note on Tuesday, December 13th.
In related news, insider Dan D. Sandman acquired 5,500 shares of CNX Coal Resources stock in a transaction dated Tuesday, February 7th. The shares were purchased at an average cost of $17.97 per share, with a total value of $98,835.00. Following the completion of the purchase, the insider now owns 5,500 shares of the company’s stock, valued at $98,835. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Several hedge funds and other institutional investors have recently made changes to their positions in CNXC. Bradley Foster & Sargent Inc. CT bought a new position in shares of CNX Coal Resources during the third quarter worth about $376,000. EJF Capital LLC boosted its stake in CNX Coal Resources by 40.4% in the third quarter. EJF Capital LLC now owns 50,000 shares of the company’s stock valued at $775,000 after buying an additional 14,396 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in CNX Coal Resources by 1,265.8% in the third quarter. JPMorgan Chase & Co. now owns 138,874 shares of the company’s stock valued at $2,153,000 after buying an additional 128,706 shares during the last quarter. 62.40% of the stock is currently owned by hedge funds and other institutional investors.
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CNX Coal Resources (NYSE:CNXC) opened at 16.15 on Monday. The firm’s 50-day moving average price is $18.24 and its 200 day moving average price is $16.54. The firm has a market capitalization of $375.15 million, a P/E ratio of 19.46 and a beta of 1.75. CNX Coal Resources has a one year low of $6.04 and a one year high of $22.30.
CNX Coal Resources (NYSE:CNXC) last issued its quarterly earnings data on Monday, January 30th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.15. CNX Coal Resources had a return on equity of 12.05% and a net margin of 7.69%. During the same period in the previous year, the company posted $0.37 earnings per share. On average, equities analysts anticipate that CNX Coal Resources will post $1.87 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 15th. Stockholders of record on Thursday, February 9th will be paid a dividend of $0.5125 per share. This is a boost from CNX Coal Resources’s previous quarterly dividend of $0.51. This represents a $2.05 dividend on an annualized basis and a dividend yield of 12.69%. The ex-dividend date is Tuesday, February 7th. CNX Coal Resources’s dividend payout ratio (DPR) is 244.05%.
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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