BidaskClub upgraded shares of CNX Coal Resources LP (NYSE:CNXC) from a sell rating to a hold rating in a research report released on Monday.

Several other analysts have also recently issued reports on CNXC. Clarkson Capital reissued a buy rating on shares of CNX Coal Resources in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of CNX Coal Resources from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Finally, 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 Monday, July 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. CNX Coal Resources presently has a consensus rating of Buy and a consensus target price of $20.83.

Shares of CNX Coal Resources (CNXC) traded down 0.23% on Monday, reaching $16.10. 24,268 shares of the company were exchanged. CNX Coal Resources has a 52 week low of $11.98 and a 52 week high of $22.30. The stock has a market capitalization of $188.68 million, a price-to-earnings ratio of 10.59 and a beta of 1.51. The firm’s 50 day moving average price is $15.89 and its 200 day moving average price is $16.28.

CNX Coal Resources (NYSE:CNXC) last issued its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The business had revenue of $82.47 million for the quarter, compared to analyst estimates of $80.18 million. CNX Coal Resources had a return on equity of 22.82% and a net margin of 11.26%. Equities research analysts anticipate that CNX Coal Resources will post $1.71 EPS for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Monday, August 7th will be paid a dividend of $0.5125 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $2.05 dividend on an annualized basis and a dividend yield of 12.73%. CNX Coal Resources’s payout ratio is 134.87%.

Hedge funds have recently added to or reduced their stakes in the company. Howard Hughes Medical Institute raised 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 during the last quarter. Renaissance Technologies LLC raised 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 during the last quarter. Goldman Sachs Group Inc. raised 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 during the last quarter. Finally, Apollo Management Holdings L.P. raised 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 during the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.

CNX Coal Resources Company Profile

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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