CNX Coal Resources LP (NYSE:CNXC) has been assigned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $21.60.

A number of analysts recently issued reports on CNXC shares. Jefferies Group LLC reissued a “buy” rating and set a $20.00 target price on shares of CNX Coal Resources in a research note on Thursday, June 8th. Zacks Investment Research cut shares of CNX Coal Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Clarkson Capital reaffirmed a “buy” rating on shares of CNX Coal Resources in a research note on Wednesday, July 12th. BidaskClub raised shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus set a $23.00 price target on shares of CNX Coal Resources and gave the stock a “buy” rating in a research note on Wednesday, August 9th.

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CNX Coal Resources (NYSE:CNXC) traded down 1.32% during mid-day trading on Wednesday, reaching $15.00. 38,576 shares of the company’s stock were exchanged. CNX Coal Resources has a 52-week low of $13.29 and a 52-week high of $22.30. The stock has a 50-day moving average price of $15.77 and a 200 day moving average price of $15.88. The company has a market cap of $349.94 million, a PE ratio of 9.15 and a beta of 1.52.

CNX Coal Resources (NYSE:CNXC) last posted its earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share (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 business 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 fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th were paid a dividend of $0.5125 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.05 annualized dividend and a dividend yield of 13.67%. CNX Coal Resources’s dividend payout ratio is currently 134.87%.

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

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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