CNX Coal Resources LP (NYSE:CNXC) Downgraded by BidaskClub

BidaskClub downgraded 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, September 14th.

A number of other equities research analysts have also recently commented on CNXC. Jefferies Group LLC reiterated a buy rating and issued a $20.00 target price on shares of CNX Coal Resources in a research report 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 report on Tuesday, July 4th. 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 objective on shares of CNX Coal Resources and gave the stock a buy rating in a research report on Wednesday, August 9th. 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $21.17.

CNX Coal Resources (NYSE:CNXC) opened at 14.90 on Thursday. The stock has a 50 day moving average price of $14.89 and a 200-day moving average price of $14.89. The stock has a market cap of $347.60 million, a P/E ratio of 9.09 and a beta of 1.52. CNX Coal Resources has a 52 week low of $14.50 and a 52 week high of $22.30.

CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings data 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 company had revenue of $82.47 million for the quarter, compared to analysts’ expectations of $80.18 million. CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%. On average, equities analysts anticipate that CNX Coal Resources will post $1.71 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/09/24/cnx-coal-resources-lp-cnxc-cut-to-sell-at-bidaskclub.html.

A number of institutional investors have recently modified their holdings of the stock. Arrow Investment Advisors LLC acquired a new stake in CNX Coal Resources during the second quarter worth approximately $676,000. Goldman Sachs Group Inc. raised its holdings in CNX Coal Resources by 94.2% during the first 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 in the last quarter. Freestone Capital Holdings LLC raised its holdings in CNX Coal Resources by 23.6% during the second 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 in the last quarter. Apollo Management Holdings L.P. raised its holdings in CNX Coal Resources by 72.1% during the first 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 in the last quarter. Finally, Mountain Lake Investment Management LLC raised its holdings in CNX Coal Resources by 6.5% during the second 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 in the last quarter. Institutional investors own 59.87% of the company’s stock.

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)

Receive News & Ratings for CNX Coal Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Coal Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply