CNX Coal Resources LP (CNXC) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of CNX Coal Resources LP (NYSE:CNXC) from a hold rating to a sell rating in a report released on Monday morning.

According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “

Several other analysts have also issued reports on the company. BidaskClub lowered CNX Coal Resources from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reiterated a buy rating and set a $23.00 price objective on shares of CNX Coal Resources in a research note on Tuesday, September 12th. ValuEngine lowered CNX Coal Resources from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Jefferies Group LLC set a $20.00 price objective on CNX Coal Resources and gave the company a buy rating in a research note on Friday, August 18th. Finally, TheStreet upgraded CNX Coal Resources from a d rating to a c rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.60.

CNX Coal Resources (NYSE:CNXC) opened at 15.00 on Monday. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $14.90. The company has a market cap of $349.94 million, a PE ratio of 9.15 and a beta of 1.48. 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 issued its 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 firm had revenue of $82.47 million during the quarter, compared to the consensus estimate 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 predict that CNX Coal Resources will post $1.67 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “CNX Coal Resources LP (CNXC) Downgraded to “Sell” at Zacks Investment Research” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/cnx-coal-resources-lp-cnxc-downgraded-to-sell-at-zacks-investment-research.html.

Several large investors have recently added to or reduced their stakes in the stock. Mountain Lake Investment Management LLC raised 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 valued at $7,475,000 after purchasing an additional 30,400 shares during the period. Freestone Capital Holdings LLC raised 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 valued at $3,119,000 after purchasing an additional 39,868 shares during the period. Arrow Investment Advisors LLC bought a new stake in shares of CNX Coal Resources during the 2nd quarter valued at $676,000. Goldman Sachs Group Inc. raised 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 valued at $2,529,000 after purchasing an additional 72,361 shares during the period. Finally, Apollo Management Holdings L.P. raised 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 valued at $4,120,000 after purchasing an additional 101,788 shares during the period. Institutional investors own 59.87% 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.

According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “

Several other analysts have also issued reports on the company. BidaskClub lowered CNX Coal Resources from a hold rating to a sell rating in a research note on Tuesday, October 3rd. Stifel Nicolaus reiterated a buy rating and set a $23.00 price objective on shares of CNX Coal Resources in a research note on Tuesday, September 12th. ValuEngine lowered CNX Coal Resources from a strong-buy rating to a buy rating in a research note on Friday, September 1st. Jefferies Group LLC set a $20.00 price objective on CNX Coal Resources and gave the company a buy rating in a research note on Friday, August 18th. Finally, TheStreet upgraded CNX Coal Resources from a d rating to a c rating in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $21.60.

CNX Coal Resources (NYSE:CNXC) opened at 15.00 on Monday. The firm’s 50-day moving average price is $14.90 and its 200 day moving average price is $14.90. The company has a market cap of $349.94 million, a PE ratio of 9.15 and a beta of 1.48. 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 issued its 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 firm had revenue of $82.47 million during the quarter, compared to the consensus estimate 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 predict that CNX Coal Resources will post $1.67 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “CNX Coal Resources LP (CNXC) Downgraded to “Sell” at Zacks Investment Research” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another website, it was illegally stolen and reposted in violation of US & international copyright & trademark laws. The correct version of this piece can be read at https://ledgergazette.com/2017/10/10/cnx-coal-resources-lp-cnxc-downgraded-to-sell-at-zacks-investment-research.html.

Several large investors have recently added to or reduced their stakes in the stock. Mountain Lake Investment Management LLC raised 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 valued at $7,475,000 after purchasing an additional 30,400 shares during the period. Freestone Capital Holdings LLC raised 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 valued at $3,119,000 after purchasing an additional 39,868 shares during the period. Arrow Investment Advisors LLC bought a new stake in shares of CNX Coal Resources during the 2nd quarter valued at $676,000. Goldman Sachs Group Inc. raised 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 valued at $2,529,000 after purchasing an additional 72,361 shares during the period. Finally, Apollo Management Holdings L.P. raised 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 valued at $4,120,000 after purchasing an additional 101,788 shares during the period. Institutional investors own 59.87% 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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