CNX Coal Resources LP (NYSE:CNXC) had its price target raised by FBR & Co from $12.00 to $19.00 in a research note issued on Thursday. The firm currently has an “outperform” rating on the stock. FBR & Co’s price target suggests a potential upside of 18.75% from the stock’s current price.
CNXC has been the topic of a number of other reports. Jefferies Group raised their price objective on shares of CNX Coal Resources from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Tuesday, August 23rd. Citigroup Inc. began coverage on shares of CNX Coal Resources in a report on Thursday, July 28th. They set a “neutral” rating and a $14.00 price objective on the stock. Zacks Investment Research upgraded shares of CNX Coal Resources from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday. Finally, Stifel Nicolaus raised their price objective on shares of CNX Coal Resources from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. CNX Coal Resources has a consensus rating of “Buy” and a consensus target price of $16.43.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 16.00 on Thursday. The firm’s 50-day moving average is $14.73 and its 200-day moving average is $10.82. CNX Coal Resources has a 12-month low of $5.98 and a 12-month high of $19.23. The company has a market capitalization of $371.55 million, a PE ratio of 666.67 and a beta of 2.05.
CNX Coal Resources (NYSE:CNXC) last posted its earnings results on Friday, July 29th. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. CNX Coal Resources had a return on equity of 16.14% and a net margin of 12.85%. On average, equities research analysts anticipate that CNX Coal Resources will post $0.84 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. A.R.T. Advisors LLC acquired a new stake in shares of CNX Coal Resources during the second quarter valued at about $150,000. Mountain Lake Investment Management LLC raised its stake in shares of CNX Coal Resources by 31.8% in the first quarter. Mountain Lake Investment Management LLC now owns 425,000 shares of the company’s stock valued at $3,052,000 after buying an additional 102,500 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of CNX Coal Resources during the first quarter worth approximately $698,000. Hedge funds and other institutional investors own 59.04% of the company’s stock.
About CNX Coal Resources
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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