CNX Coal Resources LP (NYSE:CNXC) had its target price upped by stock analysts at FBR & Co from $21.00 to $23.00 in a research note issued to investors on Wednesday. The firm presently has an “outperform” rating on the stock. FBR & Co’s target price points to a potential upside of 20.10% from the stock’s current price.
A number of other research firms also recently issued reports on CNXC. Zacks Investment Research raised CNX Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Thursday, September 22nd. Seaport Global Securities started coverage on CNX Coal Resources in a research report on Thursday, November 3rd. They issued a “buy” rating and a $23.00 target price for the company. Jefferies Group set a $18.00 target price on CNX Coal Resources and gave the stock a “hold” rating in a research report on Sunday, October 16th. Stifel Nicolaus lifted their price target on CNX Coal Resources from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Citigroup Inc. began coverage on CNX Coal Resources in a research report on Thursday, July 28th. They issued a “neutral” rating and a $14.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.33.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 19.15 on Wednesday. The company’s 50 day moving average price is $17.94 and its 200 day moving average price is $13.00. CNX Coal Resources has a 12 month low of $5.98 and a 12 month high of $22.30. The company has a market capitalization of $444.84 million, a P/E ratio of 24.30 and a beta of 1.86.
CNX Coal Resources (NYSE:CNXC) last released its earnings results on Monday, October 31st. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.08. CNX Coal Resources had a return on equity of 11.01% and a net margin of 8.26%. The firm earned $69.80 million during the quarter, compared to analysts’ expectations of $59.28 million. Analysts expect that CNX Coal Resources will post $0.96 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Thursday, November 10th were given a dividend of $0.512 per share. This represents a $2.05 annualized dividend and a yield of 10.69%. The ex-dividend date of this dividend was Tuesday, November 8th. CNX Coal Resources’s payout ratio is 256.25%.
Institutional investors have recently bought and sold shares of the company. A.R.T. Advisors LLC acquired a new position in CNX Coal Resources during the second quarter valued at approximately $150,000. KCG Holdings Inc. acquired a new position in CNX Coal Resources during the third quarter valued at approximately $169,000. Ameriprise Financial Inc. acquired a new position in CNX Coal Resources during the third quarter valued at approximately $250,000. Bradley Foster & Sargent Inc. CT acquired a new position in CNX Coal Resources during the third quarter valued at approximately $376,000. Finally, EJF Capital LLC boosted its position in CNX Coal Resources by 40.4% in the third quarter. EJF Capital LLC now owns 50,000 shares of the company’s stock valued at $775,000 after buying an additional 14,396 shares during the last quarter. Institutional investors and hedge funds own 60.01% of the company’s stock.
CNX Coal Resources Company Profile