CNX Coal Resources LP (CNXC) Given a $19.00 Price Target by FBR & Co Analysts
CNX Coal Resources LP (NYSE:CNXC) has been assigned a $19.00 target price by analysts at FBR & Co in a research note issued to investors on Thursday. The brokerage presently has a an “outperform” rating on the stock. FBR & Co’s price target would suggest a potential upside of 16.92% from the company’s current price.
CNXC has been the topic of several other research reports. Jefferies Group boosted their target price on CNX Coal Resources from $13.00 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, September 20th. Zacks Investment Research upgraded CNX Coal Resources from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday, September 22nd. Stifel Nicolaus boosted their target price on CNX Coal Resources from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, July 28th. Finally, Citigroup Inc. started coverage on CNX Coal Resources in a research note on Thursday, July 28th. They issued a “neutral” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. CNX Coal Resources presently has a consensus rating of “Buy” and a consensus target price of $16.43.
Shares of CNX Coal Resources (NYSE:CNXC) opened at 16.25 on Thursday. CNX Coal Resources has a 52 week low of $5.98 and a 52 week high of $19.23. The firm has a market cap of $377.36 million, a P/E ratio of 677.08 and a beta of 2.05. The stock has a 50 day moving average of $14.83 and a 200 day moving average of $10.86.
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CNX Coal Resources (NYSE:CNXC) last released its earnings results on Friday, July 29th. The company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.02. CNX Coal Resources had a net margin of 12.85% and a return on equity of 16.14%. Equities analysts forecast that CNX Coal Resources will post $0.84 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC acquired a new stake in CNX Coal Resources during the second quarter worth $150,000. Mountain Lake Investment Management LLC boosted its stake in 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 worth $3,052,000 after buying an additional 102,500 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in CNX Coal Resources during the first quarter worth $698,000. Institutional investors and hedge funds own 59.04% of the company’s stock.
CNX Coal Resources Company Profile
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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