CNX Coal Resources (CNXC) Given Coverage Optimism Rating of 0.21
News coverage about CNX Coal Resources (NYSE:CNXC) has been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CNX Coal Resources earned a daily sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also gave media coverage about the energy company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted AlphaOne Sentiment Analysis’s rankings:
- CNX Coal Resources LP (CNXC) Issues Earnings Results (americanbankingnews.com)
- Edited Transcript of CNXC earnings conference call or presentation 1-May-17 9:00pm GMT (finance.yahoo.com)
- CONSOL Energy (CNX) Beats on Q1 Earnings, Ups View (finance.yahoo.com)
- CNX Coal (CNXC) Q1 Earnings Miss, Revenues Beat Estimates (finance.yahoo.com)
- CONSOL (CNX) Beats Q1 Earnings & Revenue Estimates, Guidance Up (finance.yahoo.com)
Shares of CNX Coal Resources (NYSE:CNXC) traded down 6.36% on Wednesday, reaching $16.20. The company had a trading volume of 92,849 shares. CNX Coal Resources has a 52-week low of $7.55 and a 52-week high of $22.30. The company has a 50-day moving average price of $15.94 and a 200-day moving average price of $17.37. The firm has a market capitalization of $377.91 million, a PE ratio of 19.45 and a beta of 1.75.
CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings data on Monday, May 1st. The energy company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by $0.03. The business earned $83.28 million during the quarter, compared to the consensus estimate of $79.92 million. CNX Coal Resources had a return on equity of 12.05% and a net margin of 7.69%. Equities research analysts forecast that CNX Coal Resources will post $1.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 8th will be paid a $0.5125 dividend. The ex-dividend date is Thursday, May 4th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 12.65%. CNX Coal Resources’s payout ratio is presently 244.05%.
Several equities research analysts have commented on the company. Zacks Investment Research upgraded CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 21st. JPMorgan Chase & Co. lowered CNX Coal Resources from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research note on Friday, February 3rd. Finally, Jefferies Group LLC set a $22.00 price target on CNX Coal Resources and gave the stock a “buy” rating in a research note on Sunday, January 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. CNX Coal Resources currently has an average rating of “Buy” and a consensus target price of $20.14.
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In other CNX Coal Resources news, insider David M. Khani acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were acquired at an average cost of $15.08 per share, for a total transaction of $45,240.00. Following the completion of the purchase, the insider now owns 13,000 shares of the company’s stock, valued at approximately $196,040. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dan D. Sandman acquired 5,500 shares of the company’s stock in a transaction dated Tuesday, February 7th. The stock was acquired at an average price of $17.97 per share, for a total transaction of $98,835.00. Following the completion of the purchase, the insider now directly owns 5,500 shares of the company’s stock, valued at approximately $98,835. The disclosure for this purchase can be found here.
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.
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