Brokerages forecast that CNX Coal Resources LP (NYSE:CNXC) will announce $79.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for CNX Coal Resources’ earnings, with estimates ranging from $77.80 million to $83.65 million. CNX Coal Resources posted sales of $69.81 million in the same quarter last year, which would indicate a positive year over year growth rate of 14.3%. The business is scheduled to announce its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that CNX Coal Resources will report full-year sales of $79.78 million for the current fiscal year, with estimates ranging from $316.90 million to $331.13 million. For the next financial year, analysts forecast that the firm will post sales of $343.69 million per share, with estimates ranging from $311.00 million to $412.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for CNX Coal Resources.

CNX Coal Resources (NYSE:CNXC) last announced its quarterly 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 for the quarter, compared to analyst estimates of $80.18 million. CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%.

A number of brokerages have commented on CNXC. BidaskClub raised CNX Coal Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Clarkson Capital restated a “buy” rating on shares of CNX Coal Resources in a research note on Wednesday, July 12th. Zacks Investment Research upgraded CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet upgraded CNX Coal Resources from a “d” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $20.00 target price on shares of CNX Coal Resources in a research note on Thursday, June 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $21.17.

Shares of CNX Coal Resources (NYSE CNXC) opened at 15.30 on Wednesday. CNX Coal Resources has a one year low of $12.49 and a one year high of $22.30. The firm has a market capitalization of $356.93 million, a price-to-earnings ratio of 9.33 and a beta of 1.51. The stock’s 50 day moving average price is $16.02 and its 200 day moving average price is $16.04.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th were paid a $0.5125 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $2.05 dividend on an annualized basis and a dividend yield of 13.40%. CNX Coal Resources’s payout ratio is presently 134.87%.

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Several institutional investors have recently made changes to their positions in CNXC. Mountain Lake Investment Management LLC increased its position in shares of CNX Coal Resources by 6.5% in the second quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock worth $7,475,000 after buying an additional 30,400 shares during the last quarter. Arrow Investment Advisors LLC acquired a new position in shares of CNX Coal Resources during the second quarter worth $676,000. Freestone Capital Holdings LLC increased its position in shares of CNX Coal Resources by 23.6% in the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after buying an additional 39,868 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of CNX Coal Resources by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after buying an additional 72,361 shares during the last quarter. Finally, Apollo Management Holdings L.P. increased its position in shares of CNX Coal Resources by 72.1% in the first quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock worth $4,120,000 after buying an additional 101,788 shares during the last quarter. Hedge funds and other institutional investors own 60.78% 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.

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