Equities analysts expect that CNX Coal Resources LP (NYSE:CNXC) will report earnings per share of $0.51 for the current quarter, Zacks reports. Three analysts have made estimates for CNX Coal Resources’ earnings. The highest EPS estimate is $0.66 and the lowest is $0.33. CNX Coal Resources posted earnings of $0.21 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 142.9%. The firm is expected to report its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that CNX Coal Resources will report full year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.63 to $1.87. For the next year, analysts anticipate that the firm will report earnings of $2.01 per share, with EPS estimates ranging from $1.62 to $2.67. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that cover CNX Coal Resources.

CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.51 by $0.11. The company had revenue of $82.47 million during the quarter, compared to analysts’ expectations of $80.18 million. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%.

CNXC has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $20.00 price objective on shares of CNX Coal Resources in a research note on Thursday, June 8th. Zacks Investment Research downgraded shares of CNX Coal Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 4th. Clarkson Capital reissued a “buy” rating on shares of CNX Coal Resources in a research note on Wednesday, July 12th. BidaskClub raised shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Stifel Nicolaus set a $23.00 price objective on shares of CNX Coal Resources and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $21.17.

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Several hedge funds have recently modified their holdings of CNXC. Apollo Management Holdings L.P. increased its position in shares of CNX Coal Resources by 72.1% during the first quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock worth $4,120,000 after purchasing an additional 101,788 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of CNX Coal Resources by 94.2% during the first quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock worth $2,529,000 after purchasing an additional 72,361 shares in the last quarter. Freestone Capital Holdings LLC increased its position in shares of CNX Coal Resources by 23.6% during the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after purchasing an additional 39,868 shares in the last quarter. Arrow Investment Advisors LLC acquired a new position in shares of CNX Coal Resources during the second quarter worth $676,000. Finally, Mountain Lake Investment Management LLC increased its position in shares of CNX Coal Resources by 6.5% during the second quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock worth $7,475,000 after purchasing an additional 30,400 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNX Coal Resources (NYSE CNXC) opened at 15.00 on Friday. The company has a 50 day moving average price of $15.77 and a 200 day moving average price of $15.88. CNX Coal Resources has a 1-year low of $13.29 and a 1-year high of $22.30. The stock has a market cap of $349.94 million, a P/E ratio of 9.15 and a beta of 1.52.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th were given a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 13.67%. The ex-dividend date was Thursday, August 3rd. CNX Coal Resources’s payout ratio is presently 134.87%.

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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