CNX Coal Resources LP (NYSE:CNXC) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

A number of other equities analysts have also issued reports on the stock. Zacks Investment Research raised shares of CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price target on shares of CNX Coal Resources in a research report on Thursday, June 8th. Clarkson Capital reissued a “buy” rating on shares of CNX Coal Resources in a research report on Wednesday, July 12th. ValuEngine lowered shares of CNX Coal Resources from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. Finally, TheStreet raised shares of CNX Coal Resources from a “d” rating to a “c” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.17.

CNX Coal Resources (NYSE CNXC) traded down 0.34% on Thursday, hitting $14.65. 37,270 shares of the stock traded hands. CNX Coal Resources has a 12 month low of $13.29 and a 12 month high of $22.30. The company has a market capitalization of $341.77 million, a PE ratio of 8.94 and a beta of 1.52. The firm has a 50-day moving average price of $14.93 and a 200-day moving average price of $15.89.

CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.11). CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%. The business had revenue of $82.47 million for the quarter, compared to analysts’ expectations of $80.18 million. Analysts forecast that CNX Coal Resources will post $1.71 earnings per share for the current year.

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Several large investors have recently bought and sold shares of CNXC. Arrow Investment Advisors LLC purchased a new position in shares of CNX Coal Resources during the 2nd quarter valued at approximately $676,000. Goldman Sachs Group Inc. increased its holdings in shares of CNX Coal Resources by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock valued at $2,529,000 after purchasing an additional 72,361 shares in the last quarter. Freestone Capital Holdings LLC increased its holdings in shares of CNX Coal Resources by 23.6% during the 2nd quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock valued at $3,119,000 after purchasing an additional 39,868 shares in the last quarter. Apollo Management Holdings L.P. increased its holdings in shares of CNX Coal Resources by 72.1% during the 1st quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock valued at $4,120,000 after purchasing an additional 101,788 shares in the last quarter. Finally, Mountain Lake Investment Management LLC increased its holdings in shares of CNX Coal Resources by 6.5% during the 2nd quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock valued at $7,475,000 after purchasing an additional 30,400 shares in the last quarter. 59.87% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for CNX Coal Resources (NYSE:CNXC)

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