CNX Coal Resources LP (CNXC) to Release Quarterly Earnings on Monday
CNX Coal Resources LP (NYSE:CNXC) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
CNX Coal Resources (NYSE:CNXC) last posted its earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.11). The company had revenue of $82.47 million for the quarter, compared to analysts’ expectations of $80.18 million. CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%. On average, analysts expect CNX Coal Resources to post $1.60 EPS for the current fiscal year and $1.95 EPS for the next fiscal year.
CNX Coal Resources LP (CNXC) opened at 15.10 on Monday. The stock has a market capitalization of $352.27 million, a PE ratio of 9.21 and a beta of 1.48. CNX Coal Resources LP has a 1-year low of $14.50 and a 1-year high of $22.30. The company’s 50-day moving average is $15.00 and its 200 day moving average is $15.66.
Several equities research analysts recently commented on CNXC shares. BidaskClub lowered shares of CNX Coal Resources from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. Zacks Investment Research raised shares of CNX Coal Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC set a $20.00 target price on shares of CNX Coal Resources and gave the stock a “buy” rating in a report on Monday, July 10th. ValuEngine lowered shares of CNX Coal Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Clarkson Capital reaffirmed a “buy” rating on shares of CNX Coal Resources in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.67.
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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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