CNX Coal Resources LP (CNXC) Posts Earnings Results, Misses Estimates By $0.35 EPS
CNX Coal Resources LP (NYSE:CNXC) issued its quarterly earnings results on Monday. The energy company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.35), Bloomberg Earnings reports. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%.
Shares of CNX Coal Resources (NYSE:CNXC) traded down 0.67% during midday trading on Tuesday, reaching $14.90. The company had a trading volume of 15,318 shares. The company has a 50 day moving average of $14.96 and a 200 day moving average of $15.59. CNX Coal Resources has a 12-month low of $14.50 and a 12-month high of $22.30. The firm has a market capitalization of $347.60 million, a price-to-earnings ratio of 9.09 and a beta of 1.48.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be paid a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 13.67%. CNX Coal Resources’s dividend payout ratio is currently 134.87%.
A number of equities analysts recently weighed in on the stock. Jefferies Group LLC set a $20.00 price target on shares of CNX Coal Resources and gave the stock a “buy” rating in a report on Friday, August 18th. FBR & Co set a $23.00 price target on shares of CNX Coal Resources and gave the stock a “buy” rating in a report on Tuesday. BidaskClub raised shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Stifel Nicolaus set a $23.00 price target on shares of CNX Coal Resources and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, Clarkson Capital reissued 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. The company has an average rating of “Buy” and a consensus target price of $20.67.
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.
Receive News & Ratings for CNX Coal Resources LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNX Coal Resources LP and related companies with MarketBeat.com's FREE daily email newsletter.