Research Analysts’ Recent Ratings Updates for CNX Coal Resources (CNXC)

CNX Coal Resources (NYSE: CNXC) has recently received a number of price target changes and ratings updates:

  • 11/15/2017 – CNX Coal Resources was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/7/2017 – CNX Coal Resources was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/2/2017 – CNX Coal Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “
  • 11/1/2017 – CNX Coal Resources had its “buy” rating reaffirmed by analysts at B. Riley.
  • 10/31/2017 – CNX Coal Resources was given a new $23.00 price target on by analysts at FBR & Co. They now have a “buy” rating on the stock. They wrote, “On October 30, CNXC announced 3Q17 results with adjusted EBITDA of $18.5M, which was in the middle of the range that the partnership pre-announced on October 16 th . The lower results versus prior expectations were largely driven by higher costs due to production challenges. Geotechnical issues at Enlow Fork and delayed permits at Bailey contributed to cash costs of $29.26/t versus $25.55/t in Q2. As a result, the company has adjusted down the high end of its 2017 adjusted EBITDA guidance by $13M to a range of $95M to $102M. However, productions volume going into 2018 is not expected to be affected. During the quarter, CNXC also continued to lock in supply commitments and it is now over 80% contracted for 2018. With the domestic thermal coal market tightening due to decreasing inventories, strong export demand, and some voluntary and involuntary production cutbacks, we feel confident about CNXC’s position heading into the winter months.””
  • 10/17/2017 – CNX Coal Resources had its price target lowered by analysts at Citigroup Inc. from $18.00 to $16.00. They now have a “neutral” rating on the stock.
  • 10/16/2017 – CNX Coal Resources was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “
  • 10/13/2017 – CNX Coal Resources had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $23.00 price target on the stock.
  • 10/11/2017 – CNX Coal Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 10/9/2017 – CNX Coal Resources was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States. “
  • 10/3/2017 – CNX Coal Resources was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 9/27/2017 – CNX Coal Resources was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of CNX Coal Resources LP (NYSE CNXC) opened at $13.30 on Wednesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.70. CNX Coal Resources LP has a 12-month low of $12.56 and a 12-month high of $20.85. The company has a market capitalization of $370.12, a P/E ratio of 9.82 and a beta of 1.45.

CNX Coal Resources (NYSE:CNXC) last issued its quarterly earnings results on Monday, October 30th. The energy company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.35). The firm had revenue of $78.26 million for the quarter, compared to analysts’ expectations of $76.46 million. CNX Coal Resources had a return on equity of 21.14% and a net margin of 9.94%. analysts predict that CNX Coal Resources LP will post 1.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 15.41%. The ex-dividend date of this dividend is Tuesday, November 7th. CNX Coal Resources’s dividend payout ratio (DPR) is currently 148.55%.

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.

Leave a Reply