CNX Coal Resources LP (NYSE:CNXC) is scheduled to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect CNX Coal Resources to post earnings of $0.48 per share for the quarter.
CNX Coal Resources (NYSE:CNXC) last issued 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). The company had revenue of $82.47 million during the quarter, compared to the consensus estimate of $80.18 million. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%. On average, analysts expect CNX Coal Resources to post $1.62 EPS for the current fiscal year and $1.92 EPS for the next fiscal year.
Shares of CNX Coal Resources LP (CNXC) opened at 14.80 on Friday. The company has a 50-day moving average price of $14.99 and a 200-day moving average price of $15.63. The company has a market capitalization of $345.27 million, a P/E ratio of 9.03 and a beta of 1.48. CNX Coal Resources LP has a 12 month low of $14.50 and a 12 month high of $22.30.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a dividend yield of 13.85%. CNX Coal Resources’s dividend payout ratio (DPR) is presently 134.87%.
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Several brokerages have recently commented on CNXC. Citigroup Inc. decreased their price target on CNX Coal Resources from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 17th. Zacks Investment Research raised CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Monday, October 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $23.00 price objective on shares of CNX Coal Resources in a report on Friday, October 13th. BidaskClub upgraded CNX Coal Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded CNX Coal Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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.
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