CNX Coal Resources LP (NYSE:CNXC) was upgraded by investment analysts at TheStreet from a “d” rating to a “c” rating in a research note issued on Wednesday.

A number of other equities research analysts have also weighed in on CNXC. Zacks Investment Research raised shares of CNX Coal Resources from a “strong sell” rating to a “hold” rating in a report on Friday, April 21st. Jefferies Group LLC reissued a “buy” rating and set a $20.00 price objective on shares of CNX Coal Resources in a report on Thursday, June 8th. Clarkson Capital reissued a “buy” rating on shares of CNX Coal Resources in a report on Wednesday, July 12th. BidaskClub raised shares of CNX Coal Resources from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Stifel Nicolaus set a $23.00 price objective on shares of CNX Coal Resources and gave the company a “buy” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.17.

CNX Coal Resources (NYSE:CNXC) opened at 16.10 on Wednesday. CNX Coal Resources has a 1-year low of $12.33 and a 1-year high of $22.30. The stock has a 50 day moving average price of $15.97 and a 200-day moving average price of $16.24. The stock has a market capitalization of $375.60 million, a P/E ratio of 9.82 and a beta of 1.51.

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 business had revenue of $82.47 million for the quarter, compared to analyst estimates of $80.18 million. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%. Equities research analysts expect that CNX Coal Resources will post $1.75 EPS for the current year.

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A number of large investors have recently bought and sold shares of CNXC. Apollo Management Holdings L.P. raised its stake in CNX Coal Resources by 72.1% in the first quarter. Apollo Management Holdings L.P. now owns 243,047 shares of the energy company’s stock valued at $4,120,000 after buying an additional 101,788 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in CNX Coal Resources by 23.6% in the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock valued at $3,119,000 after buying an additional 39,868 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in CNX Coal Resources by 94.2% in the first quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock valued at $2,529,000 after buying an additional 72,361 shares during the last quarter. Renaissance Technologies LLC raised its stake in CNX Coal Resources by 81.9% in the fourth quarter. Renaissance Technologies LLC now owns 116,965 shares of the energy company’s stock valued at $2,135,000 after buying an additional 52,665 shares during the last quarter. Finally, Howard Hughes Medical Institute raised its stake in CNX Coal Resources by 9.3% in the first quarter. Howard Hughes Medical Institute now owns 41,200 shares of the energy company’s stock valued at $698,000 after buying an additional 3,521 shares during the last quarter. 60.78% of the stock is currently owned by 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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