CNX Coal Resources LP (NYSE:CNXC) declared a quarterly dividend on Thursday, October 26th, RTT News reports. Investors of record on Wednesday, November 8th will be given a dividend of 0.5125 per share by the energy company on Wednesday, November 15th. This represents a $2.05 annualized dividend and a yield of 14.34%. The ex-dividend date is Tuesday, November 7th.

CNX Coal Resources has a dividend payout ratio of 125.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CNX Coal Resources to earn $1.78 per share next year, which means the company may not be able to cover its $2.05 annual dividend with an expected future payout ratio of 115.2%.

CNX Coal Resources (NYSE:CNXC) opened at $14.30 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.70 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $390.61, a PE ratio of 10.36 and a beta of 1.45.

CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings data on Monday, October 30th. The energy company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.35). CNX Coal Resources had a return on equity of 21.14% and a net margin of 9.94%. The business had revenue of $78.26 million during the quarter, compared to analysts’ expectations of $76.46 million. equities analysts forecast that CNX Coal Resources will post 1.43 EPS for the current year.

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Several equities research analysts have weighed in on CNXC shares. Zacks Investment Research upgraded CNX Coal Resources from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 19th. BidaskClub cut CNX Coal Resources from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. TheStreet upgraded CNX Coal Resources from a “d” rating to a “c” rating in a report on Wednesday, August 9th. Jefferies Group LLC set a $20.00 price objective on CNX Coal Resources and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, FBR & Co set a $23.00 price objective on CNX Coal Resources and gave the stock a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.20.

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.

Dividend History for CNX Coal Resources (NYSE:CNXC)

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