CNX Coal Resources LP (NYSE:CNXC) has been assigned a $23.00 target price by equities researchers at Stifel Nicolaus in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 44.65% from the stock’s previous close.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, April 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of CNX Coal Resources in a report on Thursday, June 8th. Clarkson Capital reaffirmed a “buy” rating on shares of CNX Coal Resources in a report on Wednesday, July 12th. Finally, BidaskClub raised CNX Coal Resources from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $21.17.

CNX Coal Resources (NYSE:CNXC) opened at 15.90 on Wednesday. The firm has a market cap of $370.93 million, a P/E ratio of 9.70 and a beta of 1.51. CNX Coal Resources has a 12-month low of $11.98 and a 12-month high of $22.30. The company has a 50-day moving average price of $15.93 and a 200-day moving average price of $16.24.

CNX Coal Resources (NYSE:CNXC) last posted its quarterly earnings results on Monday, July 31st. The energy company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.11. The company 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%. On average, analysts predict that CNX Coal Resources will post $1.75 earnings per share for the current year.

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A number of large investors have recently modified their holdings of CNXC. Freestone Capital Holdings LLC raised its stake in shares of 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 period. Goldman Sachs Group Inc. increased its position in shares of 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 worth $2,529,000 after buying an additional 72,361 shares in the last quarter. Apollo Management Holdings L.P. increased its position in shares of 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 worth $4,120,000 after buying an additional 101,788 shares in the last quarter. Howard Hughes Medical Institute increased its position in shares of 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 worth $698,000 after buying an additional 3,521 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of CNX Coal Resources by 81.9% in the fourth quarter. Renaissance Technologies LLC now owns 116,965 shares of the energy company’s stock worth $2,135,000 after buying an additional 52,665 shares in the last quarter. 60.78% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for CNX Coal Resources (NYSE:CNXC)

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