Brokerages predict that CNX Coal Resources LP (NYSE:CNXC) will announce earnings of $0.48 per share for the current quarter, Zacks reports. Three analysts have issued estimates for CNX Coal Resources’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.57. CNX Coal Resources posted earnings per share of $0.41 in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.1%. The company is scheduled to report its next quarterly earnings results on Monday, January 29th.

On average, analysts expect that CNX Coal Resources will report full-year earnings of $1.43 per share for the current year, with EPS estimates ranging from $1.39 to $1.46. For the next fiscal year, analysts forecast that the business will report earnings of $1.78 per share, with EPS estimates ranging from $1.45 to $2.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow CNX Coal Resources.

CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings data on Monday, October 30th. The energy company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.35). The business had revenue of $78.26 million for the quarter, compared to analyst estimates of $76.46 million. CNX Coal Resources had a return on equity of 21.14% and a net margin of 9.94%.

Several analysts have recently weighed in on CNXC shares. Zacks Investment Research downgraded CNX Coal Resources from a “hold” rating to a “sell” rating in a report on Monday, October 9th. ValuEngine downgraded CNX Coal Resources from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Citigroup Inc. reduced their target price on CNX Coal Resources from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. FBR & Co set a $23.00 target price on CNX Coal Resources and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, BidaskClub raised CNX Coal Resources from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. CNX Coal Resources has a consensus rating of “Hold” and a consensus price target of $20.20.

A number of institutional investors and hedge funds have recently bought and sold shares of CNXC. Goldman Sachs Group Inc. raised its stake in CNX Coal Resources by 94.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 149,193 shares of the energy company’s stock valued at $2,529,000 after acquiring an additional 72,361 shares during the last quarter. Freestone Capital Holdings LLC raised its stake in CNX Coal Resources by 23.6% during the 2nd quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock valued at $3,119,000 after acquiring an additional 39,868 shares during the last quarter. Arrow Investment Advisors LLC purchased a new stake in CNX Coal Resources during the 2nd quarter valued at approximately $676,000. Finally, Mountain Lake Investment Management LLC raised its stake in CNX Coal Resources by 6.5% during the 2nd quarter. Mountain Lake Investment Management LLC now owns 500,000 shares of the energy company’s stock valued at $7,475,000 after acquiring an additional 30,400 shares during the last quarter. 59.82% of the stock is owned by hedge funds and other institutional investors.

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Shares of CNX Coal Resources (CNXC) opened at $14.30 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.70 and a debt-to-equity ratio of 1.26. The firm has a market cap of $390.60, a price-to-earnings ratio of 10.36 and a beta of 1.45.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th will be issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a dividend yield of 14.34%. The ex-dividend date of this dividend is Tuesday, November 7th. CNX Coal Resources’s payout ratio is currently 148.55%.

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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