Media coverage about CNX Coal Resources (NYSE:CNXC) has been trending somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CNX Coal Resources earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the energy company an impact score of 47.0453015740917 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- CNX Coal Resources’ (CNXC) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- CONSOL Energy Inc. (CNX) Consensus EPS Forecasts (famososartistas.com)
- CNX Coal Resources LP (NYSE:CNXC) Rating Increased to C at TheStreet (americanbankingnews.com)
- CNX Coal Resources LP (CNXC) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
A number of brokerages have commented on CNXC. Jefferies Group LLC set a $20.00 target price on CNX Coal Resources and gave the company a “buy” rating in a research note on Friday. TheStreet upgraded CNX Coal Resources from a “d” rating to a “c” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $23.00 price objective on CNX Coal Resources and gave the stock a “buy” rating in a research report on Wednesday, August 9th. BidaskClub upgraded CNX Coal Resources from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research upgraded CNX Coal Resources from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CNX Coal Resources presently has an average rating of “Buy” and a consensus price target of $21.17.
Shares of CNX Coal Resources (CNXC) traded down 2.87% during midday trading on Friday, reaching $15.25. The company had a trading volume of 31,080 shares. CNX Coal Resources has a 12 month low of $12.48 and a 12 month high of $22.30. The firm’s 50 day moving average price is $16.01 and its 200-day moving average price is $16.13. The company has a market capitalization of $355.77 million, a P/E ratio of 9.30 and a beta of 1.51.
CNX Coal Resources (NYSE:CNXC) last posted its 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. CNX Coal Resources had a return on equity of 22.89% and a net margin of 11.26%. The firm had revenue of $82.47 million during the quarter, compared to analyst estimates of $80.18 million. Analysts anticipate that CNX Coal Resources will post $1.75 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Monday, August 7th were issued a dividend of $0.5125 per share. The ex-dividend date was Thursday, August 3rd. This represents a $2.05 dividend on an annualized basis and a dividend yield of 13.06%. CNX Coal Resources’s payout ratio is 134.87%.
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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.
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