CNX Coal Resources (CNXC) Getting Somewhat Favorable News Coverage, Analysis Shows

Media coverage about CNX Coal Resources (NYSE:CNXC) has trended somewhat positive recently, according to Accern. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNX Coal Resources earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the energy company an impact score of 47.2769877356942 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Shares of CNX Coal Resources (NYSE CNXC) traded down $0.05 during midday trading on Monday, reaching $13.40. 16,500 shares of the company traded hands, compared to its average volume of 48,990. The stock has a market cap of $366.02, a price-to-earnings ratio of 9.71 and a beta of 1.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.70. CNX Coal Resources has a 12 month low of $13.15 and a 12 month high of $20.85.

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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be issued a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 15.30%. The ex-dividend date is Tuesday, November 7th. CNX Coal Resources’s payout ratio is presently 148.55%.

Several equities analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating on shares of CNX Coal Resources in a report on Wednesday, November 1st. BidaskClub lowered shares of CNX Coal Resources from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered shares of CNX Coal Resources from a “hold” rating to a “strong sell” rating in a report on Thursday, November 2nd. FBR & Co set a $23.00 target price on shares of CNX Coal Resources and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, Citigroup Inc. cut their target price on shares of CNX Coal Resources from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. CNX Coal Resources presently has an average rating of “Hold” and an average target price of $20.20.

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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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