CNX Coal Resources LP (NASDAQ:CNXC)‘s stock had its “outperform” rating reaffirmed by FBR & Co. in a note issued to investors on Monday, AnalystRatings.Net reports.

CNX Coal Resources (NASDAQ:CNXC) traded down 1.01% on Monday, hitting $7.82. The stock had a trading volume of 62,604 shares. The company has a market capitalization of $181.60 million and a price-to-earnings ratio of 5.81. CNX Coal Resources has a 52 week low of $6.01 and a 52 week high of $17.34. The firm has a 50-day moving average of $8.04 and a 200 day moving average of $11.93.

CNX Coal Resources (NASDAQ:CNXC) last released its earnings results on Thursday, January 28th. The company reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.14. On average, analysts predict that CNX Coal Resources will post $1.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 15th. Shareholders of record on Monday, February 8th will be paid a dividend of $0.5125 per share. This represents a $2.05 dividend on an annualized basis and a yield of 26.21%. The ex-dividend date of this dividend is Thursday, February 4th. This is a boost from CNX Coal Resources’s previous quarterly dividend of $0.48.

Other research analysts have also recently issued research reports about the company. Citigroup Inc. lowered their target price on CNX Coal Resources from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus lowered their target price on CNX Coal Resources from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, January 20th. Jefferies Group lowered their target price on CNX Coal Resources from $9.00 to $8.50 and set a “hold” rating for the company in a research note on Friday. Bank of America cut CNX Coal Resources from a “buy” rating to a “neutral” rating and lowered their target price for the company from $15.00 to $13.00 in a research note on Tuesday, November 24th. Finally, Cowen and Company lowered their target price on CNX Coal Resources from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $16.05.

CNX Coal Resources LP is a producer of thermal coal. The Company is formed by CONSOL Energy Inc. (NASDAQ:CNXC) to manage and develop all of its thermal coal operations in Pennsylvania. Its initial assets include around 20% undivided interest in and operational control over, CONSOL Energy’s Pennsylvania mining complex, which consists of around three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States. Its Pennsylvania mining complex, which includes the Bailey mine, the Enlow Fork mine and the Harvey mine, has coal reserves. The Company mines its reserves from the Pittsburgh No. 8 Coal Seam, which is a contiguous formation of uniform, thermal coal. The Pennsylvania mining complex includes around 785.6 million tons of coal reserves with an average gross heat content of approximately 13,000 British thermal units per pound and an average sulfur content of around 2.38%.

12 Month Chart for NASDAQ:CNXC

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