GSA Capital Partners LLP decreased its position in CNX Coal Resources LP (NYSE:CNXC) by 60.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,490 shares of the energy company’s stock after selling 45,087 shares during the quarter. GSA Capital Partners LLP owned about 0.13% of CNX Coal Resources worth $441,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of CNXC. Goldman Sachs Group Inc. grew 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 valued at $2,529,000 after purchasing an additional 72,361 shares during the last quarter. Arrow Investment Advisors LLC acquired a new stake in CNX Coal Resources during the second quarter worth approximately $676,000. Finally, Freestone Capital Holdings LLC grew its position in CNX Coal Resources by 23.6% during the second quarter. Freestone Capital Holdings LLC now owns 208,639 shares of the energy company’s stock worth $3,119,000 after buying an additional 39,868 shares in the last quarter. 59.87% of the stock is currently owned by institutional investors.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded CNX Coal Resources from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Stifel Nicolaus set a $23.00 price target on CNX Coal Resources and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Jefferies Group LLC set a $20.00 price target on CNX Coal Resources and gave the stock a “buy” rating in a research report on Friday, August 18th. TheStreet raised CNX Coal Resources from a “d” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded CNX Coal Resources from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $21.60.
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Shares of CNX Coal Resources LP (NYSE:CNXC) opened at 14.95 on Friday. CNX Coal Resources LP has a 12 month low of $14.50 and a 12 month high of $22.30. The firm has a market cap of $348.77 million, a P/E ratio of 9.12 and a beta of 1.48. The company’s 50-day moving average price is $14.93 and its 200-day moving average price is $14.93.
CNX Coal Resources (NYSE:CNXC) last released its quarterly earnings data on Monday, July 31st. The energy company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.11). CNX Coal Resources had a net margin of 11.26% and a return on equity of 22.89%. The business had revenue of $82.47 million during the quarter, compared to analysts’ expectations of $80.18 million. On average, analysts predict that CNX Coal Resources LP will post $1.67 EPS for the current year.
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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