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. The Pennsylvania Mining Complex includes the Bailey Mine, the Enlow Fork Mine and the Harvey Mine. It mines its reserves from the Pittsburgh Number eight Coal Seam, which is a contiguous formation of uniform, Btu thermal coal. Its Bailey Mine is located in Enon, Pennsylvania. Its Enlow Fork Mine is located directly north of the Bailey Mine. Its Harvey Mine is located directly east of the Bailey and Enlow Fork Mines.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Coal - NEC
- Sub-Industry: N/A
- Symbol: NYSE:CNXC
- CUSIP: N/A
- Web: www.cnxlp.com
- Market Cap: $179.3 million
- Outstanding Shares: 23,329,000
- 50 Day Moving Avg: $16.00
- 200 Day Moving Avg: $16.10
- 52 Week Range: $12.48 - $22.30
Sales & Book Value:
- Trailing P/E Ratio: 9.33
- Foreward P/E Ratio: 7.61
- P/E Growth: 0.00
- Annual Revenue: $316.77 million
- Price / Sales: 1.13
- Book Value: $6.15 per share
- Price / Book: 2.49
- Annual Dividend: $2.05
- Dividend Yield: 13.4%
- EBIDTA: $95.25 million
- Net Margins: 11.26%
- Return on Equity: 22.89%
- Return on Assets: 7.21%
- Debt-to-Equity Ratio: 1.20%
- Current Ratio: 0.81%
- Quick Ratio: 0.58%
- Average Volume: 27,389 shs.
- Beta: 1.51
- Short Ratio: 1.14
Frequently Asked Questions for CNX Coal Resources LP (NYSE:CNXC)
What is CNX Coal Resources LP's stock symbol?
CNX Coal Resources LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNXC."
How often does CNX Coal Resources LP pay dividends? What is the dividend yield for CNX Coal Resources LP?
CNX Coal Resources LP announced a quarterly dividend on Thursday, July 27th. Shareholders of record on Monday, August 7th will be paid a dividend of $0.5125 per share on Tuesday, August 15th. This represents a $2.05 annualized dividend and a yield of 13.40%. The ex-dividend date of this dividend is Thursday, August 3rd. View CNX Coal Resources LP's Dividend History.
How were CNX Coal Resources LP's earnings last quarter?
CNX Coal Resources LP (NYSE:CNXC) announced its quarterly earnings data on Monday, July, 31st. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.51 by $0.11. The business had revenue of $82.47 million for the quarter, compared to analysts' expectations of $80.18 million. CNX Coal Resources LP had a net margin of 11.26% and a return on equity of 22.89%. View CNX Coal Resources LP's Earnings History.
When will CNX Coal Resources LP make its next earnings announcement?
Where is CNX Coal Resources LP's stock going? Where will CNX Coal Resources LP's stock price be in 2017?
6 brokers have issued 12-month price targets for CNX Coal Resources LP's shares. Their predictions range from $19.00 to $23.00. On average, they expect CNX Coal Resources LP's share price to reach $21.60 in the next year. View Analyst Ratings for CNX Coal Resources LP.
Who are some of CNX Coal Resources LP's key competitors?
Some companies that are related to CNX Coal Resources LP include Foresight Energy LP (FELP), Natural Resource Partners LP (NRP), Cloud Peak Energy (CLD), Hallador Energy Company (HNRG), Hargreaves Services plc (HSP), Coal of Africa Limited (CZA), Westmoreland Coal Company (WLB), Ncondezi Energy Ltd (NCCL), Edenville Energy PLC (EDL), Altona Energy Plc (ANR), Beacon Hill Resources Plc. (BHR), Churchill Mining Plc (CHL) and New World Resources PLC (NWR).
Who are CNX Coal Resources LP's key executives?
CNX Coal Resources LP's management team includes the folowing people:
- Nicholas J. DeIuliis, Chairman of the Board of CNX Coal Resources GP LLC
- James A. Brock, Chief Executive Officer, Director of CNX Coal Resources GP LLC
- Lorraine L. Ritter, Chief Financial Officer, Chief Accounting Officer of CNX Coal Resources GP LLC
- Martha A. Wiegand, General Counsel, Secretary of CNX Coal Resources GP LLC
- Stephen W. Johnson, Director of CNX Coal Resources GP LLC
- David M. Khani, Director of CNX Coal Resources GP LLC
- Michael L. Greenwood, Independent Director of CNX Coal Resources GP LLC
- Dan D. Sandman, Independent Director of CNX Coal Resources GP LLC
- Jeffrey L. Wallace, Independent Director of CNX Coal Resources GP LLC
When did CNX Coal Resources LP IPO?
(CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at a price of $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura served as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.
Who owns CNX Coal Resources LP stock?
CNX Coal Resources LP's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Mountain Lake Investment Management LLC (2.14%), Apollo Management Holdings L.P. (1.04%), Freestone Capital Holdings LLC (0.89%), Goldman Sachs Group Inc. (0.60%), Huber Capital Management LLC (0.30%) and Raffles Associates LP (0.24%). Company insiders that own CNX Coal Resources LP stock include Dan D Sandman and David M Khani. View Institutional Ownership Trends for CNX Coal Resources LP.
Who sold CNX Coal Resources LP stock? Who is selling CNX Coal Resources LP stock?
Who bought CNX Coal Resources LP stock? Who is buying CNX Coal Resources LP stock?
CNX Coal Resources LP's stock was purchased by a variety of institutional investors in the last quarter, including Arrow Investment Advisors LLC, Freestone Capital Holdings LLC and Mountain Lake Investment Management LLC. Company insiders that have bought CNX Coal Resources LP stock in the last two years include Dan D Sandman and David M Khani. View Insider Buying and Selling for CNX Coal Resources LP.
How do I buy CNX Coal Resources LP stock?
Shares of CNX Coal Resources LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is CNX Coal Resources LP's stock price today?
MarketBeat Community Rating for CNX Coal Resources LP (NYSE CNXC)MarketBeat's community ratings are surveys of what our community members think about CNX Coal Resources LP and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of CNX Coal Resources LP stock can currently be purchased for approximately $15.30.
Consensus Ratings for CNX Coal Resources LP (NYSE:CNXC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 5 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.83)|
|Consensus Price Target: ||$21.60 (41.18% upside)|
Analysts' Ratings History for CNX Coal Resources LP (NYSE:CNXC)
(Data available from 8/20/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/18/2017||Jefferies Group LLC||Set Price Target||Buy||$20.00||High|
|8/9/2017||Stifel Nicolaus||Set Price Target||Buy||$23.00||Low|
|7/12/2017||Clarkson Capital||Reiterated Rating||Buy||Low|
|2/3/2017||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$19.00||N/A|
|11/23/2016||FBR & Co||Boost Price Target||Outperform||$21.00 -> $23.00||N/A|
|11/3/2016||Seaport Global Securities||Initiated Coverage||Buy||$23.00||N/A|
|7/28/2016||Citigroup Inc.||Initiated Coverage||Neutral||$14.00||N/A|
|3/17/2016||Bank of America Corporation||Reiterated Rating||Neutral||N/A|
|10/27/2015||Cowen and Company||Lower Price Target||Outperform||$17.00 -> $15.00||N/A|
Earnings History for CNX Coal Resources LP (NYSE:CNXC)Earnings History by Quarter for CNX Coal Resources LP (NYSE CNXC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/31/2017||Q2 2017||$0.51||$0.40||$80.18 million||$82.47 million||View||N/A|
|5/1/2017||Q1 2017||$0.53||$0.50||$79.92 million||$83.28 million||View||Listen|
|1/30/2017||Q416||$0.59||$0.41||$77.60 million||$84.29 million||View||N/A|
|10/31/2016||Q316||$0.27||$0.21||$59.28 million||$69.80 million||View||Listen|
|7/29/2016||Q216||$0.19||$0.11||$54.61 million||$53.77 million||View||Listen|
|4/25/2016||Q116||$0.15||$0.11||$49.08 million||$47.84 million||View||Listen|
|1/28/2016||Q4||$0.51||$0.37||$59.96 million||$54.38 million||View||Listen|
|10/26/2015||Q315||$0.54||$0.62||$67.42 million||$65.15 million||View||Listen|
Earnings Estimates for CNX Coal Resources LP (NYSE:CNXC)
Current Year EPS Consensus Estimate: $1.77 EPS
Next Year EPS Consensus Estimate: $2.01 EPS
Current Dividend Information for CNX Coal Resources LP (NYSE:CNXC)
|Most Recent Dividend:||8/15/2017|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||134.87% (Trailing 12 Months of Earnings) |
115.82% (Based on This Year's Estimates)
101.99% (Based on Next Year's Estimates)
Dividend History by Quarter for CNX Coal Resources LP (NYSE CNXC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for CNX Coal Resources LP (NYSE:CNXC)
Institutional Ownership Percentage: 60.78%Insider Trades by Quarter for CNX Coal Resources LP (NYSE:CNXC)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|3/7/2017||David M Khani||Insider||Buy||3,000||$15.08||$45,240.00|| |
|2/7/2017||Dan D Sandman||Insider||Buy||5,500||$17.97||$98,835.00|| |
|7/7/2015||Jeffrey L Wallace||Insider||Buy||2,500||$15.00||$37,500.00|| |
Headline Trends for CNX Coal Resources LP (NYSE:CNXC)
Latest Headlines for CNX Coal Resources LP (NYSE:CNXC)
CNX Coal Resources LP (CNXC) Chart for Sunday, August, 20, 2017