Dividend Watching: CNX Coal Resources LP (NYSE:CNXC) gearing towards $0.51 dividends on Nov 15, 2016.

Dividend Watching: CNX Coal Resources LP (NYSE:CNXC) gearing towards $0.51 dividends on Nov 15, 2016.

CNX Coal Resources LP (NYSE:CNXC) is expected to pay $0.51 on Nov 15, 2016. The indicated annual dividend is $2.05. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on CNX Coal Resources LP’s current price of $18.00, the dividend is 2.84%. This dividend’s record date is Nov 10, 2016 and the announcement date is Nov 1, 2016. The stock increased 1.98% or $0.35 on November 4, hitting $18. CNX Coal Resources LP (NYSE:CNXC) has risen 158.99% since April 5, 2016 and is uptrending. It has outperformed by 157.04% the S&P500.

CNX Coal Resources LP is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The company has a market cap of $418.00 million. The Firm is engaged in the management and development of the thermal coal activities of CONSOL Energy Inc. in Pennsylvania. It has a 14.99 P/E ratio. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce bituminous thermal coal that is sold primarily to electric utilities in the eastern United States.

CNX Coal Resources LP (NYSE:CNXC) Ratings Coverage

Out of 11 analysts covering CNX Coal Resources LP (NYSE:CNXC), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. CNX Coal Resources LP has been the topic of 22 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, August 23 by Jefferies. The stock has “Hold” rating given by Jefferies on Tuesday, September 20. On Tuesday, November 24 the stock rating was downgraded by Bank of America to “Neutral”. Credit Suisse initiated the shares of CNXC in a report on Monday, July 27 with “Outperform” rating. Bank of America initiated the stock with “Buy” rating in Monday, July 27 report. The firm has “Buy” rating given on Tuesday, October 27 by Stifel Nicolaus. FBR Capital initiated CNX Coal Resources LP (NYSE:CNXC) on Friday, September 18 with “Outperform” rating. Cowen & Co initiated the stock with “Outperform” rating in Monday, July 27 report. Goldman Sachs initiated it with “Neutral” rating and $17 target price in Monday, July 27 report. Seaport Global initiated CNX Coal Resources LP (NYSE:CNXC) rating on Thursday, November 3. Seaport Global has “Buy” rating and $23 price target.

More notable recent CNX Coal Resources LP (NYSE:CNXC) news were published by: Prnewswire.com which released: “CNX Coal Resources LP Announces Results for the Third Quarter 2016” on October 31, 2016, also Prnewswire.com with their article: “CNX Coal Resources LP to Webcast, Live, at VirtualInvestorConferences.com …” published on October 27, 2016, Reuters.com published: “BRIEF-CNX Coal Resources LP announces results for the Q3” on October 31, 2016. More interesting news about CNX Coal Resources LP (NYSE:CNXC) were released by: Prnewswire.com and their article: “CNX Coal Resources LP Announces Results for the First Quarter 2016” published on April 25, 2016 as well as Prnewswire.com‘s news article titled: “CNX Coal Resources LP Announces Results for the Second Quarter 2016” with publication date: July 25, 2016.

CNXC Company Profile

CNX Coal Resources LP, incorporated on March 16, 2015, is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Firm is engaged in the management and development of the thermal coal activities of CONSOL Energy Inc. (CONSOL Energy) in Pennsylvania. The Company’s assets include interests in CONSOL Energy’s Pennsylvania mining complex, which consists of approximately three underground mines and related infrastructure that produce 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment