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CNX Coal Resources LP (NYSE:CNXC) target price raised to $19.00, reported today by FBR & Co.

Yesterday CNX Coal Resources LP (NYSE:CNXC) traded -4.13% lower at $16.00. The company’s 50-day moving average is $14.73 and its 200-day moving average is $10.82. The last stock close price is up 47.81% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 132,096 shares of the stock were exchanged, up from an average trading volume of 81,635

CNX Coal Resources LP (NYSE:CNXC) had its target price raised to $19.00 by FBR & Co. in a report released 10/13/2016. The new target price indicates a possible upside of 0.19% based on the company's last stock close price.

Previously on Tuesday October 11, 2016, Zacks Investment Research reported about CNX Coal Resources LP (NYSE:CNXC) raised the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.14%.

See Chart Below

CNX Coal Resources LP (NYSE:CNXC)

CNX Coal Resources LP has a 52 week low of $5.98 and a 52 week high of $19.23 with a P/E ratio of 666.67 The company’s market cap is currently $0.

In addition to FBR & Co. reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $10.83 with 3 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About CNX Coal Resources LP (NYSE:CNXC)

CNX Coal Resources LP is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Company is engaged in the management and development of the thermal coal operations 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. The Bailey Mine is located in Enon, Pennsylvania. The Enlow Fork Mine is located directly north of the Bailey Mine. The Harvey Mine is located directly east of the Bailey and Enlow Fork Mines. It operates approximately five longwalls and over 20 continuous mining sections at the Pennsylvania mining complex.

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