Breaking Finance News

FBR & Co. announced CNX Coal Resources LP (NYSE:CNXC), bumping up its stock price target to $23.00 today

In a report released on 11/23/2016 FBR & Co. increased the stock price target of CNX Coal Resources LP (NYSE:CNXC) from $21.00 to $23.00 reporting a possible upside of 0.21%.

Previously on Friday January 29, 2016, Jefferies & Co reported on CNX Coal Resources LP (NYSE:CNXC) reduced the target price from $9.00 to $8.00. At the time, this indicated a possible upside of 0.07%.

Just yesterday CNX Coal Resources LP (NYSE:CNXC) traded -0.26% lower at $19.05. CNX Coal Resources LP’s 50-day moving average is $18.01 and its 200-day moving average is $13.08. The last closing price is up 46.04% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 46,181 shares of CNXC traded hands, down from an average trading volume of 96,606

Recent Performance Chart

CNX Coal Resources LP (NYSE:CNXC)

CNX Coal Resources LP has 52 week low of $5.98 and a 52 week high of $22.30 with a PE ratio of 24.24 and has a market capitalization of $0.

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

Brief Synopsis On 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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