Zacks Investment Research covered CNX Coal Resources LP (NYSE:CNXC), bumping its price target to $19.00 earlier today
- Updated: October 16, 2016
Yesterday CNX Coal Resources LP (NYSE:CNXC) traded 3.45% higher at $16.69. CNX Coal Resources LP’s 50-day average is $14.93 and its two hundred day average is $10.93. With the last stock price close up 53.76% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 61,662 shares of CNXC changing hands under the typical 83,178
Indicating a possible upside of 0.14%, Zacks Investment Research increased the stock price target of CNX Coal Resources LP (NYSE:CNXC) to $19.00
With a total market value of $0, CNX Coal Resources LP has price-earnings ratio of 700.42 with a one year low of $5.98 and a one year high of $19.23 .
A total of 6 analysts have released a research note on CNXC. Three analysts rating the company a strong buy, two analysts rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $10.83.
More 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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