Zacks Investment Research downgraded CNX Coal Resources LP (NYSE:CNXC) to Hold in a report released today.
- Updated: September 26, 2016
Just yesterday CNX Coal Resources LP (NYSE:CNXC) traded -1.32% lower at $14.98. CNX Coal Resources LP’s 50-day moving average is $13.50 and its 200-day moving average is $10.07. The last stock price is up 48.78% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 44,917 shares of CNXC traded hands, down from an avg. volume of 72,033
Zacks Investment Research has downgraded CNX Coal Resources LP (NYSE:CNXC) to Hold in a statement released on 9/26/2016.
Previously on 9/22/2016, Zacks Investment Research released a statement about CNX Coal Resources LP (NYSE:CNXC) increased the target price from $0.00 to $17.00. At the time, this indicated a possible upside of 0.13%.
Recent Performance Chart
CNX Coal Resources LP has PE ratio of 624.17 with a one year low of $5.98 and a one year high of $15.55 and has a market capitalization of $0.
A total of 6 firms have released a report on CNX Coal Resources LP. Three brokerages rating the stock a strong buy, 2 firms rating the stock a buy, 2 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero analysts rating the company a sell with a average stock price target of $10.83.
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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