Zacks Investment Research reported on CNX Coal Resources LP (NYSE:CNXC), bumping up its target price to $17.00 today
- Updated: September 22, 2016
Boasting a price of $15.06, CNX Coal Resources LP (NYSE:CNXC) traded 0.74% higher on the day. With the last stock price close up 52.60% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. CNX Coal Resources LP has recorded a 50-day average of $13.36 and a two hundred day average of $9.87. Volume of trade was down over the average, with 46,288 shares of CNXC changing hands under the typical 72,688
CNX Coal Resources LP (NYSE:CNXC) had its target bumped up to $17.00 by Zacks Investment Research in an issued report announced 9/22/2016. The latest stock price target indicates a potential upside of 0.13% from the company's most recent stock price close.
On 9/20/2016, Jefferies & Co released a statement for CNX Coal Resources LP (NYSE:CNXC) bumped up the target price from $13.00 to $15.00 that suggested an upside of 0.02%.
With a total market value of $0, CNX Coal Resources LP has price-earnings ratio of 627.50 with a one year low of $5.98 and a one year high of $15.55 .
A total of 6 equity analysts have released a ratings update on CNXC. Three equity analysts rating the company a strong buy, two equity analysts rating the company a buy, two equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $10.83.
Brief Synopsis 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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