The stock of CNX Coal Resources LP (NYSE:CNXC) hit a new 52-week high and has $58.41 target or 195.00% above today’s $19.80 share price. The 9 months bullish chart indicates low risk for the $452.32 million company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $58.41 price target is reached, the company will be worth $882.02 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 353,980 shares traded hands or 262.21% up from the average. CNX Coal Resources LP (NYSE:CNXC) has risen 159.48% since April 7, 2016 and is uptrending. It has outperformed by 154.69% the S&P500.
CNX Coal Resources LP (NYSE:CNXC) Ratings Coverage
Out of 11 analysts covering CNX Coal Resources LP (NYSE:CNXC), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. CNX Coal Resources LP has been the topic of 22 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Tuesday, July 28 the stock rating was initiated by BB&T Capital with “Buy”. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Outperform” rating by Cowen & Co on Tuesday, October 27. The stock has “Hold” rating given by Jefferies on Monday, July 27. Cowen & Co initiated the stock with “Outperform” rating in Monday, July 27 report. Stifel Nicolaus initiated it with “Buy” rating and $19 target price in Monday, July 27 report. The stock has “Buy” rating given by Stifel Nicolaus on Wednesday, January 20. As per Monday, July 27, the company rating was initiated by Citigroup. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Hold” rating by Jefferies on Tuesday, September 20. As per Wednesday, October 5, the company rating was maintained by Jefferies. The firm has “Neutral” rating given on Tuesday, November 24 by Bank of America.
According to Zacks Investment Research, “CNX Coal Resources LP is engaged in production of thermal coal. It manages and develops CONSOL Energy’s active thermal coal operations primarily in Pennsylvania. The company sells its coal to electric utilities. CNX Coal Resources LP is based in CANONSBURG, United States.”
More notable recent CNX Coal Resources LP (NYSE:CNXC) news were published by: Foxbusiness.com which released: “Why Teck Resources Limited, CNX Coal Resources LP, and SunCoke Energy Partners …” on November 09, 2016, also Prnewswire.com with their article: “CNX Coal Resources LP Announces Results for the Third Quarter 2016” published on October 31, 2016, Prnewswire.com published: “CNX Coal Resources LP to Webcast, Live, at VirtualInvestorConferences.com …” on October 27, 2016. More interesting news about CNX Coal Resources LP (NYSE:CNXC) were released by: Prnewswire.com and their article: “CNX Coal Resources LP Announces Results for the First Quarter 2016” published on April 25, 2016 as well as Reuters.com‘s news article titled: “BRIEF-CNX Coal Resources LP announces results for the Q3” with publication date: October 31, 2016.
CNXC Company Profile
CNX Coal Resources LP, incorporated on March 16, 2015, is a producer of thermal coal in the Northern Appalachian Basin and the eastern United States. The Firm is engaged in the management and development of the thermal coal activities 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.
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