The stock of CNX Coal Resources LP (NYSE:CNXC) reached all time high today, Nov, 10 and still has $30.45 target or 45.00% above today’s $21.00 share price. This indicates more upside for the $545.37 million company. This technical setup was reported by Barchart.com. If the $30.45 PT is reached, the company will be worth $245.42 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 80,738 shares traded hands. CNX Coal Resources LP (NYSE:CNXC) has risen 188.82% since April 8, 2016 and is uptrending. It has outperformed by 183.18% 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. The firm has “Hold” rating given on Tuesday, September 20 by Jefferies. The rating was initiated by Cowen & Co with “Outperform” on Monday, July 27. The rating was initiated by JP Morgan with “Overweight” on Monday, July 27. The company was maintained on Tuesday, October 27 by Cowen & Co. The company was initiated on Friday, September 18 by FBR Capital. The stock has “Buy” rating given by Seaport Global on Thursday, November 3. As per Monday, July 27, the company rating was initiated by Goldman Sachs. Credit Suisse initiated the shares of CNXC in a report on Monday, July 27 with “Outperform” rating. Jefferies initiated it with “Hold” rating and $14.50 target price in Monday, July 27 report. The stock of CNX Coal Resources LP (NYSE:CNXC) has “Buy” rating given on Wednesday, January 20 by Stifel Nicolaus.
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: Finance.Yahoo.com which released: “CNX Coal Resources LP Presentation Now Available for On-Demand Viewing” on November 07, 2016, also Foxbusiness.com with their article: “Why Teck Resources Limited, CNX Coal Resources LP, and SunCoke Energy Partners …” published on November 09, 2016, Prnewswire.com published: “CNX Coal Resources LP Announces Results for the Third Quarter 2016” on October 31, 2016. More interesting news about CNX Coal Resources LP (NYSE:CNXC) were released by: Prnewswire.com and their article: “CNX Coal Resources LP to Webcast, Live, at VirtualInvestorConferences.com …” published on October 27, 2016 as well as Prnewswire.com‘s news article titled: “CNX Coal Resources LP Announces Results for the First Quarter 2016” with publication date: April 25, 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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