Breaking: Does CNX Coal Resources LP Have Any Gas After Today’s Significant Decline?

Breaking: Does CNX Coal Resources LP Have Any Gas After Today's Significant Decline?

The stock of CNX Coal Resources LP (NYSE:CNXC) is a huge mover today! About 82,397 shares traded hands. CNX Coal Resources LP (NYSE:CNXC) has risen 194.29% since April 14, 2016 and is uptrending. It has outperformed by 189.60% the S&P500.
The move comes after 5 months negative chart setup for the $449.06M company. It was reported on Nov, 16 by Barchart.com. We have $16.95 PT which if reached, will make NYSE:CNXC worth $49.40 million less.

CNX Coal Resources LP (NYSE:CNXC) Ratings Coverage

Out of 11 analysts covering CNX Coal Resources LP (NYSE:CNXC), 9 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 82% are positive. CNX Coal Resources LP has been the topic of 23 analyst reports since July 27, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock with “Hold” rating in Monday, July 27 report. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Neutral” rating by Bank of America on Tuesday, November 24. The firm has “Buy” rating given on Monday, July 27 by Bank of America. The stock of CNX Coal Resources LP (NYSE:CNXC) earned “Buy” rating by Stifel Nicolaus on Monday, July 27. The company was upgraded on Thursday, November 10 by Jefferies. The stock has “Outperform” rating given by FBR Capital on Friday, September 18. The stock has “Overweight” rating given by JP Morgan on Monday, July 27. The firm has “Buy” rating given on Thursday, November 3 by Seaport Global. Cowen & Co initiated the shares of CNXC in a report on Monday, July 27 with “Outperform” rating. Goldman Sachs initiated the shares of CNXC in a report on Monday, July 27 with “Neutral” rating.

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: Fool.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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